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Relations between India and Latvia are warm and friendly, based on shared commitment to democracy.Popular interest in Indian culture among the Latvian people has strengthened ties.The then Speaker of Latvian Parliament had visited India in October 2012 and had invited her Indian counterpart to Latvia.The Speaker of Lok Sabha is likely to visit Latvia this year soon.Taking these factors along with the investment friendly policies of the Latvian government and the recent steady economic growth which saw Latvia emerge as the fastest growing member of the Euro-zone, Latvia offers good opportunities for Indian firms.However, investments in both directions are below potential.Effective Wednesday, 20 March 2018 applicants applying for long term student...
There is scope for growth of textiles, agro-products, gems and jewellery, chemical dyes and pharmaceuticals.Further, the University of Latvia has been very supportive.As a result, the University of Latvia, in collaboration with the Arya Vaidya Pharmacy, Coimbatore (AVP, which has received a grant as Centre of Excellence from AYUSH Ministry), has been conducting a 3-month Diploma course in Introduction to Ayurveda since February 2015.Cumulative figures of Latvian FDI in India are less than US $ 0.1 million.
There is a proposal for setting up a temperature-controlled cold storage and ware-house facility in the free port of Riga for which the Embassy is already in contact with APEDA for them to partner with M/s Bhandar.
The Chairman of the Latvia-India Friendship Group and Member of Parliament, Mr.