History of India-Luxembourg Relations
The diplomatic relationship between India and Luxembourg dates back to 1947, when India gained independence. Over the years, this partnership has strengthened, particularly after the establishment of Luxembourg's embassy in New Delhi in 2002, signaling a commitment to enhance diplomatic ties. This development has opened avenues for greater interaction between the two nations in various sectors, including trade, culture, and technology.
In terms of economic ties, the Luxembourg Stock Exchange has become a significant platform for Indian businesses, with over 170 Indian companies listed. This illustrates the growing interest of Indian corporations in European markets and reflects the favorable investment climate that Luxembourg offers. As of the period from January to September 2014, bilateral trade between India and Luxembourg reached approximately $37.17 million. This trade relationship consists of a diverse range of goods, with India exporting merchandise worth $7.79 million and importing approximately $29.38 million worth of goods from Luxembourg.
The Indian community in Luxembourg also plays a vital role in strengthening bilateral relations. Many Indians have settled in Luxembourg, contributing their skills in fields such as IT, banking, and industry, particularly with major companies like Arcelor-Mittal. This community not only enhances cultural exchange but also serves as a bridge for economic collaboration between the two nations.
Diplomatic engagements have been noteworthy over the years, with prominent visits illustrating the commitment of both countries to foster closer ties. Grand Duke Jean made history in 1983 as the first head of state from Luxembourg to visit India, paving the way for future collaborations. Subsequent visits by Luxembourg’s trade and foreign affairs ministers demonstrate the importance both countries place on maintaining robust diplomatic dialogue. Notable exchanges continued in recent years, including a visit from Luxembourg's Foreign Minister Jean Asselborn in 2015 and a visit by India's Minister of External Affairs in 2012, highlighting the ongoing interest in strengthening bilateral relations.
Looking ahead, Luxembourg is set to host the annual Asian Infrastructure Investment Bank meeting in 2019, an initiative that underscores its role in promoting collaboration on crucial infrastructure projects in Asia. Moreover, an economic mission to India is planned, emphasizing Luxembourg's proactive approach in enhancing economic ties with India.
In a symbolic gesture to commemorate 75 years of friendship, 2023 saw Luxembourg Post issue a miniature sheet featuring postage stamps dedicated to this historic milestone. The stamps pay tribute to the renowned sculptor, painter, and poet Amar Nath Sehgal, thereby honoring the artistic contributions of the Indian diaspora and reflecting the rich cultural connections that have developed between India and Luxembourg over the years. This milestone not only celebrates the enduring friendship but also sets the stage for future collaboration in various fields, including art, culture, and economic development.