First-Ever India-Luxembourg Virtual Summit Was Held

The first-ever India-Luxembourg Virtual Summit was held. In 1948, India established diplomatic relations with the Grand Duchy of Luxembourg.
Sheena

Updated: Nov 21, 2020 10:56:02 pm

First-Ever India-Luxembourg Virtual Summit Was Held

21 November 2020 Current Affairs:The first-ever India-Luxembourg Virtual Summit was held. In 1948, India established diplomatic relations with the Grand Duchy of Luxembourg.

Highlights:
♦ Three important agreements were signed at the virtual summit:
♦ Memorandum of Understanding between India International Exchange (India INX) and Luxembourg Stock Exchange: Provide cooperation in the financial services industry, maintain an orderly securities market, ESG (environmental, social and governance) and green finance in the local market.
♦ Memorandum of Understanding (MoU) between the National Bank of India and the Luxembourg Stock Exchange: Provide cooperation for financial services in the local market, industry maintenance of orderly securities markets, ESG (Environmental, Social and Governance) and green finance.
♦ Memorandum of Understanding between Invest India and Luxinnovation: Support and develop mutual commercial cooperation between Indian and Luxembourg companies, including the promotion and facilitation of or proposed inbound foreign direct investment from Indian and Luxembourg investors.
 
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