Union Commerce and Industry Minister Piyush Goyal met with Luxembourg's Deputy Prime Minister Xavier Bettel on the sidelines of the Viva Technology 2026 event in Paris on Wednesday. The discussions focused on expanding bilateral collaboration across fintech, space technology, digital innovation, financial services, and emerging technologies.
Strengthening Economic and Technological Ties
Both leaders emphasized aligning their economic and technological goals. Goyal described the meeting as a warm and productive interaction, highlighting that India and Luxembourg continue to strengthen a partnership driven by innovation, technology, and shared economic aspirations.
The meeting comes at a time when economic ties between India and Europe are evolving. Goyal noted that the broader framework of trade agreements will help anchor these new technological initiatives between the two nations.
India-EU FTA and Cooperation
With the India-EU Free Trade Agreement now concluded and cooperation deepening across strategic sectors, Luxembourg remains an important partner in strengthening India's economic and technological engagement with Europe. Goyal stated that this partnership unlocks new avenues for innovation, investment, and shared prosperity.
India's AI Strategy at Viva Tech
Beyond bilateral talks, India's broader strategy on emerging technologies was shared during a panel session titled The New Growth Playbook. Goyal participated alongside the UAE's Minister of Economy & Tourism, Abdulla bin Touq Al Marri, and France's former Minister of the Economy, Bruno Le Maire.
The panel focused on the economic impacts of artificial intelligence and how nations govern its deployment. Goyal outlined the specific parameters guiding India's domestic AI policy.
Balancing Trust and Innovation
Goyal emphasized that India's approach to AI seeks to balance technological advancement with trust, transparency, inclusiveness, and responsibility. He exchanged views on how AI presents immense opportunities to drive economic growth.
Digital Infrastructure and Talent Pool
The discussions concluded with a review of India's current digital infrastructure. Goyal stated that the combination of public digital systems and a growing workforce positions the country as a major hub for international technology firms looking for expansion.
He highlighted the rapid strides India is making in AI, supported by a vibrant startup ecosystem, world-class Digital Public Infrastructure, and a vast talent pool. This makes India an attractive global destination for innovation, entrepreneurship, and technology-driven growth.
