After Covid-19 year Indian Prime Minister Narendra Modi and Finnish Prime Minister Sanna Marin will hold a bilateral virtual summit on 16th March 2021.

In the bilateral virtual summit, both High commander will cover entire spectrum of the bilateral relationship. They will also exchange their views on the regional and global issues of the mutual interest. This summit will also provide a blueprint for future expansion and diversification of the India-Finland bilateral relationship.

Bilateral Relation

Both the countries share a warm and friendly relations which is based on the shared values of the freedom, democracy and rules-based international order. India and Finland share a close cooperation in the areas of education, trade & investment, science and technology, innovation and Research and Development. India and Finland have also collaborated for the joint development of a Quantum Computer using the Artificial Intelligence (AI) in order to address the societal challenges. Further, more than 100 Finnish companies actively operate in India in sectors including elevators, telecom, machinery and energy. Also, around 30 Indian companies operate in Finland in sectors including IT, auto-components and hospitality.

Backdrop

The diplomatic relations of the countries were established in 1949 after India’s Independence. Following that, Hugo Valvanne became the first Finnish diplomat to visit India. He presented his credentials to the Governor-General C. Rajagopalachari. After India became republic on 26th January 1950, he again presented his credentials to the first Indian President Rajendra Prasad. Finland has established its embassy in capital of India, New Delhi and consulates in Chennai, Bangalore, Mumbai and Kolkata while India has an embassy in Helsinki (Capital of Finland) which is jointly accredited to Estonia.

India and Finland Economic Relation

India and Finland Bilateral trade was around $1.247 billion in 2014-15 and by 2016-17 it reached to $1.284 billion. In 2016, Finland was the 60th largest trade partner of India in the world while it was 10th largest within the European Union (EU). In the similar manner, India was the 23rd largest trade partner of Finland and the 5th largest within Asia.

India-Finland summit held virtually India-Finland summit held virtually