Companies in Hyde are really lucky to have Genome Valley: Estonian Ambassador to India Ms Marje

United News of India

5 days ago

Hyderabad, July 25 (UNI) Estonian Ambassador to India Ms. Marje Luup today said that our business delegation, which had a three-day visit already, visited the Genome Valley in Hyderabad where we spent a couple of hours and also saw the vaccine production.
' I really have to compliment Hyderabad for having this kind of park. I would say that the companies in Hyderabad are really lucky to have this kind of Genome Valley', Ms Marje told reporters here.
During the three-day visit, she said that our delegation met the dignitaries of Telangana, including Governor Jishnu Dev Varma and Minister for IT Sridhar Babu and Chief Secretary K.Ramakrishna Rao and the Special Chief Secretary.
In addition, we had a lot of interaction with private companies, the Ambassador said that we brought biotech companies delegation in 2022, and now it has been three years, so this time we came again with a business delegation, and we have the representatives of Estonian health tech cluster, Information and Communication Technologies (ICT) cluster, and AI and Robotics.
These representatives are here and we have been trying to identify the possible collaboration areas with the companies here in Telangana, she said investments can work from both sides, so of course we are always welcoming Indian investments into Estonia, and we are also looking for possibilities for our companies to invest here.
To a question, she said it is not only about export or investments, but also it's about collaboration of different companies in different software solutions, for example.
To find out the possibilities for both sides of the businesses to have some useful new developments, she said the trade relations between Estonia and India, then there are quite a lot of traditional groups like we are importing timber, we are importing also Estonian cheese is available on the Indian market, Estonian liquors are available.
Machinery we are exporting and some metals as well. Nevertheless, there is still a lot of potential in our trade. The trade is too small but it could be much bigger in numbers, she said 267 million euro bilateral trade covering merchandising and services.
We had many very good discussions about possible cooperation in biotech and in ICT, she said Estonia is one of the frontrunners in ICT and Cyber security is also one of our strengths.
So, these possibilities we have discussed, but also in engineering, and we have been also talking about usage of AI, she said that we have the representative of the health tech cluster, then there has been a lot of interest towards different solutions in Estonian health system.
'We have a patient portal, for example, where the data is stored electronically. We have an e-prescription, which can be used nowadays in nine countries of Europe, the Ambassador said that there are no paper prescriptions anymore in the country .
The data is digitally disregarded. If you go to different doctors, they can access your data from the patient's portal. The data is always there, she said.
In the case of cyber security, she said we are now 100% digital. Then we also have to protect our data. This is the reason why we have developed so much in cyber security. We have created a 'data embassy' in Luxembourg. So it's dubbing everything in our databases in Estonia. And this is rather a unique solution in the world and we are the first country to use the data embassy, she said.
Reliance has invested in our country and it has a research and development center in Estonia, she said.
When asked about any companies coming up from India to invest, she said ' yes' that some developments are in progress and I can't mention the names yet. But the biggest ones which are already present in Estonia certainly are Reliance and K-Champ.
'We have more than 4,000 e-residents from India in Estonia and they have established more than 1,000 companies in Estonia. All of those companies are not active, but most of them are, she said.
And for Indian businesses, it's a possibility to enter the European market and also the Scandinavian market, which are big and quite rich markets, the Ambassador said.
Data centers also have potential in terms of education. Data center is, come take a seat, she said some data centers are already working and enlarging their capacities.
The ambassador was accompanied by a higher powered delegation including Mr Svewn Aulik, Ms Madli Rahuvarm and Ms Katre Ekjas –experts in health, ICT , e-governance, Cybersecurity, AI and robotics.
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