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Press Releases, 11/8/2016

Under-Secretary of State Anttonen leads a trade mission to India

Press release 210/2016
7 November 2016

Under-Secretary of State for External Economic Relations Matti Anttonen will lead a Team Finland trade mission to India on 8-11 November.

The delegation will visit the capital New Delhi and India's westernmost state Gujarat. Anttonen will be accompanied by ten companies operating in the Indian market. During the four-day visit, the delegation will have several meetings in Indian ministries and companies.

The aim of the visit is to promote Finnish companies' business opportunities in India by strengthening the position of the companies that have already established operations there and by advancing the creation of new cooperation relations. The discussions will focus on energy supply and social and industrial infrastructure solutions.

Last year, India’s economy grew by 7.5 per cent and the country is one of the fastest growing emerging economies. India has the world's largest renewable energy programme. Its ambitious goals concern not only renewables but also energy recovery from waste, circular economy, energy efficiency (e.g. full transfer to LED light bulbs) as well as reduction of emissions through skipping directly to electric vehicles, which requires, for example, major investments in a plug-in charging point network.

Finnish companies' offering can serve India's needs in all these sectors, as was noted during Minister of State for Power, Coal, New and Renewable Energy and Mines Piyush Goyal's visit to Finland on 3–5 November. During the visit, India and Finland agreed to intensify their energy dialogue.

Last year, the volume of trade in goods between Finland and India was EUR 754 million, of which exports accounted for EUR 443 million and imports for EUR 311 million. In the peak year of 2011, trade in goods reached EUR 1.3 billion. Alongside trade in goods, there is significant trade in services. About 100 Finnish enterprises operate in India.

Inquiries: Ari Tasanen, Counsellor, Unit for South Asia, tel. +358 295 351 704, and Mikko Pötsönen, Counsellor, Embassy of Finland to New Delhi, tel. +91 98 11 049 769.

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Updated 11/8/2016

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