Following his high-level engagements at the German Federal Ministry for Economic Affairs and Energy and the Federal Chancellery on 23 October 2025, Union Minister of Commerce & Industry, Shri Piyush Goyal, met Deputy Prime Minister & Minister of Foreign Affairs and Trade of Luxembourg, Mr. Xavier Bettel. Both leaders 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.

Shri 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.

Later today, Shri 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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Abhishek Dayal/ Abhijith Narayanan/ Ishita Biswas

India-Luxembourg-Germany trade ties: ministers and business leaders seek deeper collaboration in defence, energy, tech, and mobility. Ministerial and business meetings reviewed progress in bilateral economic relations and explored measures to strengthen trade and investment ties ahead of a State Visit, with targeted collaboration opportunities identified in defence, energy, emerging technologies and mobility; industry leaders signalled optimism about doing business in India and the minister will continue engagement at a global trade panel.