President of India addresses India-Iceland Business Forum in Reykjavik

President of India Ram Nath Kovind, addressed the India-Iceland Business Forum in Reykjavik, (capital of Iceland) on 11 September 2019. President Kovind is on a 3 day visit to Reykjavik, Iceland from 9-11 September 2019. This is part of President’s three first leg visit to– Iceland, Switzerland and Slovenia. This is also the first visit of an Indian President to Iceland since visit of Dr APJ Abdul Kalam in 2005.

Highlights of India-Iceland Business Forum

India-Iceland Relation: India’s growth and commitment to sustainability and Iceland’s business strengths and niche capacities complement each other and make for a natural partnership.

The technological prowess of Iceland and scientific skills of India could embrace each other to drive 4th Industrial Revolution and machine-intelligence age.

India’s transformative growth programmes and next-generation infrastructure projects present large opportunities for Icelandic companies.

There is scope to enhance economic partnership in areas such as trade, investment, services to research and innovation.

Even though India-Iceland’s bilateral trade figures are modest but Indian market and Iceland’s business strengths can still add significant numbers to them.

Iceland can source manufactured goods, fruits and vegetables, chemicals and engineering goods and textiles from India.

There is a lot of economic potential and opportunities between India and Iceland in pharma, healthcare, finance, hospitality, tourism services and biotech space.

Month: Current Affairs - September, 2019