Piyush Goyal Pushes India-Germany Economic Cooperation

Union Minister of Commerce and Industry Piyush Goyal held a productive meeting with Katherina Reiche, Germany’s Federal Minister for Economic Affairs and Energy, to strengthen industrial cooperation between India and Germany.

Held a productive meeting with Ms. Katherina Reiche, Germany's Federal Minister for Economic Affairs and Energy (@BMWE_), to strengthen cooperation between Indian and German industries. Discussed opportunities in AI, semiconductors, advanced manufacturing, critical minerals, green hydrogen, renewable energy, energy storage, and resilient supply chains, as well as increased investment in India's industrial and digital ecosystems. We also exchanged views on how the India-EU FTA will prove to be a game-changer that would help businesses in both India and Germany realise their full potential. 🇮🇳🇩🇪

— Piyush Goyal (@PiyushGoyal) October 22, 2026

Sharing details of the meeting on social media, Goyal said the discussions focused on expanding collaboration across strategic sectors, including artificial intelligence (AI), semiconductors, advanced manufacturing, critical minerals, green hydrogen, renewable energy and energy storage.

The two sides also explored opportunities to strengthen resilient supply chains and increase investments in India’s industrial and digital ecosystems, highlighting the potential for deeper economic engagement between the two countries.

India-EU FTA to Unlock New Business Opportunities

The proposed India-European Union Free Trade Agreement (India-EU FTA) was another key focus of the discussions. Goyal and Reiche exchanged views on how the agreement could prove to be a game-changer for businesses in both India and Germany.

The trade pact is expected to create new opportunities for market access, investment, industrial partnerships and business expansion, helping companies in both countries realise their full potential.

The meeting highlights India's efforts to deepen economic partnerships with Germany, one of its key European partners, while promoting investment, technological innovation and industrial development.

With emerging technologies, clean energy and advanced manufacturing gaining importance in bilateral engagement, India and Germany are looking to strengthen cooperation and build more resilient and future-ready industrial ecosystems.