Story perspectives

Goyal Meets German Firms in Berlin to Boost Investments

By Drooid · Oct 24, 2026, 4:09 PM UTC · How we work

Summary

Story summary

Commerce Minister Piyush Goyal met German firms in Berlin to discuss investment opportunities.
German investments in India total $7.4 billion, with some projects already materialising.
Goyal met Siemens Healthineers, Bayer and Fresenius, which will use India’s talent for global medical markets.
Bayer’s pharma head outlined expansion plans in India.
German CEOs said India is now a partner for manufacturing, R&D and innovation.

History

Historical Context

July 1991 Finance Minister Manmohan Singh began liberalisation that ended the Licence Raj and welcomed foreign capital. German firms entered, with Siemens launching a $100 million subsidiary in 1995 and Bayer investing $200 million by 2000, part of FDI that rose from $132 million in 1991-92 to $5.3 billion in 1995-96. Today Commerce Minister Piyush Goyal’s Berlin talks with Siemens Healthineers, Bayer and Fresenius seek R&D and manufacturing links.

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Story summary

Commerce Minister Piyush Goyal met German firms in Berlin to discuss investment opportunities.
German investments in India total $7.4 billion, with some projects already materialising.
Goyal met Siemens Healthineers, Bayer and Fresenius, which will use India’s talent for global medical markets.
Bayer’s pharma head outlined expansion plans in India.
German CEOs said India is now a partner for manufacturing, R&D and innovation.

1 / 2