The 15th Technology Summit & Technology Platform held in New Delhi, India gathered more than 300 individuals and over 250 companies from India and Finland to create new business for both. Greater Helsinki Promotion was there to represent Greater Helsinki as a place to collaborate with companies, do R&D and to find new technology innovations for business. The four day event was attended by a 120 person delegation from Finland headed by the Minister of Economic Affairs Mauri Pekkarinen.
As Minister Pekkarinen pointed out during the event, Finland and India share a common denominator which is the number 6. The twist of the number is that while Finland’s GDP is -6%, India is GDP is +6%. This makes India one of the most interesting countries in the new world economy. Economic growth in the midst of the global recession is no easy task. India’s a domestic market of 1,2 billion people makes it the second largest population in the world and a powerhouse economy in the world of tomorrow. India’s leading companies are global and the size of their domestic market, 2,4 times the size of the European Union, makes many of them rich in capital to invest and hungry for growth.
Over the four days in the Technology Summit & Technology Platform GHP met with 43 companies and local organizations to discuss the possibilities in Greater Helsinki and Finland, 8 of which have already led to ongoing engagement to discuss future investment possibilities. Indian companies have real interest in Finnish hi-tech, which is supported by the Finns’ good reputation as solid business partners. India offers, not only great opportunities to Finnish companies due to its vast markets, but also a possibility for future investments and R&D collaboration. Finnish know-how is a commodity that holds its market value around the world and India is no exception.