IMEC to add new value to India-Europe business partnership
Prime Minister Narendra Modi has emphasized that India and Europe must work together to build resilient and diversified supply chains while inviting European industry leaders to partner with Indian sectors such as telecom and digital infrastructure, AI, semiconductors, electronics, and deep tech manufacturing, green transition and clean energy, infrastructure, mobility and urban transformation, and healthcare and life sciences.
He highlighted India’s ambitious infrastructure and energy transformation, including large-scale investments in transport, logistics, renewable energy, green hydrogen and nuclear power.
Addressing the European Round Table for Industry (ERT) in Gothenburg on 17 May 2026, PM Modi highlighted the growing strategic convergence between India and Europe and underscored the importance of trusted partnerships in an increasingly complex and uncertain global environment.
The roundtable was also attended by Prime Minister of Sweden Ulf Kristersson, President of the European Commission Ursula von der Leyen, senior European industry leaders, and representatives from leading European and Indian companies. It was hosted by the Volvo Group.
PM Modi welcomed the growing momentum in India-EU relations, including the successful conclusion of negotiations of the landmark India-EU Free Trade Agreement. He described the agreement as a transformative economic partnership that would create new opportunities in trade, technology, manufacturing, services and resilient supply chains.
He also noted that connectivity projects such as India-Middle East-Europe Economic Corridor (IMEC) add new value to India-Europe business partnership.
He underlined, “India today represents one of the world’s most attractive destinations for investment, innovation and manufacturing, and has a vision of ‘Design for India, Make in India and Export from India’ through which European companies can deepen their engagement with the Indian industrial development as a trusted and reliable economic partner.”
Prime Minister Modi also underlined the importance of talent mobility, education and skill partnerships between India and Europe. He highlighted India’s young and skilled workforce as a major strength for future global economic growth and emphasized the need to deepen people-to-people ties and innovation partnerships.
He called for an India-Europe CEOs Round-table annually and creation of an India Desk at the ERT.
“The interaction provided an important platform for exchanging views on strengthening India-Europe economic and industrial cooperation and reaffirmed the shared commitment of India and Europe to sustainable growth, technological collaboration and resilient global partnerships,” PMO said on 18 May. Fiinews.com
