Why India-EU summit matters: Mapping next steps

Unfazed by Brexit, India and the European Union are set to map the next steps in their mutually enriching and empowering partnership at their 14th summit in New Delhi. The 14th summit is taking place against a mutating geopolitical and geo-economic landscape, marked by uneven global economic growth and the rise of radicalism and alt-right forces in Europe and elsewhere.
In his interaction with EU leaders, including Donald Tusk, President of the European Council, and Jean-Claude Juncker, President of the European Commission, India’s Prime Minister Narendra Modi is expected to raise the bar for India-EU partnership in both economic and strategic spheres.
Besides upscaling economic and strategic partnership, the 14th summit could be a milestone in entrenching the EU’s role as a key partner in India’s ongoing nation-building projects. In days to come, one can see enhanced support of the EU for flagship schemes of national resurgence like Smart City, Skill India, Clean Ganga, Digital India and Start-up India. In particular, the EU is set to emerge as one of preferred partners in India’s quest for urban renaissance.
Moving beyond specific deliverables, the 14th summit should culminate in a big picture view of steering this strategic partnership between the vibrant multi-cultural, multi-ethnic societies of India and the European Union. With the liberal global order under attack by alt-right politics and divisive forces, India and the EU can blend their strengths to champion a new narrative for open societies and inclusive globalisation.

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Europe opportunity: EU invites PM Modi for India-EU summit

Barely months after his successful visits to Germany and France, Prime Minister Narendra Modi look set to galvanize India’s multifarious relations with the 28-nation European Union later this year.

The EU has sent an invite to Mr Modi to attend the India-EU summit in Brussels, said Minister of State for External Affairs V.K Singh. The summit is expected to be held before or after the G20 summit in November.

“The Summit will provide an opportunity for taking stock of the ongoing cooperation between India and EU and explore ways of further energising bilateral collaboration in areas of mutual interest, including exchange of views on global issues of mutual interest and concern”, said Mr Singh.

The prime ministerial visit will focus on expanding economic and strategic relations with the EU, India’s largest trading partner. Bilateral trade between India and the EU has surged to USD 101.5 billion (FY 2013-14). The total FDI equity inflows into India from EU was around USD 8,207 million during 2014-15.

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