India and the EU has launched an ambitious and comprehensive ‘Connectivity Partnership’ focused on enhancing digital, energy, transport and people-to-people connectivity.
The partnership is based on the shared principles of social, economic, fiscal, climate and environmental sustainability, and respect for international law and commitments. The partnership will catalyse private and public financing for connectivity projects. It will also foster new synergies for supporting connectivity initiatives in third countries, including Indo-Pacific.
India and the EU also agreed to enhance bilateral cooperation on digital and emerging technologies such as 5G, AI (Artificial Intelligence), Quantum and High-Performance Computing (HPC) including through the early operationalization of the Joint Task Force on AI and the Digital Investment Forum.
The leaders noted with satisfaction the growing convergences on regional and global issues, including counter terrorism, cybersecurity and maritime cooperation. The leaders acknowledged the importance of a free, open, inclusive and rules-based Indo-Pacific and agreed to closely engage in the region, including in the context of India’s Indo-Pacific Ocean’s Initiative and the EU’s new strategy on the Indo-Pacific.
Coinciding with the Leaders’ Meeting, an India-EU Business Roundtable was organised to highlight the avenues for cooperation in climate, digital and healthcare.
India-EU Leaders Meeting has set a significant milestone by providing a new direction to the strategic partnership and giving a fresh impetus for implementing the ambitious India-EU Roadmap 2025 adopted at the 15th India-EU Summit held in July 2020.