Strengthening India-Germany Industrial Ties Through EU FTA, Says Piyush Goyal
Piyush Goyal emphasizes the importance of the EU FTA in enhancing cooperation between Indian and German industries during his visit to Germany.
New Delhi, October 22 (Daily Kiran) : Union Commerce and Industry Minister Piyush Goyal announced on Thursday that he met with Germany’s Federal Minister for Economic Affairs and Energy, Katharina Reiche, to enhance collaboration between Indian and German industries. Goyal, who is currently on an official visit to Germany, discussed opportunities in areas such as artificial intelligence, semiconductors, advanced manufacturing, critical minerals, green hydrogen, renewable energy, energy storage, and robust supply chains.
He highlighted that the India-European Union Free Trade Agreement (FTA) could be a game changer, helping businesses in both India and Germany maximize their potential.
According to an official statement released by the government, Goyal’s visit from October 22 to 27 involves representatives from around 100 businesses and startups. The trip aims to deepen India’s strategic economic partnerships, expand bilateral trade, and advance industrial and technological cooperation between the two nations.
During his time in Germany, Goyal will participate in the Berlin Global Dialogue, where he will engage with international policymakers and global business leaders. The discussions will focus on India’s economic stability, manufacturing capabilities, and the country’s role in building strong global supply chains.
In addition to the summit, Goyal has scheduled high-level bilateral meetings with Germany’s Federal Minister for Economic Affairs and Energy, as well as with economic and financial policy advisors from the Federal Chancellery and G7/G20 Sherpas. These meetings will explore ways to strengthen bilateral trade and investment, accelerate technical and industrial cooperation in advanced engineering, green transport, and clean technology, and identify market access and investment opportunities arising from ongoing India-EU FTA negotiations.
During his visit to the Netherlands, Goyal will lead extensive discussions at the government-to-government (G2G) level in The Hague. He is set to hold bilateral ministerial meetings with the Minister for Economic Affairs and Climate and the Minister for Foreign Trade and Development Cooperation to discuss new trade opportunities and initiatives related to green transition.
The trip will also include significant discussions with the King’s Commissioner of North Holland and members of the Dutch Parliament’s committees on foreign trade and European affairs.
