India Seeks Deeper Cooperation in Fintech, Space, AI and Digital Technologies
By | Gitanjali Thorat | PR Desk
Mumbai : India considers Luxembourg a “very important” strategic partner, both bilaterally and within the European Union, External Affairs Minister S. Jaishankar said on Tuesday during his official visit to Luxembourg. He emphasised that the two countries have significant potential to expand cooperation in fintech, space, artificial intelligence, and the digital economy.
Mr. Jaishankar is on a six-day visit to France and Luxembourg, aimed at strengthening India’s engagement with Europe at a time of evolving global economic and geopolitical dynamics.
High-Level Talks with Luxembourg Leadership
During his visit, Mr. Jaishankar held talks with Luxembourg Prime Minister Luc Frieden, focusing on expanding bilateral ties in finance, investment, and technology sectors. He also led delegation-level discussions with Deputy Prime Minister and Foreign Minister Xavier Bettel, reviewing both bilateral cooperation and broader global issues.
In his opening remarks with Mr. Bettel, the External Affairs Minister said Luxembourg’s role within the EU makes it a valuable partner for India as New Delhi works to deepen its engagement with the European bloc.
India–Luxembourg Partnership Beyond Trade
Highlighting the strength of existing economic ties, Mr. Jaishankar said India and Luxembourg already share a solid trade and investment relationship, but there is scope to collaborate more deeply in emerging and future-oriented sectors.
He identified financial technology, space cooperation, digital innovation, artificial intelligence, and talent mobility as priority areas for expanding bilateral engagement.
Focus on India–EU Relations
Mr. Jaishankar underlined Luxembourg’s influence in shaping India–EU relations, calling its support “of great value” as India seeks to strengthen ties with the European Union.
In a post on X, he described his meeting with Mr. Bettel as “excellent,” noting discussions on finance, investments, AI, digital technologies, space cooperation, and the global situation.
Meetings with Prime Minister and Grand Duke
The External Affairs Minister conveyed Prime Minister Narendra Modi’s greetings to Prime Minister Luc Frieden and thanked him for supporting stronger India–EU ties. Mr. Frieden said their discussions focused on enhancing bilateral relations and addressing key global developments.
Mr. Jaishankar also called on Grand Duke Guillaume of Luxembourg, conveying greetings from President Droupadi Murmu and reaffirming India’s commitment to deepening the bilateral partnership.
Engagement with Indian Community
As part of his visit, Mr. Jaishankar is also scheduled to interact with members of the Indian diaspora in Luxembourg, reinforcing India’s people-to-people ties with the country.
