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Opinion

Prime Minister Modi will hold a virtual summit with his Luxembourg counterpart on November 18

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Prime Minister Narendra Modi and his Luxembourg counterpart Xavier Bettel will hold a virtual summit on Thursday, which will cover the entire spectrum of the bilateral relationship, the Foreign Ministry (MEA) said on Tuesday.

The MEA said it will be the first independent summit between India and Luxembourg in the past two decades.

“The leaders will discuss the entire spectrum of the bilateral relationship, including the strengthening of India-Luxembourg cooperation in the post-Covid world. They will also exchange views on international and global issues of mutual interest, ”he said.

India and Luxembourg have continued to maintain high-level exchanges in the recent past. The two prime ministers have previously met three times.

Luxembourg is one of the most important financial centers in the world. Several Indian companies have raised capital by issuing Global Certificates of Deposit (GDR) on the Luxembourg Stock Exchange. A number of Luxembourg-based mutual funds have a substantial share of the banking and asset management market in portfolio investment in India.

(With PTI inputs)

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