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Goyal calls for stronger India-Germany trade ties, targets 310 billion euros in bilateral trade
Oct-23-2026

Seeking a major boost in economic ties, Union Commerce and Industry Minister Piyush Goyal has called for India-Germany bilateral trade to rise from around 31.5 billion euros to 310 billion euros, underlining the need for deeper industrial collaboration, investment and technology partnerships.

He noted that the two countries could leverage their respective strengths to enhance supply chain and create new economic opportunities amid global uncertainty. Outlining the areas that could drive bilateral cooperation, he said ‘Germany's precision engineering, your Mittelstand's commitment to quality with Indian infrastructure, our desire to upgrade Indian infrastructure, our digital capabilities, our youthful, skilled, and talented people.’

He said the proposed 310-billion-euro trade ambition would require businesses on both countries to identify key sectors, assess comparative advantages and develop concrete plans. He did not specify a timeline for achieving the target, leaving it to businesses to determine the roadmap.

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