From diamonds to defence: India, Belgium target 2x trade in 5 years
India and Belgium will work to double bilateral trade over the next five years. Cooperation will expand beyond traditional commerce into defence and clean energy sectors. Both nations seek to enhance collaboration in critical minerals and semiconductor technology. Belgium's expertise and India's scale offer complementary strengths for mutual growth. This strategic partnership aims to foster…
India and Belgium have set a target to double their bilateral trade within five years, extending their partnership beyond traditional commerce to include defence, clean energy, critical minerals, and semiconductors. Prime Minister Narendra Modi and Belgian Prime Minister Bart De Wever made these announcements during a joint press conference in Hyderabad, emphasizing the potential complementarity between Belgium's expertise and India's scale.
The two countries already enjoy a significant economic relationship, with bilateral trade reaching approximately $13.01 billion in 2025-26, and Belgium's cumulative foreign direct investment in India amounting to around $4.2 billion since 2000.
Brief written by urgent.news from The Economic Times - Economy's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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