📷 Image: Wikimedia Commons / Ministry of Commerce and Industry (India)
Business
India’s Commerce Minister Piyush Goyal Aims for Tenfold Boost in India‑Germany Trade
✍️ Business Standard
🗓 06 Nov 2026, 03:17 AM
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Commerce Minister Piyush Goyal has announced an ambitious plan to increase bilateral trade between India and Germany by ten times, aiming to boost exports, investment, and technology exchange.
Piyush Goyal, India’s Commerce Minister, has set a target to increase bilateral trade with Germany by ten times.
The announcement reflects India’s broader strategy to deepen ties with European partners and diversify its trade portfolio.
Goyal said the target will be pursued through a mix of policy measures, trade facilitation and investment promotion, with the aim of boosting exports, attracting German investment and fostering technology collaboration.
Germany remains one of India’s largest trading partners in Europe, and the target is expected to create new opportunities for Indian exporters and German investors.
The Commerce Ministry will monitor progress and work with relevant stakeholders to achieve the goal.
The announcement reflects India’s broader strategy to deepen ties with European partners and diversify its trade portfolio.
Goyal said the target will be pursued through a mix of policy measures, trade facilitation and investment promotion, with the aim of boosting exports, attracting German investment and fostering technology collaboration.
Germany remains one of India’s largest trading partners in Europe, and the target is expected to create new opportunities for Indian exporters and German investors.
The Commerce Ministry will monitor progress and work with relevant stakeholders to achieve the goal.