Estonia invites Indian investment
New Delhi, Feb 12 (PTI) Inviting investments from India, Estonia, a north European nation, today said both the nations can increase cooperation in sectors like education, research and tourism.
Visiting Estonian Foreign Minister Urmas Paet said his country is the gateway to European and Russia markets and offers a business-friendly environment where both domestic and foreign investors are treated equally.
He was speaking at the India-Estonia Business Forum organised by Ficci here.
The most promising areas of cooperation between India and Estonia are education, research and tourism, the chamber said in a statement.
To further deepen trade and investment relations between the countries, Estonia has established its embassy here which will be formally inaugurated tomorrow.
It said India offers a variety of market opportunities for Estonian companies in sectors like ICT, biotech and cleantech.
"Collaboration can solve the skills and innovation needs of both the countries. And tourism can facilitate businesses," it said.
Speaking on the occasion, Viljar Lubi, Ambassador, Embassy of Estonia in India, said to boost business and trade cooperation, it is important for domestic businesses to visit the European country and experience the vast opportunities available to them.
"Establishing people-to-people contact and meeting with new people can open doors for fruitful business engagement," Lubi said.
Member of the Board of Estonian Chamber of Commerce Neinar Seli said to attract investors, knowledge sharing and learning about the available business opportunities is essential.
"Therefore, the business forum would help both Indian and Estonian businesses to better understand each other''s economy and generate useful ideas," Seli said.
The bilateral trade between the countries stood at USD 349 million in 2011-12.
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