India Offers Vast Opportunities for German Companies, Says Piyush Goyal
Piyush Goyal highlights investment and innovation prospects for German firms in India during meetings in Berlin.
Berlin, October 23 (Daily Kiran) : Central Commerce and Industry Minister Piyush Goyal emphasized the immense potential for investment, manufacturing, and innovation that India presents to German companies during his meetings in Berlin. He stated that there is a golden opportunity to forge a robust economic partnership based on trust, competitiveness, and complementary capabilities between India and the European Union.
In a post on the social media platform X, Goyal shared details of his meeting with Fresenius Group CEO Michael Sen. They discussed enhancing collaboration in India’s rapidly growing healthcare sector, focusing on the demand for quality and affordable medical services, as well as the country’s strong manufacturing capabilities.
Goyal noted that German companies can leverage India’s skilled workforce and world-class production capacity to meet both Indian and global market needs. He wrote, “I had a meaningful meeting with Mr. Michael Sen of Fresenius Group. We explored opportunities to deepen collaboration in the healthcare sector by capitalizing on India’s expanding healthcare industry, rising demand for quality and affordable medical solutions, and robust manufacturing capabilities.”
Additionally, Goyal engaged in significant discussions with Stephan Oelrich, President of Bayer’s Pharmaceuticals Division. They explored Bayer’s expansion plans in India and the potential for increased investment, innovation, and collaboration in the country’s rapidly evolving healthcare sector.
The minister also met with Murat Akayildiz, Global General Partner of Noff Group, to discuss strengthening cooperation in manufacturing expansion, sustainable building materials, and infrastructure development in India. This collaboration aligns with the rapid urbanization and economic transformation occurring in the country.
Earlier, Goyal attended the inauguration of the India Center at the German Council on Foreign Relations (DGAP), where he was joined by Germany’s Federal Minister for Economic Affairs and Energy, Katharina Reiche. In his address, Goyal highlighted that the center symbolizes the strengthening ties between India and Germany and their commitment to deepening cooperation.
He remarked, “Our complementary strengths provide a solid foundation for achieving ambitious economic goals. The India-EU free trade agreement will further accelerate this partnership.” Goyal also called for industries and investors from both nations to explore new collaborative opportunities for mutual growth and prosperity.
During a business leaders’ roundtable hosted by ESMT Berlin, Goyal conversed with CEOs and representatives from various major companies. He expressed confidence that the trade and economic partnership between India and Germany will reach new heights in the coming years.
