Riga, Aug 20 : India and Latvia on Tuesday agreed to forge a closer economic partnership, boosting trade and investment, especially in technology, and enhance cooperation on the global stage, and signed an agreement on cultural exchange.
Vice President M Venkaiah Naidu on the second leg of his three-nation Baltic trip held talks with Prime Minister Krisjanis Karins and President Egils Levits.
Latvia has emerged as the fastest growing member of the Eurozone. With Kariņs, the vice president discussed ways to enhance two-way trade and investment. "Latvia and India can become important partners as the world economy progresses towards the 4th Industrial Revolution where technology and innovations will play key roles. I see a lot of scope for Indian and Latvian companies to engage in new-age technologies through collaborations," Naidu said.
There is widespread interest of Latvian people in Ayurveda, Yoga, Indian cinema and cuisine. In delegation level talks, he and President Levits committed to take relations to a higher level, with special focus on culture and education.
Both reviewed the global partnership between the two countries.
"We agreed that we have very close cooperation on the international stage and we will continue even further. I am confident that my visit will open a new chapter in our bilateral relations," said Naidu.
Business chamber Assocham is leading a delegation from India for the first ever India-Latvia Business Forum. I am sure the interactions will find new avenues for bilateral investments. Delegates will get an opportunity to interact with the companies, officials and investment authorities, and get insights into the business climate, government policies and other relevant information pertaining to doing business in these countries.
"I am sure the interactions between business and industry will find new avenues for bilateral investments," said the vice president. (UNI)