Piyush Goyal wraps up Germany visit with talks on trade and technology
India's commerce minister held high-level talks in Berlin on trade, investment and technology. Bilateral trade reached $31.03 billion in FY2025-26, per government data.
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what happened
Union Commerce and Industry Minister Piyush Goyal ended a two-day official visit to Germany after a series of high-level meetings in Berlin. The talks focused on trade, investment, advanced manufacturing, research and emerging technologies. According to the ministry, on October 23 he met senior German officials, business leaders, research institutions and members of the Indian diaspora.
Among his counterparts were Siemens Healthineers CEO Bernd Montag, Bertelsmann board member Carsten Coesfeld, and Holger Peters, who serves as CFO of Volkswagen and CEO of Škoda Auto. Goyal also joined a roundtable with leading German industrial research bodies and heads of selected Fraunhofer Institutes. Topics included microelectronics, power electronics, logistics, smart manufacturing and battery technologies.
According to government data, India's bilateral trade with Germany totalled $31.03 billion in FY2025-26, while Indian exports to the country rose 8.44% year on year. The information is attributed to Moody's.
why it matters
For markets, the news is mainly diplomatic: the visit strengthens trade and investment ties between India and Germany, but the text points to no direct effect on currency or equity markets. Export growth faster than the previous year may interest investors tracking Indian exporters and the rupee.
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- Piyush Goyal concludes two-day Germany visit, holds high-level talks to boost trade, investment and technology ties — Moody's, 24 October 2026 at 11:34 UTC
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