Finance
Union Minister of Commerce & Industry, Shri Piyush Goyal, will lead a high-level Indian business delegation to Spain, Belgium and Finland from 13 to 17 July 2026. The visit underscores India’s commitment to strengthening economic partnerships across Europe, with a focus on trade, investment, technology, innovation and sustainability.
The delegation comprises leading Indian companies from sectors including advanced manufacturing, clean energy, digital technologies, gems and jewellery, food processing, healthcare and design.
During the visit to Spain on 13 July, Shri Goyal will focus on advancing bilateral trade and investment and leveraging opportunities arising from the proposed India-European Union Free Trade Agreement (FTA). He will hold bilateral meetings with H.E. Mr. Carlos Cuerpo Caballero, First Vice President of the Government of Spain and Minister of Economy, Trade and Business; H.E. Mr. Jordi Hereu Boher, Minister of Industry and Tourism; and H.E. Mr. José Manuel Albares Bueno, Minister of Foreign Affairs, European Union and Cooperation. He will also chair an India-Spain Business Roundtable with leading Spanish companies and industry associations to showcase India’s investment opportunities and encourage greater business-to-business partnerships.
Shri Goyal will participate in a Business Roundtable with the Chamber of Commerce of Spain, CEOE and ICEX Spain Trade & Investment. The session will bring together Indian and Spanish industry leaders to explore opportunities in automotive, renewable energy, railways, artificial intelligence, semiconductors, food processing and tourism.
Spanish companies such as Iberdrola, Acciona, CAF, Talgo, Gestamp and Indra already have a strong presence in India, while Indian companies including TCS, Infosys, Wipro, Tech Mahindra and L&T are expanding their operations in Spain to support digitalisation and Industry 4.0. The visit also coincides with the Spain-India Dual Year 2026, commemorating 70 years of diplomatic relations, with a special emphasis on strengthening business-to-business partnerships.
In Belgium on 14 and 15 July, Shri Goyal will undertake site visits to the Port of Antwerp and the Antwerp World Diamond Centre. The visit to the Port of Antwerp will provide insights into Europe’s leading logistics hub and showcase best practices in multimodal connectivity, green logistics and resilient supply chains. The visit to the Antwerp World Diamond Centre will highlight the global diamond value chain, certification, responsible sourcing and opportunities for India’s gems and jewellery sector.
The Minister will also hold CEO-level meetings with Mr. Alain Queverin of Thales Group and Mr. Jean-Christophe Bogaert of Silox Group. Thales is a global leader in aerospace, defence, cybersecurity and digital identity with significant partnerships in India, while Silox is a specialty chemicals and recycling group with major operations in Gujarat and collaborations in battery recycling and sustainable manufacturing.
The India-EU Business Roundtable and the Trade and Technology Council (TTC) Plenary will focus on foreign direct investment opportunities, trade facilitation, sustainable technologies and resilient supply chains.
During his visit to Brussels, Shri Goyal will co-chair the 3rd India-EU Trade and Technology Council (TTC) Ministerial Meeting alongside the External Affairs Minister and the Minister of State for Electronics & Information Technology. The India-EU TTC serves as the highest institutional mechanism for cooperation on trade, trusted technology and economic security.
On the sidelines of the TTC, the Minister is expected to hold meetings with senior leaders of the European Union, including the President of the European Commission, the President of the European Council and the Prime Minister of Belgium. He will also hold bilateral meetings with H.E. Mr. David Clarinval, Deputy Prime Minister and Minister of Employment, Economy and Agriculture of Belgium, and H.E. Mr. Maroš Šefčovič, European Commissioner for Trade and Economic Security. Shri Goyal will further engage with industry leaders through the India-Belgium Business Roundtable and interactions with leading European companies.
In Finland on 16 and 17 July, Shri Goyal will visit the country at the invitation of the Prime Minister of Finland. The visit will focus on strengthening cooperation in innovation, advanced manufacturing, clean energy, digital technologies and industrial research.
The Minister is scheduled to hold a bilateral meeting with H.E. Dr. Sakari Puisto, Minister of Economic Affairs of Finland, and participate in the India-Finland Business Roundtable with Finnish companies engaged in digitalisation, clean energy, advanced manufacturing and the circular economy. An MoU between CII and Business Finland will also be signed to strengthen institutional collaboration.
Shri Goyal will visit leading Finnish companies and innovation institutions, including Nokia Corporation, VTT Research Centre, KONE Corporation and the Kemppi Group, to explore opportunities for collaboration in telecom infrastructure, 6G research, smart mobility, advanced manufacturing, industrial machinery, EV charging infrastructure, frontier technologies, sustainable mobility, industrial innovation and investment.
The Indian business delegation will include companies such as Borosil Renewables, Motherson Group, Trivitron Healthcare, Hari Krishna Exports and Nekkanti Seafoods, representing sectors ranging from AI and clean technology to gems and jewellery, food processing, healthcare and design.
Across Spain, Belgium and Finland, the visit will highlight key themes of advanced manufacturing, clean energy and sustainability, digital and frontier technologies, gems and jewellery, and food and consumer industries.
The visit comes at a significant juncture in India-EU relations, with both sides committed to strengthening economic cooperation and working towards the early implementation of the India-EU Free Trade Agreement. In this context, Shri Goyal’s visit marks an important step in translating this shared vision into concrete outcomes. It reflects India’s steadfast commitment to deepening its engagement with the European Union, one of its largest trading partners, and to advancing an ambitious, balanced and mutually beneficial agreement that contributes to resilient supply chains, sustainable growth and a rules-based global trading system.
The visit is also expected to impart fresh momentum to India’s engagement with Europe by promoting trade and investment, strengthening collaboration in emerging technologies, clean energy, innovation and advanced manufacturing, fostering closer partnerships between businesses and innovation ecosystems, and reinforcing India’s position as a trusted global partner for innovation, manufacturing and sustainability.
Source: PIB
