New Delhi [India], The second round of India-Luxembourg Foreign Office Consultations (FOC) took place in New Delhi on Tuesday, with discussions focusing on bilateral relations and an early conclusion of a comprehensive, balanced and mutually beneficial India- . During the EU Free Trade Agreement consultations, both sides expressed happiness not only at the growing financial sector cooperation between the two countries, but also to further expand economic ties and expand cooperation in the fields of finance, steel, space, ICT (information) Methods of deepening were also discussed. and communication technology) innovation, start-ups, manufacturing, automotive, health, sustainable development, renewable energy and the fight against climate change, the Ministry of External Affairs said in an official press release. The FOC was co-chaired by Pawan Kapoor, Secretary (West), Ministry of External Affairs, from the Indian side, and Jean Olinger, Secretary General, Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade of Luxembourg. As a result of the bilateral summit between the Prime Ministers of India and Luxembourg in November 2020, both sides expressed happiness at the growing financial sector cooperation between the two countries.In this context, they welcomed the signing of the Memorandum of Understanding between International Financial Services. Centers Authority (IFSCA) established a Commission de Surveillance du Secteur Financier (CSSF) and initiated discussions on the establishment of an India-Luxembourg Financial Corridor with the aim of further strengthening bilateral relations in the financial sector,” the ME release said. Both sides noted with satisfaction that the manufacturing unit of Luxembourg-based B-Medical Systems established in Mundra, Gujarat in 2021 will commence its operations in 2022. This is the first manufacturing unit of B-Medical outside Luxembourg. They also welcomed B-Medical Systems in India. Also welcomed the establishment and expansion of R&D divisions of the Systems. Both sides also discussed regional and multinational issues of mutual interest.They expressed satisfaction at the growing cooperation to strengthen India-EU bilateral cooperation, which has deepened. And in addition to our traditional areas of cooperation that have been diversifying over the years with a focus on key areas such as digital and green transformation, emerging technologies and economic security, he called for the early conclusion of a comprehensive balanced and mutually beneficial India-EU FTA. Emphasized the Ministry of External Affairs said. Both sides stressed the importance of strengthening cultural and people-to-people exchanges. In this context, they stressed the need for early conclusion of the India-Benelux Migration and Mobility Partnership Agreement, the release said. The FoC meeting was held ahead of the 18th meeting of the Joint Economic Commission of India and BLEU (Belgium Luxembourg Economic Union) on April 9, 2024, co-chaired by the Secretary General, Ministry of External Affairs and European Affairs, Defence, Development Cooperation and Foreign Trade. Went. Luxembourg, Belgium Chairman of the Federal Public Service Board, Foreign Affairs, Foreign Trade and Development Cooperation and Commerce Secretary, India.The talks took place in a friendly and cordial atmosphere. It was agreed that the next round of consultations would be held mutually in Luxembourg.convenient date.