Minister addresses India–Finland Business Forum
Minister of Commerce and Industry Piyush Goyal has held talks to strengthen bilateral trade, investment and industry cooperation with Finland, followed by signing of two institutional Memoranda of Understanding (MoUs), ministerial-level discussions, and extensive engagements between Indian and Finnish industry across key sectors.
Goyal is leading a high-level Indian delegation comprising senior business leaders and government officials to on official visit to Finland to build on the elevation of India–Finland relations to a Strategic Partnership in Digitalisation and Sustainability during the State Visit of President Alexander Stubb to India in March 2026. The visit also follows the conclusion of the India–European Union Free Trade Agreement on 27 January 2026.
Goyal has discussed strengthening cooperation in financial markets, innovation, enterprise financing, and expanding bilateral trade and investment with Dr Sakari Puisto, Minister of Economic Affairs of Finland.
Goyal also addressed the India–Finland Business Forum which featured Narayan Sethuramon, Chairman, CII Trade Policy Council, and Lassi Noponen, Director General, Business Finland, the Ministry of Commerce and Industry said on 16 July.
On the sidelines of the Business Forum, two Memoranda of Understanding were signed between the Confederation of Indian Industry (CII) and Business Finland, and between CII and the Confederation of Finnish Industries (EK), creating new institutional mechanisms to promote industry collaboration and facilitate greater business engagement between the two countries.
Indian and Finnish companies also participated in sector-specific interactions covering digital and frontier technologies, space, clean energy, bioeconomy, circular economy, infrastructure and advanced manufacturing, exploring opportunities for collaboration, investment and technology partnerships.
Goyal highlighted the shared ambition of India and Finland to double bilateral trade by 2030 and emphasised the opportunities created by the India–EU Free Trade Agreement to expand trade, investment, manufacturing and innovation partnerships.
The Embassy of India in Helsinki gave an update on opportunities for business leaders, policymakers and stakeholders from both countries to further strengthen institutional and commercial ties.
The Minister-led engagements reflected the growing momentum in India–Finland economic relations and reaffirm the commitment of both countries to building a resilient, innovation-driven and future-oriented partnership, the Ministry said. fiinews.com
