May 18, 2023
2 mins read

Digital transformation key in India-EU trade ties: Goyal

The Stakeholders Event, attended by 18 stakeholders from various business sectors in India and the EU, provided a platform for fruitful discussions and the exchange of views and suggestions…reports Asian Lite News

Union Minister for Commerce and Industry Piyush Goyal has highlighted the importance of digital transformation and talent reskilling in bolstering the trade and technology partnership between India and the European Union (EU).

Goyal made the observation during the stakeholder event for Working Groups 1 and 2, which was held as part of the first ministerial meeting of the India-EU Trade and Technology Council (TTC) in Brussels, Belgium on May 16, 2023.

He co-chaired the event along with External Affairs Minister S Jaishankar, Minister of External Affairs (EAM), and Union Minister of State for Electronics and Information Technology (MEITY) Rajeev Chandrashekar on the Indian side. Executive Vice President of the European Commission Margrethe Vestager and European Commissioner Theirry Breton served as the EU’s representatives.

Speaking at the event, Goyal emphasized the significance of new digital technologies and their transformations in terms of upskilling and reskilling current talent. He explained that the reciprocal recognition of degrees and courses will allow both parties to jointly enhance their skills.

He also recommended that working groups meet on a regular basis and define distinct tracks for skilling and talent, the semiconductor ecosystem, etc. to progress towards clear and measurable outputs in order to have a better understanding based on mutual sensitivities.

The Stakeholders Event, attended by 18 stakeholders from various business sectors in India and the EU, provided a platform for fruitful discussions and the exchange of views and suggestions. Five stakeholders from the Indian side represented the digital and technology industry (Working Group 1), whereas three stakeholders represented clean and green energy technologies (Working Group 2).

The conversations centered on a number of important topics, including digital technology, innovations, and disruptions. The delegates also discussed issues including standardization for cross-border merchant payments, enabling legislation, and strategies to boost digital commerce and investment between India and the EU.

They also discussed talent improvement and reskilling, as well as the necessity for digital transformation to scale. The program also included interactions on the generation of green hydrogen, battery systems, recycling, scaling up charging systems for improved access, waste and water management, and certifications allowing new ideas and technology. (India News Network)

ALSO READ-India, EU warn China against BRI projects violating sovereignty

Previous Story

Modi to co-chair Forum for India-Pacific Islands Cooperation Summit  

Next Story

Meet the Indian-American woman cop, highest-ranking South Asian in New York

Latest from -Top News

India Eyes Top 5 Spot in Global Entertainment

With focused investments, policy support, and infrastructural upgrades, India is on track to position itself as one of the top five live entertainment destinations globally by 2030…reports Asian Lite News Fueled by

Pakistan on the Brink: War, Weakness, Woes

The reason behind growing anxiety and consternation in Islamabad is the depleting reserves of its military’s artillery and ammunition and also a ruined economy…reports Asian Lite News As the tensions between India

UNSC Convenes Over India-Pak Crisis

Pakistan is currently an elected member of the Council and will participate in the meeting….reports Asian Lite News The United Nations Security Council (UNSC) will be holding a closed-door meeting on Monday

SYRIA RAIDS: Arab League Slams Israel

The Arab League condemned the airstrikes and called on the international community and the United Nations to confront what it described as “repeated violations committed by Israel against the Syrian state.” The
Go toTop

Don't Miss

Coexistence Among Indians: A Peep into Common Man’s Psyche

The recent Pew study based on nearly 30,000 face-to-face interviews

Jaishankar, Schumer among leaders to address USISPF summit

Union Cabinet Ministers from India are scheduled to participate in