India, Luxembourg can deepen cooperation in fintech, space and AI: Jaishankar

External Affairs Minister (EAM) S. Jaishankar and Luxembourg Prime Minister Luc Frieden on Tuesday discussed expanding cooperation between the two countries in key sectors such as financial services, investments, technology and innovation.

In a post on X after meeting Frieden in Luxembourg City, Jaishankar said, “Pleased to meet Prime Minister @LucFrieden of Luxembourg this morning. Conveyed the warm greetings of PM @narendramodi. Discussed our growing cooperation in financial services, investments, technology and innovation. Thank him for his support for stronger India–EU ties.”

Advertisement

Later, Jaishankar also held talks with Deputy Prime Minister and Minister for Foreign Affairs Xavier Bettel. In his opening remarks during the meeting in Luxembourg City, the External Affairs Minister said that both nations could collaborate much more productively in areas such as fintech, space, the digital domain and Artificial Intelligence (AI).

“Beyond the very solid trade relationship that we have, many of the most important issues of our times—fintech, space, the entire digital world and AI—are areas where we can collaborate far more productively than we have so far. I look forward to today’s meeting and our discussions. The state of the world is particularly interesting at this time, and I am sure we will both benefit from a very open exchange of views,” Jaishankar said.

The EAM noted that India considers Luxembourg an important partner and thanked Bettel for being a strong advocate of deeper ties between India and the European Union.

“As you rightly noted, we are now marking 78 years of our relationship, and we have come a long way. For us, Luxembourg is a very important partner in its own right, and also within the European Union, especially at a crucial time in the evolution of our ties with the EU,” he said.

“So, the influence you have in shaping that broader relationship, and the support you extend, is of great value to us. I thank you for that, as you have, in many ways, been a strong advocate of deepening ties between India and the European Union,” Jaishankar added.