Bharat’s exports to Nordic regions have increased significantly in recent
years, said Union Commerce and Industry Minister Piyush Goyal while addressing
the second CII India Nordic-Baltic Business Conclave 2023.
The Union Minister pointed out that India’s exports to the Nordic region
have grown by over 39 per cent from 2018-19 to 2022-23 and that exports to
Finland and Norway have grown by over 100 per cent and 80 per cent
respectively.
Highlighting the fact that the region has come close to India in recent
years, the Minister pointed out that Indian cuisine, Bollywood, yoga, Ayurveda
and textiles are extremely popular in the Nordic-Baltic region, as informed by
the Ministry of Commerce and Industry.
In his address, Goyal said Nordic-Baltic nations have the best
innovation, green tech, AI and blockchain-led transformation, supply chain
logistics and fintech, and these are the areas where there is a huge scope for
collaboration with India, as India has made great strides in these areas
besides being an economic powerhouse with vast mineral resources and a talent
pool.
Speaking in the presence of leaders of the Nordic countries, Goyal said it’s
an exciting era of collaboration, innovation and shared prosperity with a
similar outlook towards global challenges and opportunities.
Goyal invited Nordic-Baltic companies to showcase, attend, and
collaborate at the upcoming trade fairs in India.
He informed the gathering that BharatTex, which will start from February
26 to 29, will have over 3,500 exhibitors from nearly 40 countries. Bharat
Mobility Show will run from February 1 to 3 and will showcase the Auto Fair. It
will also have an electrical component as a key feature.
Benedikt Hoskuldsson, Special Envoy for Climate, Ministry of Foreign
Affairs Iceland, Mariin Ratnik, Deputy Minister for Economic and Development
Affairs Republic of Estonia, Jurgis Miezainis, Parliamentary Secretary at the
Latvian Ministry of Economics, Republic of Latvia, Egidijus Meilunas, Vice
Minister of Foreign Affairs, Republic of Lithuania, Andreas Motzfeldt Kravik,
Deputy Foreign Minister, Kingdom of Norway, Ville Tavio, Minister for
Development Cooperation and Foreign Trade, Republic of Finland, Niklas Wykman,
Minister for Financial Markets, Kingdom of Sweden and Aksel Vilhelmson
Johannesen, Prime Minister, Faroe Islands also expressed their views on the
relations of Nordic countries with India on the occasion.
ANI
