India and Belgium Deepen Economic and Strategic Cooperation
ECONOMY & POLICY

India and Belgium Deepen Economic and Strategic Cooperation

Union Minister of Commerce and Industry Piyush Goyal met with Belgian Minister of Defence and Foreign Trade Theo Francken and Minister-President of Flanders Matthias Diependaele in Brussels to advance India–Belgium economic cooperation. The meeting aimed to strengthen collaboration in trade, investment, technology, and innovation.

This engagement follows the March visit of Princess Astrid of Belgium to India, which renewed momentum in bilateral ties. Both sides discussed growing synergies in semiconductors, clean energy, defence production and pharmaceuticals, identifying the Flanders region as a key strategic partner due to its robust industrial and research ecosystem.

The meeting reviewed progress in the European Union–India Free Trade Agreement negotiations, with emphasis on removing tariff and non-tariff barriers. Goyal reaffirmed India’s status as a reliable and long-term economic partner, noting its transformative growth story and reform-driven environment.

Bilateral trade between India and Belgium reached USD 15.07 Bn in two thousand twenty-three to twenty-four. Belgian foreign direct investment into India stood at USD 3.94 Bn since April two thousand, with a thirty-nine per cent increase in the last year alone.

Both sides agreed to expand high-level dialogues and boost business exchanges to fast-track mutual growth.

Source:Press Information Bureau, Government of India

Union Minister of Commerce and Industry Piyush Goyal met with Belgian Minister of Defence and Foreign Trade Theo Francken and Minister-President of Flanders Matthias Diependaele in Brussels to advance India–Belgium economic cooperation. The meeting aimed to strengthen collaboration in trade, investment, technology, and innovation.This engagement follows the March visit of Princess Astrid of Belgium to India, which renewed momentum in bilateral ties. Both sides discussed growing synergies in semiconductors, clean energy, defence production and pharmaceuticals, identifying the Flanders region as a key strategic partner due to its robust industrial and research ecosystem.The meeting reviewed progress in the European Union–India Free Trade Agreement negotiations, with emphasis on removing tariff and non-tariff barriers. Goyal reaffirmed India’s status as a reliable and long-term economic partner, noting its transformative growth story and reform-driven environment.Bilateral trade between India and Belgium reached USD 15.07 Bn in two thousand twenty-three to twenty-four. Belgian foreign direct investment into India stood at USD 3.94 Bn since April two thousand, with a thirty-nine per cent increase in the last year alone.Both sides agreed to expand high-level dialogues and boost business exchanges to fast-track mutual growth.Source:Press Information Bureau, Government of India

Next Story
Infrastructure Urban

Exide Industries appoints Manoj Kumar Agarwal as Director – Finance & CFO

Exide Industries Ltd has announced the appointment of Manoj Kumar Agarwal as Director – Finance & Chief Financial Officer, effective 1st May 2025. The decision was finalised during the board meeting held on 30th April 2025, following the retirement of Asish Kumar Mukherjee, who served in the same role for 18 years.Agarwal joined Exide in February 2023 as Deputy CFO. In this capacity, he led critical functions including finance, accounts, audit, treasury, taxation, IT, and procurement. In his new role, he will continue to oversee these areas while focusing on strengthening Exide’s finan..

Next Story
Resources

Nuvoco’s ‘Sabse Khaas Pehelwaan’ Ends with Grand Finale in Delhi

Nuvoco Vistas Corp, India’s fifth-largest cement group by capacity, concluded the grand finale of Nuvoco Duraguard Cement presents ‘Sabse Khaas Pehelwaan’ on May 2, 2025, at the Talkatora Indoor Stadium, New Delhi. This prestigious wrestling championship was designed to discover and celebrate emerging talent across Haryana. It reflects Nuvoco Duraguard Cement’s unwavering commitment to strength, resilience, and excellence—values that align seamlessly with both Nuvoco’s premium products and the timeless sport of wrestling, an integral part of Haryana’s cultural identity. The..

Next Story
Resources

hansgrohe wins double gold at iF DESIGN AWARDS 2025

Premium bath and kitchen brand hansgrohe has clinched two Gold awards at the iF DESIGN AWARD 2025, standing out among nearly 11,000 entries from around 66 countries. The brand’s Avalegra mixer tap and Raindance Alive shower system were lauded for redefining everyday water experiences through innovation and design. The hansgrohe Avalegra, an elegant reinterpretation of handwashing, impressed jurors with its graceful curves and integrated washbasin design. The standout feature — a gentle face spray fountain — replaces traditional splashing, offering a refreshing and hygienic twist to hand..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?