Prime Minister Narendra Modi and his counterpart from Luxembourg Xavier Bettel will talk about bilateral points, together with strengthening relationship in a post-Covid-19 world, on the India-Luxembourg Summit on Thursday to be held nearly.
“India-Luxembourg Summit, the primary in final twenty years, shall be a possibility to put the platform for cooperation between the 2 international locations in a post-COVID-19 world,” in response to an official.
Luxembourg’s significance stems from it being one of many founding members of the European Union (EU) in addition to one of many three official headquarters to the EU’s establishments together with Brussels and Strasbourg, the official added..
Luxembourg can also be the fifth largest investor from the EU after the Netherlands, Germany, France and Cyprus, and the fifteenth largest investor in India. Since July 2014, Luxembourg’s cumulative funding in India has greater than doubled – from $ 1.088 billion to $ three.082 billion (March 2020). Luxembourg is the third largest supply of Overseas Portfolio Investments (FPI) investments in India after US and Mauritius accounting for about eight.5 per cent of those investments.
The 2 leaders will even trade views on worldwide and international problems with mutual curiosity, in response to an official launch.
India and Luxembourg have continued to keep up excessive degree exchanges within the latest previous. The 2 Prime Ministers have met beforehand on three events.