India’s exports to Nordic regions has increased significantly in recent years, said Mr Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles while addressing 2nd CII India Nordic-Baltic Business Conclave 2023.

The Union Minister pointed out that India’s exports to Nordic region has grown over 39% from 2018-19 to 2022-23 and that exports to Finland & Norway-grown by over 100% & 80% respectively. 

Highlighting the fact the region has come close to India in recent years, the Minister pointed out that Indian Cuisine, Bollywood, Yoga, Ayurveda and Textiles are extremely popular in Nordic-Baltic region.

Mr Goyal further said that Nordic-Baltic nations have best of innovation, green tech, AI & blockchain-led transformation, supply chain logistics & fintech and these are the areas where there is a huge scope for collaboration with India as India has made great strides in these areas besides being an economic powerhouse with vast mineral resources and talent pool.

The minister also invited Nordic-Baltic companies to showcase, attend, collaborate in the upcoming trade fairs in India.