As per the Ministry of External Affairs (MEA), PM Narendra Modi will hold a virtual summit with his Finland counterpart Sanna Marin. This India-Finland summit will provide a “blueprint” for the future expansion and diversification of the bilateral partnership.
Key Points
- During the summit, the two leaders will cover the entire spectrum of the bilateral relationship and exchange views on regional and global issues of mutual interest.
- A PMO release said that India and Finland enjoy friendly relations based on shared values of democracy, freedom, and rules-based international order.
- Both nations have very close cooperation in the areas of education, trade and investment, science and technology, innovation, as well as Research and Development.
- Both sides also have ongoing collaboration in the joint development of a Quantum Computer using Artificial Intelligence to address societal challenges.
- The release stated that 100 Finnish companies are actively operating in India in various sectors like elevators, machinery, telecom, and energy including renewable energy. Around 30 Indian companies are active in Finland mainly in auto-components, IT, and the hospitality sector.
India-Finland MoU in the field of Environment protection and biodiversity conservation
India and Finland have signed an agreement in November 2020 for developing cooperation between two countries in the field of Environment protection and biodiversity conservation.
The MoU is a platform to give a push to Indian and Finnish partnership and support, exchange best practices in areas like prevention of air and water pollution, waste management, and promotion of circular economy.