Defense Business and Industry

Piyush Goyal emphasizes India's investment potential in talks with Airbus chairman in Berlin.

During his recent visit to Berlin, Union Minister Piyush Goyal engaged in high-level discussions aimed at strengthening India’s global trade ties, particularly with key European firms such as Airbus and ABB. Highlighting India’s robust investment landscape, Goyal underscored the nation’s manufacturing momentum, clean energy initiatives, and economic reforms, which he stated position India as a prime destination for foreign investment. His meetings, including discussions with Bank of America’s Bernard Mensah, focused on enhancing India-US financial cooperation and attracting investments through transparent regulations. Goyal emphasized that India would not rush into trade agreements with the United States, advocating for long-term, trust-based partnerships rather than hastily arranged deals. He reiterated India’s commitment to maintaining strategic autonomy and independent trade relations, indicating that the nation would not accept conditions that undermine its ties with other countries, particularly in light of the current geopolitical landscape. Goyal’s remarks highlight ongoing challenges in India-US trade negotiations, which have faced stalemates due to contentious issues such as agricultural market access. Amidst these complexities, India’s approach remains steadfast, prioritizing sovereignty and mutual respect in trade discussions. This strategic stance reflects a broader significance for India’s economic ambitions, as it seeks to secure a balanced and equitable trade environment that fosters sustainable growth amidst global uncertainties. The minister’s engagements and messages at the Berlin Global Dialogue reinforce India’s commitment to becoming a reliable and attractive partner in the international trade arena, reinforcing its aspirations for long-term economic resilience and stability.

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