New Delhi: After hosting French President Emmanuel Macron in Mumbai, Prime Minister Narendra Modi on Wednesday held bilateral meetings with the leaders of Spain, Finland, Estonia, Croatia and Serbia, seeking to further deepen cooperation with Europe in technology, innovation, security and defence. Artificial Intelligence Impact Summit. According to official sources, 26 countries are officially represented, making this the largest participation of European countries at a technology event in India.During the formal talks, EU leaders/members unanimously supported the early implementation of the India-EU FTA. It is reported that they also pledged to support the European Council and the European Parliament to ratify the agreement as soon as possible.
‘Mother of all deals’: PM Modi signals new order for global trade as India and EU sign historic deal
“They are both keen to use the free trade agreement to strengthen trade relations with India and create new opportunities and jobs for people,” a government source said.During Modi’s meeting with Spanish Prime Minister Pedro Sanchez, the two recognized ongoing defense cooperation, welcomed progress in cooperation between Tata and Airbus on the C-295 transport aircraft final assembly line in Vadodara, and emphasized the importance of defense industrial cooperation based on joint development and joint production. Sanchez emphasized the importance of the AI Summit and expressed confidence that its outcomes will make a meaningful contribution in shaping global AI governance, while supporting India and Spain to strengthen cooperation to harness the potential of AI for inclusive development and social benefits.“They reiterated their strong condemnation of terrorism in all its forms and manifestations and stressed the need for enhanced international cooperation in combating terrorism,” a government statement said, adding that both Prime Ministers hailed the India-EU Free Trade Agreement as an important milestone that will help unlock huge trade and investment potential.Modis is expected to meet the leaders of the Netherlands, Switzerland, Greece, the Slovak Republic and Liechtenstein over the next two days.For India, Europe’s strong presence is an important factor in the success of the AI Summit, as Europe remains the epicenter of cutting-edge AI innovation, digital governance and responsible AI frameworks.Government officials pointed out that the EU plays an important role in formulating global norms, including artificial intelligence, and is the first EU in the world to enact comprehensive artificial intelligence legislation. France plays a key role in AI governance and applications, the UK has organized its first AI summit in 2023, while the Netherlands and Belgium host key companies in the semiconductor supply chain such as ASML and IMEC respectively.India works closely with European countries to expand AI-led growth: Official | Page 14While Germany is Europe’s leading semiconductor hub, Estonia is also a global leader in artificial intelligence, ranking sixth globally for AI startups, sources said. “India is working closely with several European countries to learn from each other and expand AI-led growth and development,” an official said.Modi and Finnish Prime Minister Petri Orpo called for doubling bilateral trade and strengthening technological cooperation, including joint development of quantum and 6G, renewable energy, circular economy and defence, as they agreed that the India-EU Free Trade Agreement will be a catalyst for mutual progress and prosperity. When meeting with Modi, Croatian Prime Minister Plenkovic also called for the early implementation of the India-Free Trade Agreement to promote bilateral trade.“During recent diplomatic events, Europe has given a clear vote of confidence in the vitality of the India-EU strategic partnership, which is based on artificial intelligence, digital innovation, strategic cooperation, economic growth and shared global priorities,” an official said.India works closely with European countries to expand AI-led growth: Official While Germany is Europe’s leading semiconductor hub, Estonia is also a global leader in artificial intelligence, ranking sixth globally for AI startups, sources said. “India is working closely with several European countries to learn from each other and expand AI-led growth and development,” an official said. Modi and Finnish Prime Minister Petri Orpo called for doubling bilateral trade and strengthening technological cooperation, including joint development of quantum and 6G, renewable energy, circular economy and defence, as they agreed that the India-EU Free Trade Agreement will be a catalyst for mutual progress and prosperity. When meeting with Modi, Croatian Prime Minister Plenkovic also called for the early implementation of the India-Free Trade Agreement to promote bilateral trade. “During recent diplomatic events, Europe has given a clear vote of confidence in the vitality of the India-EU strategic partnership, which is based on artificial intelligence, digital innovation, strategic cooperation, economic growth and shared global priorities,” an official said.