(The Gist of PIB) India-Luxembourg Virtual Summit


(THE GIST OF PIB) India-Luxembourg Virtual Summit

[December-2020]


India-Luxembourg Virtual Summit

  • Prime Minister Modi and the Prime Minister of Luxembourg held the first-ever India-Luxembourg Virtual Summit on 19 November 2020.

About:

  • Luxembourg is a founding member of the EU. In this context, the two leaders exchanged views on further strengthening India EU relations including forward movement on India EU trade agreements and investment agreements.
  • The Luxembourg Prime Minister conveyed the intention of Luxembourg to join the International Solar Alliance. Mr Modi invited Luxembourg to join the Coalition for Disaster Resilient Infrastructure.
  • The leaders looked forward to the 17th Joint Economic Commission between India and the Belgium-Luxembourg Economic Union to review the economic and trade relations.
  • Three agreements were signed coinciding with the Summit. The agreements were
  • MoU between India International Exchange (India INX) and Luxembourg Stock Exchange.
  • MoU between State Bank of India and Luxembourg Stock Exchange.
  • MoU between Invest India and Luxinnovation.

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Courtesy: PIB