India to open embassy in Latvia, move welcomed
Story highlights
With Baltic states, India has been having regular official-level interactions even as New Delhi is seeking to explore new avenues for stronger cooperation in e-governance, cyberspace, the internet of things, startups, defence technology, supply chain, and logistics
India has announced that it will be opening a Resident Embassy in the Latvian capital, Riga, marking a pivotal moment in the diplomatic relations between the two nations and engagement with the wider Baltic states. Jurģis Miezainis, Parliamentary Secretary of the Latvian Ministry of Economics, expressed his enthusiasm over the development, stating that the news was long-awaited and a "game changer" for the future of economic cooperation between Latvia and India.
External Affairs Minister, Dr S Jaishankar, made the announcement during the 2nd CII India Nordic Baltic Business Conclave, reaffirming India's commitment to expanding its presence in the Baltic region. The move follows the recent inauguration of Indian missions in Estonia's Tallinn (December 2021) and Lithuania's Vilnius (March 2023). Latvia attained recognition as a sovereign state by India in 1991, with diplomatic relations formalized in 1992.
Miezainis speaking to WION, said, "It's a game changer, and I can see all the good things happening in the future regarding Latvia and Indian relations, economic relations." He underscored its role in facilitating economic cooperation, especially for business delegations seeking investment opportunities and forging trade ties. The India-Latvia trade relationship has witnessed substantial growth, with trade reaching approximately USD 440 million in 2022-23, reflecting a remarkable 60% increase from the previous year. Indian exports contributed around USD 190 million to this robust bilateral trade.
trending now
)
New York stabbing attack: Four killed in Queens neighbourhood as police shoots suspect dead
)
Indian PM Modi hails four-state election results as victory of 'politics of development'
)
India and Maldives core group to discuss usage of Indian military platforms
)
As BJP roars in MP, Scindia fires back at Priyanka Gandhi over 'height' remark
)
Watch | Bobby Deol gets emotional after Animal success party: 'It feels like a dream'
)
As BJP leads in three states, panicked Congress calls sudden INDIA bloc meet: report
)
This groundbreaking new drug is all set to increase life span of large dogs
)
Philippines earthquake: Tsunami waves of 40 cm reach Japan
)
Madhya Pradesh elections 2023: BJP roars with staggering numbers, Congress wiped out
)
Medicine used for controlling blood pressure found to have anti-ageing effect
)
Latin America remembers Kissinger's dark legacy bitterly, Chile's 'Pinochet' and his role in Operation Condor
)
Rajasthan Assembly Election Results 2023 LIVE: BJP leading in 114 constituencies; Check party-wise results
)
Kylian Mbappe would like to win Ballon d’Or with PSG: Ronaldinho
)
British Army used solar panels created out of forced labour in China: report
)
MP Assembly Election Result 2023: check Full list of winners and Loser constituency wise
With Baltic states, India has been having regular official level interactions even as New Delhi is seeking to explore new avenues for stronger cooperation in e-governance, in cyberspace, in the internet of things, startups, defence technology, supply chain, and logistics. Along with the Nordic nations, the Baltic states too are in the forefront of innovations, start-ups, tech applications, and digital progress. Discussions on future connectivity and logistics in the strategic Baltic Sea and Arctic region indicate potential business implications.
)
