Spotlight on startups: India and EU seek deeper tech ties
India and the European Union explored deeper cooperation in critical minerals and processing. Discussions also covered fintech and artificial intelligence advancements between the two blocs. The finance minister met with her Russian counterpart to discuss bilateral cooperation. They also reviewed regional and global economic developments and shared interests. Sitharaman further met with finance…
New Delhi: Finance Minister Nirmala Sitharaman and European Commission Executive Vice President Valdis Dombrovskis met in Asheville on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting. The discussion focused on strengthening cooperation between India and the European Union in several key areas.
The two sides explored deeper cooperation in critical minerals, processing and value addition, fintech, artificial intelligence, and generative AI. They also aimed to fortify their supply chains and enhance collaboration on critical raw materials and technologies.
The India-EU Economic and Financial Partnership along with the Trade and Technology Council were identified as platforms for further deepening bilateral ties. The finance ministers also discussed the progress of the ongoing India-EU free trade agreement and Investment Protection Agreement negotiations.
Both sides expressed their interest in expanding cooperation in the fintech, AI, and generative AI sectors, with a focus on fostering stronger engagement between Indian and European startups. Sitharaman also had separate meetings with Russian Finance Minister Anton Siluanov, discussing bilateral cooperation and regional/global economic developments.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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