Commerce minister Piyush Goyal said German companies now view India as a key partner rather than just a market. These firms are exploring investments in aerospace, defence, and healthcare. German businesses already announced $7.4 billion in investments. This shift shows how European firms use India to diversify their global supply chains.
German companies are exploring investment opportunities in India in precision engineering, aerospace, defence and shipbuilding, besides healthcare, pharmaceuticals and research and development, commerce and industry minister Piyush Goyal said, pointing to growing business interest as European firms look to diversify manufacturing and supply chains. Talking to reporters during his visit to Germany and The Netherlands with a delegation of Indian businesses and startups to explore opportunities in trade, investment and industrial cooperation, Goyal said German companies had publicly announced investments worth $7.4 billion in India with some of these already materialising.