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Huge opportunities available for doing business with India, Mr. Matti

08 Feb '08
3 min read

As regards the multilateral trade, Shri Kamal Nath stated that India remains committed to a rule-based multilateral trading system and informed about the current state of play in the Doha Round.

India has been engaging constructively and actively with other fellow member countries of the World Trade Organisation (WTO) towards achieving an early conclusion of the round.

Bilateral trade between India and Finland during the year 2006-07 was to the tune of US $ 804 million as against US $ 782 million in 2005-06.

The main exports to Finland were drugs, pharmaceuticals & fine chemicals, RMG cotton including accessories, manufactures of metals, coffee, machinery and instruments etc. while the main imports from Finland were electronic goods, machinery except electrical & electronics, computer software, paper board & manufactures, transport equipments etc.

In the comparative list of countries for FDI approvals, Finland ranks 42nd and actual FDI inflows during the year 1991 to June 2007 was US $ 54.2 million.

Sectors attracting Finnish investments are: fuels (power & oil refinery), telecommunications, electrical equipments (including computer software & electronics); services sector (financial and non-financial services) and paper & pulp (including paper).

More than 70 Finnish companies have made investments in India including, Nokia Telecommunications OY (Communications); Wartsila Diesel Oy (electrical equipment); Kone Oy (lifts) and Oy Airam Electric AB.

Press Information Bureau Government of India

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