Ireland, India Launch Economic Advisory Panel in Dublin
In a landmark step to strengthen bilateral relations, Ireland and India have launched the Ireland-India Economic Advisory Panel in Dublin, signalling a renewed commitment to deepen trade, investment, and innovation ties.
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Ireland and India have established the Ireland-India Economic Advisory Panel in Dublin, marking a significant advancement in their bilateral relationship. This initiative demonstrates both nations' dedication to enhancing cooperation in trade, investment, and innovation sectors. The panel was officially launched by Ireland's Deputy Prime Minister and Minister for Foreign Affairs and Trade, Simon Harris, during a prestigious event in Dublin that brought together key business and government leaders from both countries.
The newly formed advisory body comprises distinguished Indian business figures with strong Irish connections, including Noel Tata, Chairman of Tata Trusts and Tata Investment Corporation; Kiran Mazumdar Shaw, CEO of Biocon; Mohit Joshi, CEO of Tech Mahindra; Murtaza Khorakiwala, Managing Director of Wockhardt; and Rajeev Mecheri, Co-founder of Invicara & TwinIt.
Senior Irish representatives were present at the launch, including Ireland's Honorary Consul in Chennai and various government and agency officials.
During his opening remarks, Deputy Prime Minister Simon Harris emphasized the historical connections between Ireland and India, highlighting their shared economic, cultural, and interpersonal bonds.
"It was in recognition of the huge and untapped potential which exists in the Ireland-India relationship that I brought an Action Plan for enhancing our bilateral engagement earlier this year," Mr Harris stated.
He noted that this initiative aligns with Ireland's Government Action Plan on Market Diversification, which aims to create more opportunities for Irish enterprises globally.
The inaugural event featured a special panel discussion and high-level meetings.
The delegation from India was received by Ireland's Prime Minister, the Deputy Prime Minister, and the Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation.
They also participated in a Business Roundtable discussion led by Minister of State Neale Richmond. Further enhancing the event's significance, the President of Trinity College Dublin hosted an exclusive dinner honoring the visiting dignitaries.
India's Ambassador to Ireland, Akhilesh Mishra, expressed strong support for the initiative. He referenced the historical solidarity between the two nations and emphasized the importance of building upon this foundation.
Ambassador Mishra described the panel as a crucial platform for consultation, sharing experiences, and fostering innovation, contributing to the development of two of the world's most dynamic economies.
The Ambassador emphasized the importance of identifying complementary areas for collaboration, particularly in business-to-business (B2B) partnerships. He identified agritech, healthtech, sustainable technologies, and professional skilling as key sectors with significant potential.
He highlighted that startups and innovation-driven enterprises could significantly contribute to strengthening bilateral economic relations.
Moving forward, the Economic Advisory Panel is anticipated to drive new initiatives by providing strategic guidance to governments, state agencies, and businesses in both countries.
Officials from both sides expressed confidence that the panel would help unlock new opportunities, promote sustainable growth, and strengthen Ireland and India's position as strategic economic partners.
The establishment of the Ireland-India Economic Advisory Panel represents a milestone in bilateral relations, reflecting both nations' shared ambition to deepen economic cooperation while promoting innovation and cultural exchange.