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India will not sign any trade deal in a hurry, says Piyush Goyal
The Economic Times· 2025-10-24 07:56
Group 1 - India will reject trade conditions from partner countries that limit its trading choices, as stated by Trade Minister Piyush Goyal during negotiations for a free trade agreement with the European Union, with ongoing differences over market access, environmental standards, and rules of origin [1][7] - India's trade discussions with the United States are ongoing, where the U.S. has imposed a 50% tariff on Indian exports, indicating a cautious approach from New Delhi [1][7] - The EU, UK, and US are urging India to reduce imports of discounted Russian crude oil, which they argue supports Russia's military efforts in Ukraine, while India defends its energy purchases as vital for energy security [3][7] Group 2 - Goyal met with Luxembourg's Deputy Prime Minister and Minister of Foreign Affairs and Trade, Xavier Bettel, to review economic relations and explore ways to enhance bilateral trade [5][7] - Discussions included Luxembourg's upcoming state visit to India and various regional and global developments [5][7] - Goyal engaged in one-on-one discussions with CEOs of major German companies, focusing on potential collaborations in critical sectors such as defense, energy, emerging technologies, and mobility [6][7]
India-German ties: Piyush Goyal meets top business leaders in Berlin; strengthening trade on agenda
The Times Of India· 2025-10-24 06:03
Group 1 - Piyush Goyal's official visit to Berlin from October 23 aims to deepen India's economic engagement with Germany [2][5] - Discussions with Klaus Rosenfeld, CEO of Schaeffler AG, focused on collaborations in the automotive, AI, and advanced manufacturing sectors [2][5] - Meetings with Martin Herrenknecht, CEO of Herrenknecht AG, revolved around the company's growth plans in India and infrastructure development through local operations and technology partnerships [3][5] - Engagements with Tobias Bischof-Niemz from ENERTRAG addressed India's clean energy transition and sustainable development goals [3][5] - Investment opportunities in India's defense industry were explored with Michael Masur, CEO of RENK GmbH, focusing on engineering, digitization, and intelligence solutions [3][5] - Cooperation in the semiconductor and decarbonization fields was discussed with Jochen Hanebeck, CEO of Infineon Technologies AG [4][5] - The meeting with Ola Kallenius, CEO of Mercedes-Benz Group, centered on growth strategies and innovation in the automotive sector [4][6] Group 2 - Goyal's discussions with Luxembourg's Deputy Prime Minister, Xavier Bettel, aimed at enhancing trade relations between India and Luxembourg [4][6] - The visit coincides with the 25th anniversary of the India-Germany Strategic Partnership, marking a significant milestone in bilateral relations [4][6] - The series of meetings are intended to facilitate high-impact dialogue with industry leaders and government officials from both nations [4][6]
Piyush Goyal holds meetings with German business leaders to discuss investment opportunities in various sectors
The Economic Times· 2025-10-24 03:10
Group 1: Economic Engagement with Germany - The official visit of India's Minister of Commerce and Industry, Piyush Goyal, to Berlin from October 23 aims to deepen economic engagement between India and Germany [1][8] - The year 2025 marks the 25th anniversary of the India-Germany Strategic Partnership, emphasizing the long-standing strength of bilateral relations [7][9] Group 2: Meetings with Business Leaders - Goyal met Klaus Rosenfeld, CEO of Schaeffler AG, to discuss collaborations in the automotive, AI, and advanced manufacturing sectors, focusing on India's growth opportunities [2][8] - Discussions with Martin Herrenknecht, Founder and CEO of Herrenknecht AG, centered on the company's growth plans in India and its role in the infrastructure sector [8] - Collaboration opportunities in India's clean energy journey were explored during a meeting with Tobias Bischof-Niemz, Member of the Management Board of ENERTRAG [5][8] - Investment opportunities in India's defense sector were discussed with Michael Masur, CEO of the Vehicle Mobility Solutions Division at RENK GmbH [8][9] - Potential collaborations in the semiconductor and decarbonization sectors were exchanged with Jochen Hanebeck, CEO of Infineon Technologies AG [9] - The meeting with Ola Kallenius, CEO of Mercedes-Benz Group, focused on the company's operations and expansion plans in India, particularly in fostering innovation and sustainable growth in the automotive industry [9] Group 3: Strengthening Trade Ties - Goyal met HE Xavier Bettel, Deputy Prime Minister and Minister for Foreign Affairs, Trade and Cooperation of Luxembourg, to discuss strengthening trade ties between India and Luxembourg [6][9]
India-Germany ties: Piyush Goyal to visit Berlin on 25 years of Strategic Partnership; trade, investment on agenda
The Times Of India· 2025-10-22 12:16
Group 1 - The visit of Union Commerce and Industry Minister Piyush Goyal to Berlin aims to deepen bilateral economic ties between India and Germany, facilitating high-impact interactions with senior officials and industry leaders [1][3] - Discussions during the visit will focus on enhancing trade and investment cooperation, exploring new avenues for strategic economic partnership between India and Germany [1][3] - Goyal will engage with Luxembourg's Deputy Prime Minister to discuss strengthening bilateral trade relations and key international issues [1][3] Group 2 - Goyal will participate as a speaker at the third Berlin Global Dialogue, focusing on strategies for nations and businesses to navigate the evolving global trade landscape [2][3] - A key highlight of the visit includes one-on-one meetings with CEOs of major German companies such as Schaeffler Group, Infineon Technologies AG, and Mercedes-Benz Group AG [2][5] - The interactions aim to explore synergies, facilitate investments, and promote stronger business-to-business linkages, particularly in sectors aligned with sustainability and advanced manufacturing [2][5]
Piyush Goyal to visit Berlin on October 23, trade partnership and key CEOs meet in focus
The Economic Times· 2025-10-22 11:14
Group 1 - The official visit of India's Union Minister of Commerce & Industry, Piyush Goyal, to Berlin aims to facilitate high-impact interactions with senior government officials, industry leaders, and business associations in both countries [5] - Goyal will participate as a speaker at the third Berlin Global Dialogue (BGD), an annual summit focused on global economic issues [5] - A series of one-on-one meetings will be held with CEOs of leading German companies, including Schaeffler Group, Renk Vehicle Mobility Solutions, Herrenknecht AG, Infineon Technologies AG, Enertrag SE, and Mercedes-Benz Group AG [5] - The trade minister will chair a Roundtable with CEOs and leaders of German Mittelstand companies and meet representatives of the Federation of German Industries (BDI) and the Asia-Pacific Association of German Business (APA) [2][5] Group 2 - The meetings are designed to explore synergies, facilitate investments, and promote stronger business-to-business linkages, particularly in sectors aligned with sustainability, innovation, and advanced manufacturing [2] - High-level bilateral meetings will be conducted with Katherina Reiche, German Federal Minister for Economic Affairs & Energy, and Dr. Levin Holle, Economic and Financial Policy Advisor at the Federal Chancellery and Germany's G7 & G20 Sherpa [5] - Discussions will also include a meeting with Xavier Bettel, Deputy Prime Minister and Minister of Foreign Affairs and Trade of Luxembourg, focusing on strengthening bilateral trade relations and current regional developments [5]