India-EU Business Forum

Why in News?

Recently, the Prime Minister addressed the first–ever India–European Union Business Forum in New Delhi.

• About – It is an international forum that brings together Indian and European business leaders, policymakers and institutional representatives.
• The forum occurred during the 16th EU-India Summit.
• Launched in – 2026.
• Aim – To strengthen India–EU economic partnership and promote trade, investment and business collaboration.
• Objectives – Support implementation of the India–EU Free Trade Agreement.
• Enhance cooperation in trade, manufacturing, R&D and services.
• Promote trusted and resilient supply chains.
• Vision –Build a whole-of-society partnership.
• Make India and the EU a double engine of global growth.
• Focus – It emphasises cooperation on priority areas such as
  • De-risking Supply Chains – EVs, batteries, semiconductors, API.
  • Strategic Technologies – Defence, space, telecom and AI.
  • Green Transition – Green hydrogen, solar energy, smart grids.
  • Nuclear – Collaboration proposed on small modular reactors.
• Significance – Marks a new era of alignment in India–EU relations and positions them as a double engine of global growth.
• Partnership highlighted as alignment between the world’s two largest democratic powers.
• Shared commitment to market economy, openness and global stability.

Quick Facts

References

1. PIB | India-EU Business Forum
2. PIB | India and EU trade relations