India, Belgium, and Luxembourg Strengthen Ties in Aerospace and Innovation

New Delhi, October 30 (Daily Kiran) : India, Belgium, and Luxembourg have agreed to enhance their collaboration in aerospace, research, innovation, and higher education. This announcement was made by the Ministry of Commerce on October 30.

The 19th session of the Joint Economic Commission (JEC) of the India-Belgium-Luxembourg Economic Union (BLEU) took place in Luxembourg. The meeting focused on reviewing bilateral trade and investment relations and discussed opportunities to strengthen economic cooperation in key sectors.

The JEC was co-chaired by Commerce Secretary Rajesh Aggarwal, Philippe Wandenbulcke, the Director General for Geoeconomics and Economic Diplomacy at Belgium’s Federal Ministry of Foreign Affairs, Foreign Trade and Development Cooperation, and Henri Schumaker, the Secretary General of Luxembourg’s Ministry of Foreign and European Affairs, Defense, Development Cooperation, and Foreign Trade.

Participants engaged in extensive discussions on various sectors, including logistics—particularly air connectivity and ports—renewable energy and clean technology, financial services and fintech, digital transformation and information and communication technology (ICT), healthcare and life sciences, Ayurveda and traditional medicine, as well as agriculture and food processing.

The meeting concluded with a decision to explore possibilities for increased collaboration in aerospace, research and innovation, higher education, and skill development. They also addressed trade-related concerns, aiming to identify opportunities to enhance market access and strengthen economic ties.

The JEC session provided a platform for the three nations to exchange views on their economic priorities, review cooperation in various sectors, and explore pathways to enhance business partnerships and investment collaborations. The importance of ongoing dialogue and cooperation to further mutually beneficial economic relations among India, Belgium, and Luxembourg was emphasized.

Following the JEC session, Rajesh Aggarwal met with CEOs of companies based in Luxembourg. He highlighted India’s robust economic growth and investment potential while underscoring collaborative opportunities in financial services, advanced manufacturing, logistics, clean energy, digital technology, healthcare, and research and innovation.

The ministry’s statement encouraged Luxembourg’s companies to seek long-term investments, technology partnerships, and opportunities to engage with Indian firms to meet global supply chain needs.