The Federation of Indian Export Organisations (FIEO) expressed appreciation for Prime Minister Narendra Modi’s upcoming visit to the United Arab Emirates (UAE), the Netherlands, Sweden, Norway, and Italy from May 15–20. This visit is seen as a significant step to enhance India’s economic ties with key global partners amidst current challenges. FIEO President SC Ralhan highlighted the importance of this visit in strengthening trade, investment, and technology collaborations during a crucial period of economic integration with Europe and the Gulf region.
Ralhan emphasized that the visit holds strategic importance, showcasing India as a reliable economic partner and a key contributor to global growth. The engagements with UAE and major European nations are expected to open up opportunities for Indian exporters across various sectors including engineering, clean energy, technology, pharmaceuticals, food processing, textiles, logistics, and digital trade. The evolving bilateral relationship with the UAE, now a Comprehensive Strategic Partnership, has led to expanding trade and investment connections, making the UAE a vital gateway for Indian exports to the Middle East and Africa.
The visit aims to further solidify economic relations between India and the UAE, focusing on energy cooperation, infrastructure, investments, and services trade. Ralhan also highlighted the significance of the Prime Minister’s interactions in the Netherlands, Sweden, Norway, and Italy, stressing the importance of Europe as a key export destination and investment source for India. The discussions are expected to deepen cooperation in sectors like green hydrogen, semiconductors, AI, innovation, clean technologies, defence manufacturing, blue economy, resilient supply chains, and sustainability, offering substantial potential for Indian exporters and industries.
The India-Nordic Summit in Oslo is noted as a platform for collaboration in renewable energy, climate technologies, maritime sectors, digital innovation, and advanced manufacturing. FIEO welcomed Prime Minister Modi’s involvement in major business engagements, anticipating that these interactions will boost investor confidence and foster stronger industrial partnerships. Ralhan highlighted that the collective bilateral trade with the countries covered in the visit exceeds $70 billion, with rising investments into India from these regions, indicating a positive outlook for enhancing bilateral trade, investments, and economic cooperation.
