Recently, the Minister of Economic Affairs in Finland and India’s Union Minister of State Science & Technology convened to announce the establishment of an Indo-Finnish Virtual Network Centre on Quantum Computing. Identified for its development were three top Indian institutes: the Indian Institute of Technology (IIT) Madras, the Indian Institutes of Science Education and Research (IISER) Pune, and the Centre for Development of Advanced Computing (C-DAC) Pune.
Highlights Of The Meeting
The meeting emphasized India’s eagerness to foster research collaborations with Finnish R&D institutions and technological collaboration with Finnish industry, focusing on various technology domains. These domains include sustainable energy technologies, environmental and clean technologies, bio-based economy, water and marine technologies, and affordable healthcare among others.
Specifically, the application of quantum computing in these spheres was emphasized. Additionally, the Department of Science & Technology in India has launched several new programs like electric vehicles, cyber-physical system, quantum technologies, future manufacturing, green hydrogen fuel etc. They sought joint collaboration with Finland for tackling societal challenges through these programs.
The Finnish Minister assured partnering with India for carbon-neutral technologies and enhancing cooperation in climate change sustainability. He also invited India to consider deeper cooperation in Finland’s Biobank project, which provides high-quality human samples for medical research.
History And Dynamics of India-Finland Relations
The amicable relations between Finland and India have been traditionally warm and friendly. In recent years, this relation has evolved to include collaboration in research, innovation, and investments. 2019 marked the celebration of 70 years of diplomatic relations between both nations.
Finland is considered by India as a significant member of the European Union and a source of modern technology. From Finland’s perspective, India is a favorable market for its products and a suitable investment destination for its high-tech industries.
Collaboration In Science & Technology
India and Finland have strong ties in the field of science, technology, and innovation. Both countries are consultative members of the Antarctic Treaty and maintain active stations in Antarctica. India’s Meteorological Department (IMD) and the Finnish Meteorological Institute (FMI) have been cooperating in the field of the atmospheric environment since 2014.
This collaboration has resulted in Air Quality Forecasting models developed by FMI being customised for the Indian region, enhancing the capacity to predict pollution incidents. Additionally, Finland’s leadership in 5G/6G technology is an area of interest for top Indian IT companies.
Economic And Commercial Relations
In 2020, the total trade between India and Finland amounted to USD 2.3 billion, favouring India. The trade-in goods summed up to approximately USD 950 million, favoring Finland by roughly USD 134 million.
The major imports from India to Finland included medicinal and pharmaceutical products, textile yarn, and apparels amongst others. Conversely, India’s main imports from Finland comprised machinery for special industries, paper-based products, and metalliferous ores.
Cultural Relations
Indian culture is warmly received in Finland, with several Indian dance schools and yoga schools operating in the country. Indian Associations and cultural organizations regularly arrange cultural events promoting Indian dance and music, fostering strong cultural relations. The Finland India Society has been active since 1956, contributing to the cultural connectivity between the two nations.
