India and EU must work as partners, not as competitors, says Prasada

New Delhi: India and the European Union (EU) must work together, streamline non-tariff barriers and harmonise standards to remove trade bottlenecks, instead of competing, as the world grapples with economic uncertainty, supply chain disruptions and geopolitical shifts, said Jitin Prasada, minister of state for commerce and industry, and electronics and information technology. He called for Europe to diversify its supply chain and said India has a large talent pool in sectors where Europe needs skilled professionals such as IT, engineering, healthcare and fintech.

"We can work together to ensure a simplified visa process and mutual recognition of qualifications," he said at an event organised by the Confederation of Indian Industry.