India and Finland have agreed to look for fast and fair solutions for their investment issues to boost their investors’ confidence. At a bilateral meeting with Finland’s Prime Minister Juha Sipila, the Indian Prime Minister Narendra Modi spoke about many steps that have been taken to improve ease of doing business to bring consistency, clarity and predictability in policies.
Mr Sipila along with a large delegation of businessmen were in India to participate in the inauguration of the Make in India Week. In a joint statement that was issued after the talks had ended between the two leaders, Mr Sipla had stated that he welcomed the efforts being made by the indian government as well as the Indian Prime Minister in the business sector.
The statement also highlighted, “The Prime Minister of India mentioned that several initiatives including Ease of Doing Business have been taken to bring in consistency, clarity and predictability in policies. Both Prime Ministers agreed that seeking speedy and fair solutions to investment issues and conduct of Mutual Agreement Procedure are important elements in increasing investor confidence.”
The two leaders also wanted to resume talks on the India-EU Broad-based Trade and Investment Agreement (BTIA). At present, there are over 100 Finnish companies in India and about 25 Indian companies in Finland. As per the statement, several Finnish companies in India have manufacturing plants in India and can be called Make in India companies.
