India-Greece talks: Goyal pushes manufacturing, tech and trade ties
Synopsis
Key Takeaways
Commerce and Industry Minister Piyush Goyal on Monday, 29 June held a bilateral meeting with Takis Theodorikakos, Minister of Development of Greece, to advance the India-Greece economic partnership — covering manufacturing, start-ups, emerging technologies, and resilient supply chains. Goyal is leading a high-level Indian business delegation to Athens as part of an active trade diplomacy push under the Narendra Modi government.
What Was Discussed
'We also explored opportunities to deepen collaboration in manufacturing, start-ups, and emerging technologies for the shared prosperity of both nations,' Goyal said in a post on X. He added that the talks covered 'greater trade, investment, industrial cooperation, and resilient supply chains.'
The meeting signals a deliberate effort to widen India's economic footprint in Southern Europe, a region that has historically received less attention than India's traditional Western European partners.
Key Engagements in Athens
The delegation is scheduled to participate in startup pitches and presentations at The Athens Startup Business Incubator (THEA), providing a platform for next-generation Indian and Greek enterprises to explore cross-border innovation partnerships.
Focused roundtable discussions are also planned at the Athens Chamber of Commerce and Industry (ACCI), with sessions covering infrastructure, digitalisation, defence, and food and agriculture. The aim, according to an official statement, is to identify new avenues for private-sector collaboration and strengthen bilateral trade linkages.
After a Productive UK Leg
The Greece visit follows Goyal's recently concluded three-day visit to the United Kingdom, where the 'India–UK: Partners in Progress Business Plenary' was held in London. That engagement reportedly reaffirmed strong momentum in India-UK economic relations, with industry stakeholders from both sides expressing support for the proposed Comprehensive Economic and Trade Agreement (CETA) as a framework for deepening trade and investment ties.
Notably, the back-to-back visits — first to the UK, now to Greece — reflect a pattern of accelerated trade diplomacy by New Delhi in key European markets, particularly as India seeks to diversify its global supply chain relationships.
Broader Strategic Context
According to the official statement, the minister's engagements 'reflect the Indian government's continued commitment under the leadership of Prime Minister Narendra Modi to strengthening global economic partnerships, fostering innovation-led growth, and advancing India's trade and investment diplomacy in key international markets.'
India's trade relationship with Greece, while currently modest in scale, holds potential in sectors such as shipping, tourism infrastructure, pharmaceuticals, and defence — areas where both countries have complementary strengths. The delegation's interactions with key business and institutional stakeholders are expected to lay groundwork for more structured bilateral frameworks going forward.