Finance Minister Nirmala Sitharaman on Thursday said that the India-European Union strategic partnership has gained decisive new momentum, as both sides work to deepen ties in trade, technology, and green energy. Speaking at the Europe Day 2026 celebrations in New Delhi, Sitharaman emphasized the growing convergence between India and the EU on global issues.
Key Areas of Cooperation
Sitharaman highlighted several areas where India and the EU are collaborating more closely. These include digital transformation, climate action, and resilient supply chains. She noted that the India-EU Trade and Technology Council (TTC) is playing a pivotal role in advancing joint initiatives.
Trade and Economic Ties
The finance minister pointed out that bilateral trade between India and the EU has reached new heights, with both sides committed to finalizing a balanced and ambitious free trade agreement. She stressed that such an agreement would benefit businesses and consumers on both sides.
Technology and Innovation
On technology, Sitharaman said that India and the EU are partnering in areas like artificial intelligence, quantum computing, and 5G/6G networks. She also mentioned the importance of cooperation in cybersecurity and data governance.
Green Cooperation
Sitharaman underlined the shared commitment to combating climate change. She noted that India and the EU are working together on green hydrogen, renewable energy, and sustainable finance. The EU is a key partner in India's ambitious target of achieving net-zero emissions by 2070.
Global Role
The minister also touched upon the broader geopolitical context, stating that the India-EU partnership is crucial for a rules-based international order. She praised the EU's role in supporting multilateralism and expressed hope for closer coordination at the United Nations and other global forums.
In conclusion, Sitharaman said that the India-EU strategic partnership is entering a new phase of deeper engagement, with both sides committed to building a secure, sustainable, and prosperous future together.
