Goyal says German firms see India as a manufacturing and R&D hub
In short
Piyush Goyal said German companies now see India as more than a sales market.
He said, after a two-day visit, that firms like Siemens Healthcare, Bertelsmann Investment, Volkswagen and Skoda are looking at India for manufacturing, R&D and innovation. The report does not say if any new deal or investment was announced.
What the reporting says
Commerce and Industry Minister Piyush Goyal said German companies are increasingly viewing India as a strategic hub for manufacturing, research and development, and innovation. He made the remarks after a two-day visit and said he met firms including Siemens Healthcare, Bertelsmann Investment, Volkswagen and Skoda. The report does not say whether any investment or deal was announced.
Why it matters
Piyush Goyal said after his two-day visit that German firms are treating India as a base for manufacturing, research and development, and innovation, not just as a consumer market. He said he met representatives from Siemens Healthcare, Bertelsmann Investment, Volkswagen and Skoda. The report does not confirm any signed agreement or investment value, so the immediate business impact is uncertain.