In this paper, we try to discuss the potential opportunities for cooperation between India and Finland. Finland is a developed economy and it is technologically among the most advanced. In terms of the Growth Competitiveness index estimated periodically by the World Economic Forum, Finland was ranked the highest among all countries in the year 2007. The United States is in second position and India is 56th. The per capita income of Finland was estimated at US$ 36000 in 2007.The differences in technological standards, incomes, and infrastructure between the two economies are sharp .However, the pace of growth in the Indian economy and the need for technology and investment to sustain the growth requires that India look for cooperation and trade with developed and developing economies. In turn, India offers a large and growing market for producers in the other economies and it also offers a huge labour force and hence investment opportunities.