The India Iceland Trade Council, in collaboration with the India Iceland Business Association and the Embassy of India in Reykjavik, organised the India–Iceland Business Forum on 3 March in Reykjavík.
The forum was inaugurated by the Hon’ble President of Iceland, Halla Tómasdóttir, who underscored the importance of strengthening economic cooperation between India and Iceland. The Hon’ble Minister of Culture, Innovation and Higher Education, Logi Einarsson, shared insights from his recent visit to India, including his participation in the AI Impact Summit.
Mr. Sveinn, Director at the Ministry of Foreign Affairs of Iceland, elaborated on the opportunities arising from the India–EFTA Trade and Economic Partnership Agreement (TEPA). Ms. Anisha Tomar, Second Secretary and Chargé d’Affaires, conveyed remarks on behalf of Ambassador R. Ravindra, highlighting the vast potential for collaboration under the TEPA framework. The forum was moderated by Mr. Ólafur Stephensen, Chairman of the Icelandic Trade Federation.
The delegation of the India Iceland Business Association actively participated in three focused sessions covering:
(i) Trade and Economic Relations,
(ii) Geothermal Energy, and
(iii) Innovative Technologies.
The forum witnessed robust participation from companies from both India and Iceland, fostering meaningful dialogue and exploring new avenues for bilateral cooperation.
Following the successful forum, the Embassy of India in Reykjavik hosted an interactive reception on 4 March for the visiting delegation of the India Iceland Business Association and members of the Icelandic Trade Federation. Senior officials from the Ministry of Foreign Affairs of Iceland and representatives from Icelandic companies also attended the reception.
Ms. Anisha Tomar, Second Secretary and Chargé d’Affaires, emphasised the importance of strengthening B2B engagements between India and Iceland. Mr. Ólafur Stephensen of the Icelandic Trade Federation and Mr. Halldór Elís from the Ministry of Foreign Affairs of Iceland also delivered remarks, highlighting the strong potential for enhanced economic cooperation and the further deepening of commercial ties under the India–EFTA TEPA framework.
