India and Europe are strategic partners. The relationship today is stronger than ever. As we speak, we are negotiating a Free Trade Agreement, an Investment Agreement, and have launched a Trade and Technology Council (TTC) to put flesh on the bones of the Connectivity Partnership, and to achieve, together, the digital transformation we need to meet the challenges of the 21st century.
India has every interest in pursuing this strategic relationship– since only with access to European technology, freer trade and quality inward investment, can India stay on track to achieve its 2047 target of becoming a developed economy.
Cooperation in other strategic tech areas, reflecting shared economic, political and security interests, also however needs to be stepped up. We recognized this in launching the TTC last April. The TTC will be the place of ‘strategic engagement’, responding to geopolitical change and ‘challenges at the nexus of trade, trusted technology and security’.