Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, held discussions with European Commissioners Maria Luis Albuquerque (Financial Services, Savings and Investments Union) and Piotr Serafin (Budget, Anti-Fraud, and Public Administration) to enhance economic cooperation between India and the European Union (EU).

The high-level meeting, attended by Union Minister of State for Finance Pankaj Chaudhary, focused on deepening trade, investment, and financial technology (FinTech) collaborations. Both sides reaffirmed their commitment to strengthening economic ties and fostering regulatory cooperation to navigate global financial challenges.

The Ministry of Finance highlighted India’s pivotal role as a global economic partner, emphasizing the importance of enhanced investment policies and financial inclusion. This engagement marks the first official international visit of the EU College of Commissioners since taking office in December 2024, following the European parliamentary elections.

European Commission President Ursula von der Leyen, accompanied by the full EU College of Commissioners, is on a historic two-day visit to India—the first of its kind. Discussions explored strategies to build a more resilient economic framework and drive innovation in the financial sector.

The meeting concluded with both sides reaffirming their commitment to bolstering trade, investment, and broader economic collaboration, setting the stage for stronger India-EU partnerships in the years ahead.