Estonia's economics and IT minister, business delegation visiting India

  • 2024-01-08
  • BNS/TBT Staff

TALLINN – Estonia's Minister of Economic Affairs and Information Technology Tiit Riisalo is visiting India with a business delegation this week.

The focus of the visit is the Vibrant Gujarat Summit, a global investor summit that brings together investors, politicians and businesses. In addition, the Estonian delegation is scheduled to visit a number of major international Indian corporations such as Tech Mahindra and Adani Group, as well as the campuses of the Indian Institute of Technology (IIT) and Rashtriya Raksha University (RRU), spokespeople for the Ministry of Economic Affairs and Communications in Tallinn said.

"Trade and investment relations between Estonia and India have grown significantly in recent years, and today more than a hundred Estonian companies export to that country. India is one of the world's largest buyers and sellers of services, which means that there's still a huge amount of potential for our companies," Riisalo said.

The focus of the business relations between the two countries is on ICT, the defense industry and renewable energy, especially green technologies.

"Estonia's favorable business environment, good conditions for high-level research and development and experience in building a digital state are of interest to Indian companies and I hope that this visit will spur a number of new collaborations between Estonian and Indian companies," the minister added.

Riisalo will also meet with his counterparts from India's ministries of IT, defense, and energy, as well as the Planning Committee.

The week will conclude with an Estonian business seminar taking place within the framework of the investor summit and a presentation by the minister at the high-level seminar Techade on digital and financial technology.

The delegation also includes the Estonian ambassador to India, Marje Luup, and the deputy head of mission, Margus Solnson, as well as export advisers of the joint agency of EAS and Kredex. The business delegation includes executives from Vegvisir, Cybexer Technologies, Gennet Laboratories, Leil Storage, LEI Register, Omniva, Eesti Energia and Tallinn University of Technology.