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Goyal Courts German Giants for Trade & Tech
22 Oct
Summary
- Minister Goyal leads a 100-member delegation to Germany.
- Focus on clean tech, advanced engineering, and FTA.
- Bilateral trade exceeded $50 billion in FY 2023-24.
Union Minister Piyush Goyal commenced a three-day visit to Berlin on Thursday, October 22, 2026, accompanied by a nearly 100-member Indian business delegation. The delegation, comprising leaders from major industry bodies and startups, aims to explore significant trade and investment opportunities with Germany amidst global economic uncertainty.
Key engagements on the first day included inaugurating the India Centre and the Indo-German Business Forum. Minister Goyal also participated in closed-door interactions with Indian and German business leaders and the India-Germany Investment Roundtable, focusing on investment prospects and potential collaborations.
The visit's broader objective is to identify new avenues for expanding bilateral trade and investment. Discussions are set to deepen cooperation in areas like clean technology, green mobility, and advanced engineering, while also seeking opportunities from the ongoing India-European Union Free Trade Agreement negotiations.
Bilateral trade between India and Germany exceeded $50 billion in financial year 2023-24, representing approximately 25% of India's total trade with the EU. This visit builds on previous high-level engagements, aiming to further diversify commercial partnerships and promote technology transfer.
