Prime Minister Shri Narendra Modi today participated in the IBSA Leaders' Meeting held in Johannesburg, South Africa. The meeting was hosted by the President of South Africa, H.E. Cyril Ramaphosa of South Africa and attended by the President of Brazil, H.E. Luiz Inácio Lula da Silva.

Describing the meeting as timely, Prime Minister noted that it coincided with the first G20 Summit on African soil and marked the culmination of four consecutive G20 presidencies by Global South countries, out of which the last three were by the IBSA members. This, he noted, has resulted in several important initiatives focussed on human-centric development, multilateral reform and sustainable growth.

Prime Minister emphasized that IBSA is not just a group of three countries but an important platform connecting three continents, three major democratic nations, and three major economies.

Prime Minister stressed that global governance institutions are far removed from 21st century realities. He called on IBSA to send a strong message that reform of institutions of global governance, in particular the UN Security Council, is now not an option, but an imperative.

On counter-terrorism, Prime Minister emphasized the need for close coordination and that there should be no room for double standards while fighting terrorism. Highlighting technology's crucial role in ensuring human-centric development, Prime Minister proposed establishing an 'IBSA Digital Innovation Alliance' to facilitate sharing of Digital Public Infrastructure like UPI, health platforms like CoWIN, cybersecurity frameworks and women-led tech initiatives among the three countries.

Prime Minister also emphasized IBSA's potential to contribute to the development of safe, trustworthy and human-centric AI norms. He invited IBSA leaders to the AI Impact Summit to be held in India next year.

Prime Minister stated that IBSA can complement each other's development and become an example for sustainable growth. He highlighted cooperation opportunities in areas such as millets, natural farming, disaster resilience, green energy, traditional medicines and health security.

Appreciating the IBSA Fund's work in supporting projects across forty countries in sectors like education, health, women empowerment and solar energy, Prime Minister proposed IBSA Fund for Climate Resilient Agriculture to further advance South-South cooperation. Prime Minister's full speech can be found [here].

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List of Outcomes: Visit of President of Finland
March 05, 2026

MoUs / Agreements

Sl. NoMoU / AgreementDescription

1

MoU on Migration and Mobility Partnership

Finland has emerged as an important destination for Indian professionals, particularly in the field of technology and innovation sectors. The MoU on Migration and Mobility Partnership will facilitate mobility of talent.

2

Renewal of MoU on Environmental Cooperation

Renewal of existing MoU signed in November 2020. It encompasses 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.

3

MOU on cooperation in the field of Statistics

To evolve mutual cooperation and exchange of experiences/best practices and collaboration in the field of official statistics.

Announcements

 Title

1

Elevation of India - Finland bilateral relations to "Strategic Partnership in Digitalization and Sustainability”

2

Joint Research Calls under Implementation Arrangement between Department of Science and Technology of India and Finnish Innovation Funding Agency Business Finland

3

Aim to double the present bilateral trade between India and Finland by 2030 (Capitalizing on recently concluded India-EU FTA)

4

Establish a cross-sectoral Joint Working Group on Digitalization (Advancing cooperation in new and emerging technologies such as 5G, 6G, quantum communications, high-performance and quantum computing, Artificial Intelligence etc.)

5

Creation of Joint Task Force on 6G (6G research by University of Oulu, Finland and the Bharat 6G Alliance)

6

Greater connectivity of startup ecosystems through Indo-Finland Startup Corridor (Active participation of Indian startups in Slush in Helsinki and Finnish startups in Startup Mahakumbh in New Delhi)

7

Co-hosting of World Circular Economy Forum in India in 2026 (By Ministry of Environment, forest and Climate Change and Finnish Innovation Fund SITRA)

8

Establish Consular Dialogue between the respective Foreign Ministries