With an aim of boosting India’s trade ties with Germany and Netherlands, the Commerce and Industry Minister Piyush Goyal will visit the two European nations from October 22-27 and discuss ways to improve trade and investments between India and these nations. During his October 22-24 visit to Germany, the minister will engage with international policymakers and global business leaders to highlight India's macroeconomic stability, manufacturing capabilities and its pivotal role in building resilient global supply chains. 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 Free Trade Agreement (FTA) negotiations.
Moreover, Goyal will be accompanied by an Indian business delegation of around 100 business leaders and entrepreneurs on his visit. Indian business delegation will have a parallel programme in Berlin, which includes sectoral roundtables with German CEOs. The roundtables will cover 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 and Invest (GTAI) on investing and establishing operations in Germany.
During 2025-26, Germany was India’s eighth largest trading partner and largest trading partner in the EU. The bilateral trade between India and Germany during the year grew by about 5% to $31 billion (exports $11.52 billion and imports $19.5 billion) with trade gap favouring Germany. Indian services exports to Germany were $10.36 billion and Indian services imports from Germany were $6.40 billion in 2025. In contrast, the two-way trade between India and the Netherlands dipped 16.2% to $23.26 billion (exports $17.5 billion and imports $5.76 billion) in 2025-26. The trade gap is in the favour of India. The Netherlands is India's eleventh largest trading partner in the world and third largest export destination globally and the largest in Europe.