Piyush Goyal to explore trade, investment avenues in Germany & Netherlands

New Delhi: Commerce and industry minister Piyush Goyal will visit Germany and the Netherlands from Thursday to explore trade and investment opportunities arising from the ongoing India-EU Free Trade Agreement (FTA) negotiations, and strengthen industrial and technological cooperation, the government said on Wednesday.

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He will be accompanied by around 100 businesses and startups. In Germany, from October 22 to 24, Goyal will participate in the Berlin Global Dialogue, engaging with international policymakers and global business leaders, the commerce and industry ministry said in a statement.

He will also meet the German economic affairs and energy minister, economic and financial policy advisor and the country's G7/G20 Sherpa on the sidelines of the event. "The meetings will focus on strengthening bilateral trade and investment corridors, accelerating technological and industrial cooperation in advanced engineering, green mobility and clean technology, and exploring market access and investment avenues arising from the ongoing India-EU FTA negotiations," the statement read. In the Netherlands, from October 25-27, Goyal will lead comprehensive government-to-government engagements in The Hague, holding bilateral ministerial meetings with ministers of economic affairs and climate and foreign trade and development cooperation to explore expanded trade channels and green transition initiatives.

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The visit will also encompass key discussions with the king's commissioner of North Holland and members of the Dutch parliament's committees on foreign trade and European affairs. The business delegation will participate in roundtables on automotive, advanced manufacturing, infrastructure and energy; information technology, artificial intelligence and services; agri-food, consumer goods and textiles; and healthcare, pharmaceuticals and wellness.

"The delegation will also participate in an India-Germany Investment Roundtable with Germany Trade & Invest on investing and establishing operations in Germany," the statement read.