Date: 2026-07-17Category: Press ReleaseState: Union GovernmentCountry: India
Union Minister of Commerce and Industry Shri Piyush Goyal Engages with Leading Finnish Technology and Industrial Companies to Deepen India–Finland Partnership
**Executive Summary**
Union Minister Shri Piyush Goyal engaged with leading Finnish technology and industrial firms on July 17, 2026, to deepen the India–Finland strategic partnership. The interactions focused on expanding cooperation in advanced manufacturing, digital technologies, and sustainable infrastructure. These meetings aimed to strengthen business-to-business linkages and position India as a trusted global partner for innovation and investment.
**Key Points / Main Content**
**Telecommunications and Digital Innovation**
* **Next-Gen Tech:** Strategic focus on strengthening collaboration in 5G and 6G technologies and digital infrastructure with Nokia.
* **Manufacturing & R&D:** Exploration of opportunities in electronics manufacturing, research and development, and innovation partnerships.
* **Emerging Technologies:** Targeted expansion of cooperation in emerging digital sectors within India’s telecom ecosystem.
**Research and Sustainable Development**
* **Institutional Collaboration:** Strengthening research partnerships and facilitating technology transfer between Indian and Finnish institutions via the VTT Technical Research Centre.
* **Green Initiatives:** Focus on clean technologies, advanced materials, and sustainable development.
* **Digital Transformation:** Collaborative efforts toward industrial transformation and digitalization.
**Urban Infrastructure and Localisation**
* **Smart Solutions:** Expanding cooperation with KONE Corporation in smart urban infrastructure and sustainable construction.
* **Industrial Localisation:** Exploring advanced manufacturing and the localisation of elevator and escalator technologies.
* **Market Leverage:** Identifying opportunities to utilize India's rapidly growing infrastructure sector and manufacturing ecosystem.
**Industrial Machinery and Clean Energy**
* **Advanced Engineering:** Discussions with Kemppi Group regarding advanced industrial machinery and welding technologies.
* **Future Mobility:** Exploration of prospects in EV charging infrastructure and industrial technologies.
* **Investment:** Identifying new avenues for investment in India’s manufacturing and infrastructure sectors.
**Impact Analysis**
**Indian Government (Ministry of Commerce & Industry)**
**Impact:** Reinforces India’s global standing as a reliable manufacturing and innovation partner and advances the national infrastructure agenda.
**Action Required:** Monitor and facilitate the implementation of the strategic cooperation agreements discussed during the visit.
**Finnish Technology and Industrial Companies (Nokia, VTT, KONE, Kemppi)**
**Impact:** Gains enhanced access to India’s expanding market, infrastructure projects, and research ecosystem.
**Action Required:** Engage in long-term B2B linkages and explore specific investment opportunities in manufacturing and R&D.
**Indian Research and Academic Institutions**
**Impact:** Increased potential for technology transfer and collaborative innovation in advanced materials and clean technologies.
**Action Required:** Establish contact with Finnish counterparts like VTT to formalize research partnerships and knowledge exchange.
Key Entities Referenced
Shri Piyush Goyal: Union Minister of Commerce and Industry who led strategic discussions with Finnish companies to deepen technology and manufacturing cooperation.
India–Finland Business Forum: A strategic platform held to strengthen business-to-business linkages and open new avenues for long-term cooperation across strategic sectors.
Nokia Corporation: A key Finnish partner engaged for collaboration in 5G and 6G technologies, digital infrastructure, and electronics manufacturing in India.
VTT Technical Research Centre: A leading European applied research institution involved in facilitating technology transfer and research partnerships with Indian institutions.
Ministry of Commerce & Industry: The primary Indian government ministry overseeing the strategic engagements to expand the domestic manufacturing and infrastructure ecosystem.
Ministry of Commerce & Industry
Union Minister of Commerce and Industry Shri
Piyush Goyal Engages with Leading Finnish
Technology and Industrial Companies to Deepen
India–Finland Partnership
Shri Piyush Goyal Holds Strategic Discussions with Nokia,
VTT, KONE and Kemppi to Expand India–Finland Technology
and Manufacturing Cooperation
प्रव तथ: 17 JUL 2026 6:55PM by PIB Delhi
Union Minister of Commerce and Industry Shri Piyush Goyal has held a series of interactions with leading
technology and industrial companies of Finland. These interactions are a part of the successful, wider
engagements that underscore the strong momentum in India–Finland relations. The engagements reflected
the shared commitment of India and Finland to deepen cooperation in advanced manufacturing, digital
technologies, innovation, sustainable infrastructure and research.
Shri Goyal met the senior leadership of Nokia Corporation. The discussions focused on strengthening
collaboration in next-generation telecommunications, 5G and 6G technologies, digital infrastructure,
electronics manufacturing, research and development, and innovation partnerships. The interaction
highlighted Nokia's longstanding presence in India's telecom ecosystem and explored opportunities to
expand cooperation in emerging digital technologies.
At the VTT Technical Research Centre, one of Europe's leading applied research institutions, discussions
centred on enhancing collaboration in research, innovation, clean technologies, industrial transformation,
advanced materials, digitalisation and sustainable development. Both sides explored opportunities to
strengthen research partnerships and facilitate technology transfer between Indian and Finnish institutions.
The Minister also held discussions with the Chairman and senior leadership of KONE Corporation. The
interaction focused on expanding cooperation in smart urban infrastructure, elevator and escalator
technologies, sustainable construction solutions, advanced manufacturing and localisation. Opportunities
to leverage India's rapidly expanding infrastructure sector and manufacturing ecosystem were also
discussed.
The final engagement was with the Kemppi Group, where Shri Goyal met the company's owners and
senior leadership. Discussions covered advanced industrial machinery, welding technologies,
manufacturing innovation, clean industrial solutions and opportunities for investment in India's growing
manufacturing and infrastructure sectors. Prospects for collaboration in emerging areas, including EV
charging infrastructure and industrial technologies, were also explored.The engagements provided an opportunity for direct interaction with Finnish industry leaders, highlighting
India's position as a trusted manufacturing and innovation partner while reinforcing the growing economic
partnership between the two countries.
The visit concluded with a reaffirmation of the shared commitment of India and Finland to deepen
collaboration in technology, innovation, sustainable manufacturing, research and investment. Building on
the successful India–Finland Business Forum held on the previous day, the industry engagements further
strengthened business-to-business linkages and opened new avenues for long-term cooperation across
strategic sectors.
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Abhishek Dayal/ Garima Singh/ Ishita Biswas
(रलीज़ आईडी: 2285875) आगंतुक पटल : 351
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