India-Germany Trade Talks: Piyush Goyal Spurs Industrial Ties

The fast pace of manufacturing development, infrastructure development, and clean energy in India is attracting international industry leaders to consider more serious cooperation, which Union Minister of Commerce and Industry Piyush Goyal emphasized in recent high-level meetings.

On Friday, Goyal met Morten Wierod, CEO of ABB Group, and formulated the large possibilities India has in the field of engineering and digitalization. In a post on X, he said, "Met Mr. Morten Wierod, CEO, ABB Group. Shared how India's rapid strides in manufacturing, infrastructure, and clean energy present vast opportunities for the group to deepen its partnership with our growth story, by leveraging its engineering and digitalisation expertise."

In parallel, Goyal engaged with Bernard Mensah, President of International for Bank of America, to discuss India-US financial cooperation. "Met Mr. Bernard Mensah, President of International for Bank of America. Discussed ways to deepen India-US financial cooperation, expand investment and how ongoing reforms and a conducive business environment are strengthening investor confidence in India," he noted.

Also Read: Advancing India’s Manufacturing Realm Toward Global Resilience

Further advancing international trade prospects, Goyal met EU Commissioner Valdis Dombrovskis in Berlin to review India-EU Free Trade Agreement negotiations. "Delighted to meet my friend Valdis Dombrovskis, EU Commissioner for Economy and Productivity, and for Implementation and Simplification, over lunch in Berlin. We discussed the significant progress in the India-EU Free Trade Agreement negotiations and our commitment to resolving outstanding issues for a balanced and mutually beneficial trade deal," Goyal shared.

Earlier, Goyal also met Rene Obermann, Chairman of Airbus, who expressed confidence in India’s growth trajectory. "Wonderful meeting with Rene Obermann, Chairman of the Board of Directors, Airbus. Delighted to hear his confidence in India's growth story. We discussed how Airbus plans to further strengthen its partnership with India by leveraging the country's remarkable engineering and technological talent, forward-looking policy initiatives, and improved Ease of Doing Business," he said.