PM Modi & his Luxembourg counterpart to hold virtual summit today

Prime Minister Narendra Modi and his Luxembourg counterpart Xavier Bettel will hold a virtual summit today, i.e. on November 19, 2020. This will be the first stand-alone Summit meeting 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.

India and Luxembourg have continued to maintain high-level exchanges in the recent past. The two Prime Ministers have met previously on three occasions.

Luxembourg is one of the most important financial centres globally. Several Indian companies have raised capital by issuing Global Depositary Receipts (GDRs) at the Luxembourg Stock Exchange. Several Luxembourg-based investment funds hold substantial banking and asset management market share in portfolio investments in India.