Mera Saansad
Search Search
English language

PM Modi's keynote address at Singapore Fintech Festival

Published By : Admin | November 14, 2018 | 10:03 IST
We are in an age of a historic transition brought about by technology: PM Narendra Modi
In India, technology has transformed governance and delivery of public services. It has unleashed innovation, hope and opportunities: PM
Financial inclusion has become a reality for 1.3 billion Indians, says PM Modi
RuPay is bringing payment cards within the reach of all. Over 250 million of these are with those who did not have a bank account 4 years ago: PM
Data Analytics and Artificial Intelligence are helping us build a whole range of value added services for people: PM Modi
Digital technology is introducing transparency and eliminating corruption, says PM Modi at Singapore Fintech Festival
Our focus should be development of all, through development of the most marginalized: PM Narendra Modi

Deputy Prime Minister of Singapore Tharman Shanmugaratnam, a voice of influence in the world of finance,Mr. Ravi Menon, Managing Director of Monetary Authority of Singapore, a leading institution in fintech,Tens of thousands of participants from over one hundred countries,

Namaskar!

It is a great honour to be the first Head of Government to deliver the keynote address at Singapore Fintech Festival.

This is a tribute to the youth of India with its eyes firmly fixed to the future.

It is an acknowledgement of the financial revolution sweeping through India and transforming the lives of 1.3 billion people.

This is an event of finance and technology and, it is also a festival.

This is the season of the Indian Festival of Lights – Deepawali. It is celebrated all over the world as a victory of virtue, hope, knowledge and prosperity. The Diwali lights are still on in Singapore.

The Fintech Festival is also a celebration of belief.

Belief in the spirit of innovation and the power of imagination.

Belief in the energy of youth and their passion for change.

Belief in making the world a better place.

And, it is no surprise that in just its third year, this Festival is already the world’s largest.

Singapore has been a global hub for finance and, it is now taking a leap into the digital future of finance.

It was here, in June this year, that I launched India’s RuPay card and the first international remittance mobile app using India’s world class Unified Payment Interface or UPI.

Today, I will have the honour to launch a global platform to connect fintech firms and financial institutions, beginning with ASEAN and Indian banks and fintech companies.

India and Singapore are also working to connect Indian and ASEAN small and medium enterprises, anchored on an Indian platform, and expand it globally.

Friends,

I have heard of an advice going around in start-up circles.

● To increase your Venture Capital or VC funding by 10 percent, tell the investors you run a "platform”, not a regular business.

● If you want to increase your VC funding by 20 percent, tell the investors that you are operating in the "fintech space”.

● But, if you really want the investors to empty their pockets, tell them that you are using "blockchain” .

It tells you of the excitement and promise of emerging technologies to transform the world of finance.

Indeed, history has shown that finance is often the first to embrace new technology and connectivity.

Friends,

We are in an age of a historic transition brought about by technology.

From desktop to cloud, from internet to social media, from IT Services to Internet of Things,we have come a long way in a short time. There is daily disruption in businesses.

The character of the global economy is changing.

Technology is defining competitiveness and power in the new world.

And, it is creating boundless opportunities to transform lives.

I had said at the United Nations in 2014 that we have to believe that development and empowerment can spread with the same speed at which Facebook, Twitter or mobile phones have spread.

Across the world, that vision is rapidly changing into reality.

In India, it has transformed governance and delivery of public services.It has unleashed innovation, hope and opportunities.It has empowered the weak and brought into mainstream those who were on the margins .It has made economic access more democratic.

My government came to office in 2014 with a mission of inclusive development that would touch the lives of every citizen – the weakest in the remotest village.

That mission needed a solid foundation of financial inclusion for all – a task that was not easy in a country of India’s size.

Yet, we wanted to achieve this in months, not years that conventional wisdom suggested.

With the power of fintech and the reach of digital connectivity, we have started a revolution of unprecedented speed and scale.

To begin with financial inclusion has become a reality for 1.3 billion Indians. We have generated more than 1.2 billion biometric identities – called Aadhaar or foundation - in just a few years.

With our Jan DhanYojana, we aimed to give a bank account to every Indian. In three years, we have opened 330 million new bank accounts.These are 330 million sources of identity, dignity and opportunities.

Less than 50 percent of Indians had bank accounts in 2014; now, it is nearly universal.

So today, more than a billion biometric identities, more than a billion bank accounts and more than a billion cell phones give India by far the biggest public infrastructure in the world.

More than Rupees 3.6 lakh crore, or 50 billion dollars of benefits from government have reached the people directly.

No longer must a poor citizen in a remote village travel long distances or pay off middle-men to get her rights.

No longer can fake and duplicate accounts bleed government finances. We have saved over Rupees 80,000 crore, or 12 billion dollars in prevented leakages.

Now, millions who lived on the edge of uncertainty receive insurance in their accounts; and, have access to the security of pension in old age.

A student can get her scholarship directly into her account. No longer will she be lost in end-less paper chase.

Banking has come to doorsteps even in remote villages through 400,000 micro ATMs based on Aadhaar.

And now, this digital infrastructure has helped launch the world's largest healthcare scheme this year. 'Ayushman' will provide affordable health insurance to 500 million Indians.

It has also helped us extend 145 million loans for small entrepreneurs through Mudra scheme. In four years, they amount to Rupees 6.5 lakh crore, or 90 billion dollars. Nearly 75 percent of these loans have gone to women.

Just a few weeks ago, we launched the India Post Payments Bank. Over 150 thousand post offices across India and 300,000 postal service employees are using technology to provide house to house banking.

Of course financial inclusion also needs digital connectivity.

More than 120,000 village councils in India have already been connected by nearly 300,000 kilometres of fibre optic cables.

Over 300,000 Common Service Centres have brought digital access to villages. They give our farmers better access to land records, credit, insurance, market and the best price. They deliver health services and hygiene products to women.

None of this would have been as effective without the other big change brought about by fintech – the digitisation of payments and transactions in India.

India is a nation of diverse circumstances and challenges.Our solutions must also be diverse.Our digitization is a success because our payment products cater to everyone.

For those with mobile and internet, the BHIM-UPI is the world’s most sophisticated, simpleand seamless platform for payments between accounts, using a virtual payment address.

For those who have a mobile, but no internet, there is U.S.S.D. system in 12 languages.

And, for those who have neither mobile nor internet, there is Aadhar Enabled Payment System, which uses biometrics. And, it has already registered a billion transactions and grown six-fold in two years.

RuPay is bringing payment cards within the reach of all.Over 250 million of these are with those who did not have a bank account 4 years ago.

From cards to QRs and wallets, digital transactions in India are growing rapidly. Today, 128 banks in India are connected to UPI.

Transactions on UPI grew 1500 times in the last 24 months. Every month, the value of transaction is growing by over 30 percent.

But, more than the pace, I am inspired by the opportunities, efficiency, transparency and convenience that digital payment is generating.

A shopkeeper can go online to reduce his inventory and speed up collections.

For a fruit grower, a farmer or a rural artisan , the markets are direct and closer, earnings are higher,and payments are faster.

A worker collects wages or remits money home quickly without giving up a day’s work.

Every digital payment saves time. It adds to a huge national saving. It is increasing productivity of individuals and our economy.

It also helps improve tax collection and inject fairness in the economy.

Even more, digital payments are a gateway to a world of possibilities.

Data Analytics and Artificial Intelligence are helping us build a whole range of value added services for people.This includes credit to those with little or no credit history.

Financial inclusion also extends to micro, small and medium enterprises.

They are all coming on the nation-wide Goods and Services Tax digital network, launched just over a year ago.

Banks are reaching out to them with credit. Alternative lending platforms are offering innovative financing models. They no longer have to look at informal markets for credit at high interest rates.

And, just this month, we committed to approve loans up to Rupees 1 crore, or one 150,000 dollars for Micro, Small and Medium Enterprises within 59 minutes - without even visiting a bank. This is driven by an algorithm that uses GST returns, Income Tax returns and bank statements to make credit decisions. In just a few days, 150,000 such enterprises have come on board for loans.

This is the power of fintech to drive enterprise, employment and prosperity.

Digital technology is introducing transparency and eliminating corruption through innovations such as the Government e-Marketor GEM. It is an integrated platform for purchases by government agencies.

It provides everything – search and comparison, tender, online ordering, contract generation and payment.

It already has 600,000 products.Nearly 30,000 buyer organisations and more than 150,000 sellers and service providers are registered on the platform.

Friends

There is an explosion of fintech innovation and enterprise in India. It has turned India into a leading fintech and Startup nation in the world. The future of fintech and Industry 4.0 is emerging in India.

Our youth are developing apps that are making the dream of paperless, cashless, presence-less, and yet safe and secure, transactions possible for all. That is the wonder of India Stack– simply the largest set of Application Programming Interface in the world.

They are using Artificial Intelligence, Blockchain and machine learning to create solutions for banks, regulators and consumers.

And, they are also embracing our nation’s social missions – from health and education to micro credit and insurance.

This enormous talent pool in India benefits from the ecosystem created by initiatives such as Digital India and Startup India, and by supportive policies, incentives and funding programmes.

It also helps that India has the largest data consumption in the world and the cheapest rates for data.And one of the top nations in fintech adoption. So, I say this to all the fintech companies and startups – India is your best destination.

The economies of scale achieved in India by the LED bulb industry allowed this energy efficient technology to become more affordable globally. Likewise, India’s vast market can enable fintech products to achieve scale, reduce risks and costs, and go global.

Friends.

In short, the Indian story shows six great benefits of fintech: Access ,inclusion; connectivity; ease of living; opportunity; and, accountability.

Across the world, from the Indo-Pacific to Africa to Latin America, we see inspiring stories of extraordinary innovation changing ordinary lives .

But, there is much to be done.

Our focus should be development of all, through , that is, development of the most marginalised.

We must bring the unbanked 1.7 billion people in the world into the formal financial market.

We must extend the security of insurance and pension to more than a billion workers in the informal sectors worldwide, who still do not have it.

We can use fintech to ensure that no dream remains unfulfilled, and no enterprise remains still born, because of lack of access to finance.

We must make banks and financial institutions more resilient in managing risks,fighting frauds and dealing with disruption of traditional models.

We have to use technology to improve compliance,regulation and supervision, so that innovation flourishes and risks are contained.

We must use fintech tools to combat money laundering and other financial crimes.

The emerging world of finance will succeed in our inter-connected world when our data and systems are trusted and secure.

We have to make our globally wired system safe from cyber threats.

We must also ensure that the pace and the push of Fintech work to the advantage of the people, not to their disadvantage; that technology in finance ensures improvement of the human condition through direct contact with the most marginalized.

We also need to enhance awareness of the masses and educate them about the opportunities which inclusive policies and use of technology open up for them.

For this,fintech will need to be not merely a mechanism but a movement.

And, we have to address the inevitable questions of data ownership and flow, privacy and consent; private and public good; law and ethics.

Finally, we must invest in creating skills for the future. And, be prepared to back ideas and invest for the long term.

Friends.

Each era is defined by its opportunities and challenges.Each generation has its responsibility to shape future.

This generation will shape the futurein the palm of every hand in the world.

At no time in history were we blessed with so many possibilities:

to make opportunities and prosperity a reality in a lifetime, for billions.

to make the world more humane and equal –between rich and poor, between cities and villages, between hopes and achievements.

Just as India will learn from others, we will share our experience and expertise with the world.

Because,what drives India also holds hope for others. And,what we dream for India is what we also wish for the world.

This is a common journey for all.

Like the festival of light that calls us to spread light over darkness,hope and happiness over despair,this festival calls us to come together in pursuit of a better future for humanity.

Thank you.

 

Login or Register to add your comment
Explore More
Today, the entire country and entire world is filled with the spirit of Bhagwan Shri Ram: PM Modi at Dhwajarohan Utsav in Ayodhya

Popular Speeches

Today, the entire country and entire world is filled with the spirit of Bhagwan Shri Ram: PM Modi at Dhwajarohan Utsav in Ayodhya
View All
‘Highly Focused’: Canada PM Mark Carney Calls PM Modi A ‘Unique Leader’ After India Visit

Media Coverage

‘Highly Focused’: Canada PM Mark Carney Calls PM Modi A ‘Unique Leader’ After India Visit
View All
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
Download App
...
India – Finland Joint Statement on the State Visit of President of the Republic of Finland
March 05, 2026

At the invitation of the Hon'ble Prime Minister of India, Shri Narendra Modi, President of the Republic of Finland, H.E. Dr. Alexander Stubb, is on a State Visit to India from 4-7 March 2026. President Stubb, who is on his first visit to India in his present capacity, is visiting New Delhi and Mumbai and is accompanied by Ms. Sari Multala, Minister of Climate and the Environment of Finland, Mr. Matias Marttinen, Minister of Employment of Finland, and a high-level delegation comprising of officials and business leaders. Prime Minister Modi inaugurated the 11th edition of the Raisina Dialogue on 5 March 2026 in New Delhi with President Stubb as the Chief Guest delivering the Inaugural Keynote Address. President Stubb’s visit follows the visit of H.E. Mr. Petteri Orpo, Prime Minister of the Republic of Finland for the AI Impact Summit in February 2026.

On 5 March 2026, President Stubb was warmly welcomed by Hon’ble President of India Smt. Droupadi Murmu at Rashtrapati Bhavan. Prime Minister Modi and President Stubb held wide-ranging discussions during a bilateral meeting, and jointly addressed the media. Prime Minister Modi also hosted a luncheon in honour of the visiting dignitary.

The President of Finland congratulated India for successfully hosting the AI Impact Summit 2026. Both Leaders shared the view that working towards safe, trustworthy, and inclusive development of AI is of paramount importance.

The Leaders affirmed the deep and enduring friendship between India and Finland, built on a foundation of mutual respect and the values of democracy and rule of law, as well as commitment to global peace, security, and international law.

The Prime Minister of India and the President of Finland reiterated their commitment to the rules-based international order and multilateral cooperation, with the UN at its core.

The Leaders underlined the importance of redoubling efforts to reach the Sustainable Development Goals, and the importance of global cooperation against the challenges of climate change and loss of biodiversity.

Welcoming the landmark Free Trade Agreement between India and the European Union concluded in the India-EU Summit on 27 January 2026, the Leaders acknowledged the immense and mutually beneficial opportunities for both parties of increased trade and investments, including for the India-Finland bilateral relationship.

Building on the momentum provided by the India-Finland Virtual Summit on 16 March 2021 and the meetings of the Prime Ministers of both countries in the margins of two editions of India-Nordic Summit in 2018 and 2022 in Stockholm and Copenhagen respectively, as well as during the AI Impact Summit in February 2026, the Leaders emphasized their shared commitment to continue expanding and deepening the cooperation between the two nations. In this spirit, the leaders agreed to elevate the India-Finland relations to a Strategic Partnership in Digitalization and Sustainability, based on converging interests and mutual benefits.

Trade and Investment

The Prime Minister of India and the President of Finland called upon the business community to make use of the vast opportunities unleashed by the landmark India-EU FTA. In this context, The Leaders agreed that the aim should be to double the value of current trade between India and Finland by 2030.

The Leaders took note of the lively interactions between the respective business communities, reflected by the large business delegation visiting India together with the Finnish President, as well as the companies that joined the Finnish Prime Minister in February in connection with the AI Impact Summit in New Delhi. Both leaders expressed confidence that the India-Finland Business Summit and CEOs interaction scheduled to take place in Mumbai on 7 March would help pave the way for enhancing trade, technology collaboration and investments ties.

The Leaders welcomed the growing startup collaboration, manifested by the active participation of innovative Indian startups in Slush in Helsinki and Finnish startups in Startup Mahakumbh in New Delhi, as well as initiatives such as the Indo-Finland Startup Corridor.

Digitalization

Recognizing the transformative power of digitalization as a key driver of inclusive social and economic development, the Leaders identified digital transformation, including new and emerging technologies such as 5G, 6G, high-performance and quantum computing and Artificial Intelligence, as priority areas where collaboration based on mutual trust and benefit can be strengthened. The Leaders noted India’s experience in Digital Public Infrastructure, including digital payments such as the Unified Payments Interface (UPI), and discussed possibilities for cooperation in this area.

Against this backdrop, the Leaders asked the relevant ministries to establish a cross-sectoral Joint Working Group on Digitalization to define priorities and foster work on concrete and substantial actions driving the digital transition.

The Finnish President emphasized the positive impact of the considerable number of Indian professionals in the Finnish R&D and tech innovation ecosystems, contributing to social and economic development by means of digital transition and sustainability for the benefit of all.

The Leaders noted with satisfaction the Joint Calls by the Indian Department of Science and Technology and Business Finland to provide RDI funding for joint initiatives of Indian and Finnish companies and research organizations with focus on semiconductors, 6G, and energy systems. They also took note of the cooperation framework between Bharat 6G Alliance and the University of Oulu, Finland, welcoming all efforts to further strengthen bilateral collaboration on 6G.

Furthermore, the Leaders welcomed the work between the Indian Ministry of Electronics and Information Technology and Business Finland to further explore avenues of RDI collaboration with special focus on AI, noting also the discussions between the Indian Centre for Development of Advanced Computing and the Finnish IT Centre for Science with respect to High-Performance Computing.

In the field of advanced technology, the Leaders also highlighted Space tech as an emerging area of collaboration with considerable future potential and active private sector engagement between Indian and Finnish players.

Sustainability

On sustainability, both Leaders underlined the great potential in advancing clean energy solutions, notably in areas such as low carbon transition, energy efficiency, biofuels, smart grids, and green hydrogen. In addition, they highlighted the importance of cooperation in circular economy, sustainable water management and meteorology.

To this end, the Leaders welcomed the establishment of a Joint Working Group on Sustainability, bringing together relevant actors from both countries to enhance collaboration on sustainability-related issues.

Moreover, the Leaders underscored the importance of implementing the Memorandum of Understanding on Cooperation in the field of Renewable Energy, encompassing many key areas of collaboration that contribute to sustainability, including bioenergy and waste-to-energy solutions, power storage and flexible RE systems, green hydrogen, as well as wind, solar and small hydro power.

They acknowledged the renewal of the Memorandum of Understanding on Environmental Cooperation, and collaboration under the Leadership Group for Industry Transition (LeadIT) and encouraged the parties to advance the deeper collaboration in circular economy, climate action, and sustainability.

Both sides acknowledged that the rapid deployment of Smart Energy solutions, including Advanced Metering Infrastructure (AMI) and other digital grid technologies, has enhanced efficiency while increasing cybersecurity risks to critical power infrastructure. They agreed to explore future areas of cooperation in promoting resilient, reliable and sustainable smart grid systems.

The Finnish President extended his appreciation to India for hosting the next World Circular Economy Forum in the later part of 2026, a Finnish initiative providing a platform to enhance circular economy solutions and bring together leading expertise in the search for new collaborative initiatives.

The Prime Minister of India acknowledged Finland’s active role in bringing together Indian, Finnish and other Nordic stakeholders in the framework of the Indo-Nordic Water Forum, promoting new collaborations and best practices in water resources management and wastewater management for circular economy solutions.

With respect to meteorological collaboration, the Leaders underscored the ongoing cooperation in aerosol monitoring and air quality forecasting between the Finnish Meteorological Institute (FMI) and the Indian Meteorological Department (IMD). They welcomed the work to establish a Virtual Research Center between FMI and the Indian Institute of Technology Madras (IITM), also taking note of the already ongoing FMI-IITM research collaboration with multilateral projects exceeding a total value of Euros 11 million.

The Leaders also took note of the exchange of experiences between the Indian Ministry of Rural Development and the National Land Survey of Finland and the Finnish Environment Institute, cities, and companies about Land Stack, an integrated GIS based digital platform of land and property information.

The Leaders welcomed the signing of Memorandum of Understanding on fostering cooperation in the field of Official Statistics which provides a framework for exchange of best practices, methodologies, and technical expertise in the area of official statistics.

Mobility, education, and people-to-people contacts

The Prime Minister of India and the President of Finland recognized the importance of people-to-people contacts in all fields, including skilled workers, specialists and young professionals, researchers and students, businesspersons, and academics, thereby nurturing economic prosperity, contributing to a rich social fabric, and enhancing mutual understanding.

In this context, the Leaders hailed the signing of a Memorandum of Understanding on Migration and Mobility Partnership, laying the frameworks for smooth, orderly, and mutually beneficial mobility for the years to come. Both sides agreed to take the steps required for the implementation of the MoU in a comprehensive and coordinated manner, that serves both India’s and Finland’s prosperity and economic growth. The Leaders also acknowledged the contacts between the respective Foreign Ministries, looking into possibilities of establishing bilateral dialogue on consular matters.

The Leaders took note of the Joint Statement endorsed by the High-Level Dialogue on Cooperation in Education (31 January 2024) and encouraged the relevant parties to accelerate their joint efforts to advance the common agenda, focusing on the agreed areas of secondary education, higher education, skill development, and student mobility.

In this context, they noted the growing interest in India towards the Finnish education system, the increasing cooperation in teacher training, as well as early childhood education institutions and schools that are being set up according to the Finnish model, as concrete expressions of the stakeholders’ shared will and commitment to continue developing the collaboration on education.

Furthermore, the Leaders highlighted the discussions on a bilateral audiovisual co-production agreement that will provide a solid frame to enhance cooperation in the film and gaming industries.

India-EU-relations

Both Leaders welcomed the new Joint India-EU Comprehensive Strategic Agenda, endorsed in the India-EU Summit on 27 January 2026, based on shared values and principles, mutual trust, converging interests, and shared political will. They agreed that India and the EU can be stable, predictable, and trusted partners, building a multifaceted and deepening long-term relationship with many positive outcomes for both sides.

The Leaders underlined that the conclusion of Free Trade Agreement takes the India-EU relations to a new level. In addition to clear economic benefits by enhancing market access and removing trade barriers, both Leaders noted that the FTA could support economic security and resilience through diversifying critical value chains and opening new markets.

As a platform to address key trade, technology, and economic security issues, the Leaders reaffirmed their support to further enhance the work of the India-EU Trade and Technology Council as the cornerstone of the India-EU technology partnership.

The Prime Minister of India and the President of Finland underscored that the signing of India-EU Security and Defense Partnership added another meaningful dimension to the India-EU Strategic Partnership that will deepen co-operation in areas of shared interests, including maritime security, defense industry, cyber and hybrid threats, space, as well as counter-terrorism.

The leaders lauded the signing of the MoU on Comprehensive Framework of Cooperation on Mobility and the launch of pilot European Union Legal Gateway Office in India.

Multilateral cooperation

The Leaders recognized the need to reform the UN system. In this context, they emphasized the importance of a comprehensive reform of the UN Security Council to make it more efficient, representative, inclusive, and reflective of contemporary geopolitical realities. The President of Finland reiterated Finland’s support for the permanent membership of India in a reformed UNSC.

The leaders underscored the vital role of cooperation within the United Nations and other international bodies to safeguard multilateralism and uphold a rules-based international order, including supporting mutual candidacies and nominations.

Both sides agreed to continue their constructive cooperation in multilateral fora, including on peace and security, human rights, sustainable development as well as climate change and biodiversity.

The Leaders reiterated their shared commitment to promoting a free, open, peaceful and prosperous Indo‑Pacific, in accordance with international law, including the UNCLOS. In this context, India welcomed Finland to join the Indo-Pacific Oceans Initiative.

Both leaders reaffirmed their commitment to further strengthening cooperation and dialogue on Arctic matters, including through joint research initiatives, academic exchanges, and capacity-building programmes. They took note of the first India–Finland Arctic Dialogue titled "The Himalayan and Arctic Ecosystems: India–Finland Partnership for a Sustainable Future” held in January 2026 in Rovaniemi, Finland, which brought together parliamentarians, government officials, academics and experts to deliberate on strategies and pathways for deepening collaboration on Arctic matters. Both leaders also underscored the importance of advancing cooperation in the structures of the Arctic Council, and within the broader framework of the India-Nordic Summit.

Both leaders unequivocally and strongly condemned terrorism and violent extremism in all its forms and manifestations, including cross-border terrorism. They called for decisive and concerted international efforts to combat terrorism in a comprehensive and sustained manner and in accordance with international law. They agreed to enhance cooperation to counter violent radicalization and extremism, combat financing of terrorism, promote internationally agreed anti‑money laundering standards, prevent exploitation of new and emerging technologies for terrorist purposes, and tackle terrorist recruitment. The leaders reaffirmed strong commitment to continue taking active measures to disrupt the terror financing channels including at the UN and FATF. They condemned in the strongest terms the terrorist attack in Pahalgam, Jammu and Kashmir on 22 April 2025 and the terror incident near Red Fort, New Delhi on 10 November 2025.

Both Leaders agreed to continue to support efforts towards the achievement of a comprehensive, just, and lasting peace in Ukraine through dialogue and diplomacy, based on the principles of the UN Charter and international law, including independence, sovereignty, and territorial integrity.

Conclusion

To take forward the cooperation under the India-Finland Strategic Partnership in Digitalization and Sustainability, the Leaders asked the respective Working Groups on Digitalization and Sustainability to develop a future-oriented and concrete Action Plan, including definition of priority areas and related actions, and report back to the Ministry for Foreign Affairs of the Republic of Finland and the Ministry of External Affairs of the Republic of India on the progress achieved.

The President of Finland thanked the Prime Minister of India for the excellent arrangements during his state visit, and both Leaders expressed their appreciation of the open and constructive dialogue, and the forward-reaching and evolving cooperation. They agreed to continue their interaction with a solid foundation in a shared spirit of mutual respect and collaboration. President Stubb invited Prime Minister Modi to pay a visit to Finland, and Prime Minister Modi accepted the invitation.