**Executive Summary**
Union Minister of Commerce & Industry, Shri Piyush Goyal, will lead a high-level business delegation to Spain, Belgium, and Finland from July 13 to 17, 2026. The mission aims to strengthen India-EU economic partnerships, focusing on the early implementation of the India-EU Free Trade Agreement (FTA) and collaboration in technology, innovation, and sustainability. Key activities include ministerial meetings, business roundtables, and the co-chairing of the 3rd India-EU Trade and Technology Council (TTC) Ministerial Meeting.
**Key Points / Main Content**
**Visit to Spain (July 13)**
* **Bilateral Meetings:** Discussions with Spain's First Vice President and Ministers of Economy, Industry, and Foreign Affairs to advance trade and investment.
* **Business Roundtables:** Chairing the India-Spain Business Roundtable to showcase investment opportunities in automotive, renewable energy, AI, and semiconductors.
* **Diplomatic Context:** The visit coincides with the Spain-India Dual Year 2026, marking 70 years of diplomatic relations.
**Visit to Belgium (July 14–15)**
* **Trade and Technology Council (TTC):** Co-chairing the 3rd India-EU TTC Ministerial Meeting to cooperate on trade, trusted technology, and economic security.
* **Logistics and Gems:** Site visits to the Port of Antwerp for insights into green logistics and the Antwerp World Diamond Centre to highlight the diamond value chain.
* **Corporate Engagement:** CEO-level meetings with Thales Group (aerospace and defense) and Silox Group (specialty chemicals and recycling).
* **High-Level Diplomacy:** Scheduled meetings with the Presidents of the European Commission and European Council, and the Prime Minister of Belgium.
**Visit to Finland (July 16–17)**
* **Institutional Collaboration:** Signing of a Memorandum of Understanding (MoU) between the Confederation of Indian Industry (CII) and Business Finland.
* **Innovation Focus:** Meetings with Finnish companies and research institutions including Nokia, VTT Research Centre, and KONE Corporation to explore 6G, smart mobility, and EV infrastructure.
* **Bilateral Talks:** Discussion with Finland’s Minister of Economic Affairs regarding the circular economy and digital technologies.
**Delegation Composition and Themes**
* **Participating Sectors:** Advanced manufacturing, clean energy, gems and jewellery, food processing, healthcare, and digital technologies.
* **Key Companies:** The delegation includes Borosil Renewables, Motherson Group, Trivitron Healthcare, Hari Krishna Exports, and Nekkanti Seafoods.
**Impact Analysis**
**Indian Business Delegation**
**Impact**
Indian companies gain a platform to showcase capabilities in Industry 4.0 and digitalization, while exploring B2B partnerships and expanding operations in the European market.
**Action Required**
Participate in business roundtables and site visits to explore collaboration in sectors like AI, semiconductors, and green logistics.
**Indian and EU Government Officials**
**Impact**
The visit facilitates high-level policy alignment and moves both parties closer to the implementation of the India-EU Free Trade Agreement (FTA).
**Action Required**
Conduct bilateral ministerial meetings and co-chair the 3rd India-EU Trade and Technology Council (TTC).
**Research and Industrial Institutions**
**Impact**
Strengthened institutional ties and formal cooperation in frontier technologies, industrial research, and sustainable mobility.
**Action Required**
CII and Business Finland to sign and execute the proposed MoU; research centers to engage in discussions regarding 6G and circular economy initiatives.
**Gems and Jewellery Sector**
**Impact**
Increased focus on responsible sourcing, certification, and integration into the global diamond value chain through engagements in Antwerp.
**Action Required**
Leverage insights from the Antwerp World Diamond Centre to enhance certification and sourcing standards.
Key Entities Referenced
Piyush Goyal: Union Minister of Commerce & Industry leading a high-level Indian business delegation to Europe to strengthen economic partnerships.
India-European Union Free Trade Agreement (FTA): A proposed bilateral trade agreement focused on advancing trade, investment, and economic cooperation between India and the EU.
India-EU Trade and Technology Council (TTC): The highest institutional mechanism for cooperation on trade, trusted technology, and economic security, which held its 3rd Ministerial Meeting during the visit.
Spain, Belgium, and Finland: The primary European countries serving as the locations for bilateral meetings, business roundtables, and sites of industrial collaboration.
Ministry of Commerce & Industry: The central ministry responsible for facilitating the trade delegation and spearheading the economic engagement with European partners.
Ministry of Commerce & Industry
Union Minister of Commerce & Industry Shri
Piyush Goyal to Lead High-Level Business
Delegation to Spain, Belgium and Finland from
13–17 July 2026
Shri Goyal's Visit to Spain, Belgium and Finland Deepen
India-EU Economic Partnership and Boost Trade, Investment
and Technology Collaboration
प्रव तथ: 12 JUL 2026 2:41PM by PIB Delhi
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 supplychains. 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 theEuropean 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.
***
Abhishek Dayal/ Abhijith Narayanan Ishita Biswas
(रलीज़ आईडी: 2283848) आगंतुक पटल : 603
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