INDIA GERMANY ECONOMIC TIES
India-US trade deal enters fine-tuning stage as most talks conclude, says Piyush Goyal
India and the US are refining their bilateral trade agreement after concluding most discussions on the deal. Commerce Minister Piyush Goyal indicated significant progress has been made towards finalizing the agreement. Recent talks have involved high-level meetings between officials from both nations, focusing on tariff reductions and trade frameworks. Goyal is currently leading a significant delegation to the Netherlands and Germany to promote bilateral business ties.
India’s ‘dear friend’ is back in power in Brazil, and a $30 billion trade opportunity is on the table
Prime Minister Narendra Modi congratulated Brazilian President-elect Luiz Inácio Lula da Silva on his re-election, pledging to deepen the India-Brazil Strategic Partnership. Bilateral trade rose 25% to $15.21 billion in 2025, with Lula setting a target of $30 billion.
China says its troops conducted ‘normal patrols’ along border with India, abided by agreements
Chinese foreign ministry responded to India's remarks on military disturbance at border, saying Beijing always 'strictly abide' by relevant agreement.
Indian diaspora holds 'Bharat First' gathering in Munich, calls for respect of democratic mandate
The gathering on Saturday brought together Indian professionals, students and families from across Germany. Participants called for respect for the mandate of 1.4 billion Indians and the government led by Prime Minister Narendra Modi.
India, Uzbekistan discuss bilateral ties during foreign minister Jaishankar's Azerbaijan visit
External Affairs Minister S Jaishankar met Uzbek Foreign Minister Bakhtiyor Saidov in Azerbaijan’s Baku to discuss bilateral issues and stress the timely implementation of agreements reached at the highest level. The meeting follows Prime Minister Narendra Modi’s August visit to Uzbekistan, during which the two countries upgraded ties to a comprehensive strategic partnership and set a $5 billion bilateral trade target.
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‘Come, work and serve in India’: Industry minister Piyush Goyal calls for stronger research ecosystem to attract Indian talent back home
Piyush Goyal highlighted the importance of enhancing industry-academia partnerships during his address in Berlin. He emphasized the need for better research facilities to support Indian talent abroad. Goyal discussed various sectors, including semiconductors and quantum computing, where collaboration can occur. German companies increasingly view India as a key partner for innovation and manufacturing. His visit aims to strengthen India's technological cooperation with European nations for future development.
Piyush Goyal asks ministry to identify AI-proof jobs, eyes handlooms, handicrafts and tourism, says India can lead in traditional sectors
Union Minister Piyush Goyal is guiding efforts to identify AI-proof professions that leverage India's skilled labor force. He emphasized the nation’s strengths in sectors like handlooms, handicrafts, and tourism. Goyal plans to attract Indian scientists and engineers from overseas to contribute to India’s growth. Discussions are ongoing regarding how to create a supportive ecosystem that encourages talent to return home.
Union Minister Piyush Goyal interacts with Indian diaspora in Germany, lauds contribution to 'Karmabhoomi'
Union Minister of Commerce and Industry Piyush Goyal held an insightful interaction with members of the Indian diaspora in Germany, lauding their invaluable contributions to their adopted homeland while calling upon them to actively participate in India's rapid economic growth journey.
India is not living in isolation, says Piyush Goyal, as India-EU FTA and several trade pacts pave the way for German R&D
Piyush Goyal emphasized the importance of collaboration between Indian and German research institutes during his visit. He highlighted the potential for co-development and co-innovation under the India-EU free trade agreement. Goyal encouraged the institutes to connect research with industry in order to support manufacturing in India. The minister also mentioned India's extensive trade agreements that will boost global market access.
India to remain strict on quality: Industry minister Piyush Goyal
India's Commerce Minister Piyush Goyal emphasised a strict stance on quality and environmental regulations. He noted that many companies are eager to invest in India across various sectors. Goyal mentioned India's advantages in decarbonisation amidst competition from Europe’s carbon border adjustment mechanism. Discussions on free trade agreements indicate significant potential for job creation in India.
India's exports to Germany could cross $50 billion by 2030: ASSOCHAM
ASSOCHAM said the potential for expanding market access, investment and business partnerships between India and Germany. It said the two countries could use their respective strengths in manufacturing, technology and innovation to deepen economic ties and create new growth opportunities.
Trump declares wind turbine imports as threat to national security; India among top suppliers
US President Donald Trump recently declared that imports of wind turbines pose a threat to national security. The declaration followed a Commerce Department investigation focusing on cybersecurity issues related to foreign-made equipment. Trump cited concerns regarding foreign reliance and interruptions to radar systems and air traffic operations. Instead of imposing immediate tariffs, he directed trade officials to negotiate with partners.
'The problem was caused by you': Commerce Minister Piyush Goyal calls out Europe over carbon emissions
Union Commerce Minister Piyush Goyal said India accounts for less than 3% of global carbon emissions despite representing 17% of the world's population. Speaking in Berlin, he said Europe's per capita emissions and environmental impact were seven to eight times higher than India's.
India-Germany trade can surge 10-fold, says Piyush Goyal
India-Germany bilateral trade is expected to increase significantly, with aims of reaching 310 billion from 31 billion. Both countries are focused on co-creating and leveraging their complementary strengths for economic growth. The India-EU free trade agreement is anticipated to be signed soon and will facilitate mutual benefits. Minister Piyush Goyal emphasized the importance of trust and cooperation between the nations.
India-EU trade deal could become operational in early-2027, Piyush Goyal says
India's trade minister Piyush Goyal announced that the EU FTA is expected to be signed soon. After signing, the FTA could be operational within four to five months. The deal aims to boost market access and bilateral trade between India and the EU significantly. Goyal emphasized the importance of collaboration in various sectors to maximize mutual benefits.
India-US ties: Rubio says closer economic, energy cooperation benefits both nations
US State Secretary Marco Rubio concluded his visit to India, focusing on strengthening economic and strategic ties. He held discussions with External Affairs Minister S Jaishankar about a proposed bilateral trade agreement between both nations. Energy cooperation was also a key topic, including India's imports of Russian petroleum and increasing energy purchases from the US.
Domestic cos need strategic approach to tap India-Europe FTA gains: FICCI
Indian companies must adopt a strategic approach to fully leverage the European free trade agreement benefits, as tariff concessions alone may not suffice. The focus should be on product quality, market penetration, and building significant relationships with European buyers. Compliance with European standards will be crucial for export success, particularly for small enterprises.
Piyush Goyal to explore trade, investment avenues in Germany & Netherlands
Commerce and industry minister Piyush Goyal is set to visit Germany and the Netherlands for trade engagements. He will participate in the Berlin Global Dialogue and meet various government officials in Germany. The focus will be on technological cooperation, clean technology, and the India-EU FTA negotiations. In the Netherlands, Goyal will hold ministerial meetings to explore expanded trade channels and green transition initiatives.
US targets $500 billion India trade in 3 years, up from record $240 billion, Sergio Gor says
The United States plans to increase bilateral trade with India to over USD 500 billion in three years. This trade target comes after reaching a record USD 240 billion, highlighting growing economic ties. Collaboration will focus on sectors like semiconductors, energy, and defense to foster mutual interests. Recent diplomatic engagements have already begun shaping a strategic alignment for both nations.
India presents a compelling investment proposition for German firms, FICCI says
Indian industry is poised for growth as German companies are encouraged to invest in manufacturing capacities. The upcoming India-European Union free trade agreement aims to strengthen trade ties and foster economic partnerships. Opportunities exist in sectors such as automotive technologies and renewable energy as urbanisation and incomes rise. The bilateral trade has seen an increase, highlighting the growing economic relationship.
Gulf situation a matter of deep concern: EAM Jaishankar in talks with UAE peer
S Jaishankar met with Sheikh Abdullah bin Zayed Al Nahyan to discuss the concerning situation in West Asia. They discussed potential US actions against Iran and the Houthi attacks in Saudi Arabia. Jaishankar expressed India's commitment to promoting dialogue and diplomacy in the region. The two leaders highlighted the successful Comprehensive Economic Partnership Agreement between India and the UAE.
As France erupts, Europe's far right gains from fuel-price anger ahead of elections
The tractors rolling into the town of Gela on the southern tip of Europe are flying the Sicilian flag, emblazoned with Medusa, three bent legs and ears of wheat, a reminder of the island's role as a breadbasket
It's a matter of 'deep concern': Jaishankar on situation in West Asia
India's External Affairs Minister S Jaishankar met with UAE's Sheikh Abdullah bin Zayed Al Nahyan to discuss regional stability. Jaishankar expressed concerns about the situation in West Asia while emphasizing the importance of dialogue. The Comprehensive Economic Partnership Agreement has enhanced trade relations between India and the UAE significantly. Bilateral trade has surpassed $100 billion, fostering further partnerships in various sectors.
Germany's Merz touts defence, AI and chip investment drive in pitch to investors
Germany aims to quadruple its artificial intelligence computing capacity by 2030 as part of a broader push to strengthen technological competitiveness, he added.
India-New Zealand FTA to kick in October 20, opening market opportunities for exporters
The India-New Zealand Free Trade Agreement will come into effect on October 20, enhancing trade for both nations. New Zealand expects increased demand for its agricultural products, particularly kiwifruit, honey, and apples, in India. The agreement includes provisions to ensure tariff-free access for Indian goods in New Zealand's market. Both countries aim to strengthen economic ties and improve productivity in agricultural sectors.
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