We hope the year has started-off well and shall bring more success to your business.

2024 is one of the most transformative years in the last 10 years with high expectations amidst the global upheavals. The supply chain equations are rapidly changing with new pivots of transformation emerging. India is one such destination with amazing Infrastructure development over the last 7 years and a series of global initiatives taken including the creation of India Europe Economic Corridor. EU India Free Trade Agreement is already on a fast track after the visit of President Emmanuel Macron to New Delhi to join India’s 75th Republic Day celebrations on January 26. The positive impact of these developments is bound to reach to the companies operating out of Luxembourg. IBCL is committed to help Luxembourg companies take advantages of the changes.

IBCL has drawn up plans for 2024 to help its member navigate such changes. We started off the year with an informative and engaging discussion on Taxation and related regulatory regime currently operational between India and Luxembourg. Our next event shall be on February 26 in partnership with ArcelorMittal where IBCL shall host the business delegation from International Financial Services Centres Authority (IFSCA), Gujarat International Finance Tec-City, Gujarat to hold a roadshow in Luxembourg.

Thereafter on March 26, IBCL shall celebrate its 15th Anniversary at Deloitte with the event titled – ‘Luxembourg 2030 Kaleidoscope – reflections and prediction.’

The program shall reflect on the upcoming new policies, programs and how Luxembourg would fit in the fast-evolving Europe. How the changes shall shape the foreign trade relations. Top Minister(s) from the government of Luxembourg shall be invited to address the sessions. Strategic thinkers from the corporates shall present their views and engage in panel discussions with the Presidents of the leading Chamber of Commerce, namely AMCHAM and the association of financial services.

In parallel, IBCL is organizing three focused Mission Delegation visits to India as follows:

IBCL President, Aditya Sharma shall address industry or trade session at each of the above. Delegates attending the event under IBCL umbrella shall enjoy waiver of the registration fees. Travel and stay need to be borne by respective attendees. More about the events on the IBCL website and on the separate communications being sent out from the President’s office. We shall have an equally busy post-summer 2024 as well. Plans are being chalked out.

Looking back, 2023 was a very successful year with focused yet unique events as listed below:

Dear Members,

With two engrossing events over the last three months, IBCL extends its greetings to all on the onset of Summer!

Our upcoming programs for Q3-Q4, 2023 are:

Please keep on visiting our website and our social media handles for updates on our upcoming events and business news from Luxembourg – India.

Wish you a good Summer ahead with friends!

Dear Patrons,

Greetings of 2023!

Hope the year brings you success, happiness, and good health.

Indian Business Chamber of Luxembourg is taking up an extended role in 2023 to help members expand their business outreach in India and to create an enabling environment for new business partnerships to flourish. This role will require us to make additional investments, of which we request our members to take maximum benefits.

Greetings of 2023! Hope the year brings you success, happiness, and good health.

Year of Consolidation 2022, and Expanded Role in 2023

Year 2022 has been a year of consolidation for us with gaining Bilateral Accreditation Recognition from the Chamber of Commerce. This recognition shall allow us to carry out projects with financial support from the Chamber of Commerce.

More about this shall be discussed in our upcoming meet on January 12, 2023, from 18h15 at SEED, 5 rue Chimay, L-1333 Luxembourg, Phone +352 26 20 13 75.

A trade delegation shall be led by me to India during February 10-18, 2023. The details of the same have already been sent as an invitation on January 10, 2023. More such field visits are in the offing.

Our usual model of holding conferences to build knowledge around the core issues shall continue. Members are welcome to spread awareness about their business presence by hosting one or more of such events on their premises with a capacity to accommodate 30 or more attendees. They shall have the flexibility to bring speakers and set the theme of discussion. Media coverage shall be organized by IBCL.

Where requested, IBCL shall come forward to co-share the direct costs of hosting such events. We invite expressions of interest from six Corporates, including non-members. Those interested in hosting such events, please write to aditya@ibcl.lu by February 15, 2023. Selection shall be made on a first-come-first-served basis.

Our 14th Anniversary shall be celebrated in mid-April 2023 with the launch of an international conference titled ‘Luxembourg Dialogues,’ where a delegation of businesspersons from India and speakers from the Benelux region would participate.

IBCL is inviting subject matter experts with 10 years or more of experience in a domain of interest to form, lead, or join a committee in their interest areas. IBCL shall offer logistics support and cover expenses. The leader of the selected Committee shall gain benefits of being an individual member. Each Committee shall be expected to hold one event of two hours every six months. The role of the Chairperson shall rotate every year to other members of the Committee.

Starting from January 1, 2023, IBCL has a physical representation in India through a former CEO (India) of a leading Luxembourg-based company with decades of profitable presence in India.

Corporate and SME Members could authorize IBCL India Head to represent them in business development talks or in carrying out preliminary due diligence on a complementary basis for 2 hours per quarter by bearing the budgeted travel and stay costs in advance. Additional hours could be made available at Euro 125 per hour. The India Head shall meet and guide the business delegation during their India visit, especially from February 10 to 16, 2023.

We shall bring out a quarterly newsletter providing exclusive curated coverage on the business and geopolitical developments in the industry sectors in which our members operate. Members are welcome to suggest topics of interest or contribute articles. We are in talks with international business publication houses to source content.

Our website is undergoing a revamp with a new look and additional features such as promotion of one’s offering, online payment, instant registration, access to speaker’s presentations, and more.

After two years of concessional rates to help our members, we are reverting to full fees. We are hopeful of strong support from our members. The renewal rates for 2023 are:

In case any member requests extended help for 2023, our Board shall consider it on a case-to-case basis, favorably. Such requests should be addressed to The President, aditya@ibcl.lu, and be made by January 31, 2023. All such requests will be dealt with confidentially without any loss in membership amenities.

We would appreciate payment by February 15, 2023. In case any member needs an extended timeline, please make such a request to radhika@ibcl.lu before January 31, 2023. IBCL would be glad to stand by its members.

With warm regards,

IBCL, under its President Aditya Sharma, shall take a delegation to India to attend the following events:

The flight fare, stay, and local conveyance shall be borne by delegates. Meals during the Summit days shall be hosted by the organizers. No RT-PCR test or vaccination certificate is required for travelers originating their journey from Europe.

The offer is open to paid Members for 2023. Those interested in joining should transfer Euro 90 per delegate (non-refundable) to IBCL by January 24, 2023. The bank account details are:

Indian Business Chamber of Luxembourg
LU03 0030 6733 4505 0000
BGL BNP Paribas
BGLLLULL

In the narration, please mention: Delegation <name>; <email id>

We look forward to your participation.

Dear Members and Patrons,

IBCL wishes you a Merry Christmas!

India-Luxembourg business relations are reaching new heights with Prime Minister Xavier Bettel attending the 10th edition of Vibrant Gujarat Global Summit from January 10-12, 2022, which will be inaugurated by Narendra Modi, Prime Minister of India.

The relations between the Benelux region and the State of Gujarat date back to the 7th century and continue today with the Netherlands and Belgium. Luxembourg is now poised to join this longstanding tradition.

Indian Business Chamber of Luxembourg is proud to recall that in September 2010, IBCL hosted the delegates of the 5th edition of Vibrant Gujarat in Luxembourg. We held a conference on Gujarat with the Ministry of Economy and took the delegates to the Integrated BioBank of Luxembourg, ArcelorMittal, Eupramat, and the Luxembourg Stock Exchange.

In 2017, during the 8th edition of Vibrant Gujarat, Luxembourg was felicitated by Gujarat’s leading corporate, Adani Group, and Gujarat Chamber of Commerce through IBCL Board Member, Aditya Sharma. A few memorable moments from 2017 are attached below.

To consolidate these positive vibes into business opportunities, IBCL shall organize an exclusive event on the Prime Ministerial Level Summits held between India and Luxembourg in the last 18 months. As per IMF, India’s GDP is expected to grow 9.5% in 2021 and 8.5% in 2022 with several opportunities for Luxembourg to participate.

So, stay tuned as exciting days unfold. We wish you a nice conclusion of 2021, and a great start to 2022.

Enjoy the festive days!