Union Minister Piyush Goyal stated in Berlin that India is opening its doors to global trade. He emphasized India's commitment to strengthening supply chains through trade agreements with the global community, as well as promoting the exchange of goods, services, and ideas. Furthermore, he highlighted the necessity of partnerships in the fields of industry, education, and research.
In Berlin, Germany, Piyush Goyal noted that India has concluded several trade agreements with various countries, which will simplify doing business with other nations. He also indicated that the realization of these goals requires joint participation from the government, industrial enterprises, educational institutions, and researchers. Goyal stressed that India is developing confidently, stating: 'Today India is not isolating itself, but has opened its doors to global trade.'
He particularly emphasized the importance of cooperation between scientists, the education sector, and industry. Regarding the role of the government, Goyal clarified that it can act as a catalyst, but the development of the educational and research sectors must be carried out by those sectors themselves.
Piyush Goyal also mentioned the strong ties between India and Germany. He pointed out numerous opportunities to strengthen cooperation between the two countries in the areas of trade, technology, and research. Discussing the Free Trade Agreement between India and the European Union (EU), he invited German companies to engage in joint production of new products, development of new technologies, and expansion of business in India.
Goyal reported that thanks to existing free trade agreements, India can gain access to its vast market. He added that these agreements already cover two-thirds of global markets, and within the next one to one and a half years, they will cover 75% of the world's GDP.
The minister also touched upon the contribution of German institutes to applied and fundamental research. He noted a unique characteristic of Germany—its ability to create a bridge from the laboratory to the factory. Goyal made it clear that India aims to learn from Germany in this regard.
