Iceland Firms Keen To Increase Collaboration In Fisheries, Clean Energy With India: Envoy

Iceland's Ambassador to India has expressed strong interest in enhancing collaborative efforts between Icelandic firms and Indian industries, particularly in the fisheries and clean energy sectors. The envoy highlighted the potential for growth in bilateral trade, which saw India exporting goods worth $66 million to Iceland in the fiscal year 2024-25, while imports from Iceland totaled $11 million. This trade relationship underscores the opportunities for Icelandic companies to tap into India's expansive market and for India to benefit from Iceland's advancements in sustainable practices. The focus on fisheries and clean energy aligns with global trends towards sustainability, making this partnership particularly timely. Both nations are expected to explore new avenues to strengthen their economic ties and leverage each other's expertise for mutual benefit.