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Kolkata, February 17:: Finland is keen to see India’s participation in its information technology, mining and energy sectors but what is needed more is a better marketing of India in Scandinavia, according to Mr Glen Lindholm, ambassador of Finland to India.
Speaking at an interactive session organised by the Bengal Chamber of Commerce and Industry here Monday, Mr Lindholm said that currently, bilateral trade between Finland and India was very low. “We’d definitely like to see this going up in the years to come. The potential is there, but what is needed is a better marketing of India in the whole of Scandinavia and not just Finland alone,” Mr Lindholm said.
As of now, Finland’s exports to India is restricted to pulp and paper and some high-tech machinery. “In the medium and small scale sector, Finland has a lot of expertise. We are looking forward to extend this expertise to India,” he said.
In 1997-98, Indo-Finland bilateral trade stood at Rs 870 crore which grew to Rs 1113 crore in 2001-02.
So far as Finland’s exports are concerned, the product pattern has changed a lot over the years. In the 1960s, wood and paper industry dominated exports amounting to about 65 per cent of its total exports. By 1995, metal and engineering industry became the largest export sector. While metal and engineering industries still remain among Finland’s dominating exporting industries, other products like lubricants, minerals, chemical wood pulp and newsprint paper have gained in importance. Finland’s exports are primarily limited to Belgium, Denmark, Netherlands, Norway, Japan, France, UK and USA.
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