Hyderabad, Jan 10 : Former Prime Minister of Belgium Yves Leterme has said that the collaboration between the European Union and India can elevate Indian unicorn and enhance digital competition.

"The EU, India, and the US are the biggest democracies in the world. The new rising power India is a democracy that protects its values while addressing the global challenges and well-balanced multinational institutions and Sustainable Development Goals agenda and Woxsen is forging a generation of future that holds these principles,” he said.

He said that the first stage of EU-India cooperation is to collaborate and connect to promote good incentives and learn about each other.

“The connectivity partnership has decided to boost the collective efforts between the EU and India with transport as the number one priority – with some added value to invest in infrastructural links for transporting energy goods and water,” he said.

He said that the second priority is setting up an ecosystem for energy consumption.

“We need a lot of innovation and investment to use the resources efficiently. The third is the digital domain. We must join forces in the digital world because the EU needs natural resources in free market competition,” he said.

He said that EU and India cooperation can promote Indian unicorns and build more competition in the digital world using cutting-edge technology.