Indian Economy News

India and Finland Strengthen Trade and Investment Partnership with Two Industry MoUs

Union Minister of Commerce and Industry Mr. Piyush Goyal led a high-level Indian delegation to Finland to strengthen bilateral trade, investment and industry cooperation, marking another step in deepening India’s economic engagement with Europe. The visit follows the elevation of India–Finland relations to a Strategic Partnership in Digitalisation and Sustainability in March 2026 and the conclusion of the India–European Union Free Trade Agreement (FTA). During the visit, Mr. Piyush Goyal held bilateral discussions with Finland’s Minister of Economic Affairs, Dr. Sakari Puisto, focusing on cooperation in financial markets, innovation, enterprise financing, and expanding bilateral trade and investment.

Two Memorandum of Understanding (MoUs) were signed between the Confederation of Indian Industry (CII) and Business Finland, and between CII and the Confederation of Finnish Industries (EK) to strengthen institutional collaboration and facilitate greater business engagement between the two countries. Indian and Finnish companies also explored partnerships in digital and frontier technologies, space, clean energy, bioeconomy, circular economy, infrastructure and advanced manufacturing. Highlighting the long-term vision for bilateral relations, Mr. Piyush Goyal reaffirmed the shared ambition of India and Finland to double bilateral trade by 2030, leveraging opportunities created by the India–EU FTA to expand trade, investment, manufacturing and innovation-led collaboration.

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