India-Germany
Piyush Goyal, Xavier Bettel review progress in India-Germany economic relations
Following his high-level engagements at the German Federal Ministry for Economic Affairs and Energy and the Federal Chancellery on Thursday, Union Minister of Commerce & Industry, Piyush Goyal, met Deputy Prime Minister & Minister of Foreign Affairs and Trade of Luxembourg, Xavier Bettel, when they reviewed the progress in economic relations and explored further avenues to strengthen bilateral trade and business relations.
"They also discussed the upcoming State Visit to India as well as regional and global developments," read an Indian government statement.
Delighted to meet H.E. Mr. @Xavier_Bettel, Deputy Prime Minister and Minister for Foreign Affairs, Trade & Cooperation, Luxembourg.
— Piyush Goyal (@PiyushGoyal) October 23, 2025
We discussed avenues to strengthen trade ties between India & Luxembourg, building on existing strengths and exploring new opportunities that… pic.twitter.com/k7HwFsQkAL
Goyal also held one-on-one discussions with CEOs of leading German companies.
He met with Jochen Hanebeck, CEO, Infineon Technologies AG, Klaus Rosenfeld, CEO, Schaeffler Group, Michael Masur, CEO, Renk Vehicle Mobility, Martin Herrenknecht, CEO, Herrenknecht AG, Tobias Bischof-Niemz, Board Member, Enertrag and Ola Kaellenius, CEO, Mercedes-Benz.
The discussions focused on synergies and prospects for increased collaborations between Indian and German companies, especially in critical sectors like defence, energy, emerging technologies and mobility.
The business leaders reiterated their optimistic outlook on doing business in India and the intent to further strengthen their economic partnerships.
Goyal will join a high-level panel on global trade at Berlin Global Dialogue and will continue his engagements with leaders of German businesses and industry associations.
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