The Prime Minister of India, H.E. Shri Narendra Modi, and the Prime Minister of the Grand Duchy of Luxembourg, H.E. Mr. Xavier Bettel, held the first-ever India-Luxembourg Virtual Summit on 19 November 2020.
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Key-Points
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.
