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Luxembourg

ЁЯФЖWhy in news 

✅Asserting that there was a huge potential to further ramp up economic engagement between India and Luxembourg.

✅the third largest source of Foreign Portfolio Investments (FPI), Prime Minister Narendra Modi pitched for strengthening ties in areas such as financial and digital technologies.

▪️About Luxembourg

✅Luxembourg is a small European country

✅ landlocked country

✅ Bordered Belgium, France and Germany.

✅Luxembourg is one of the most important financial centres globally.

✅Several Indian companies have raised capital by issuing Global Depositary Receipts at the Luxembourg Stock Exchange.

✅Luxembourg-based investment funds hold substantial banking and asset management market share in portfolio investments in India.

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