India, Belgium and Luxembourg have discussed ways to strengthen trade, investment and economic cooperation across key sectors, including logistics, renewable energy, financial services, healthcare and digital technologies.
The discussions took place during the 19th Session of the India–Belgium–Luxembourg Economic Union (BLEU) Joint Economic Commission (JEC), held in Luxembourg on October 29, 2026. The meeting reviewed existing trade and investment relations and explored opportunities to expand economic engagement among the three countries.
The session was co-chaired by Commerce Secretary Rajesh Agrawal; Filip Vanden Bulcke, Director-General for Geo-Economy and Economic Diplomacy at Belgium’s Federal Public Service Foreign Affairs; and Henri Schumacher, Secretary General of Luxembourg’s Ministry of Foreign and European Affairs.
The deliberations covered a wide range of sectors, including air connectivity, ports and logistics, renewable energy, clean technology, financial services, FinTech, digital transformation, information and communication technology, healthcare, life sciences and agro-food processing. Cooperation in Ayurveda and traditional medicine also featured in the discussions.
The three sides agreed to explore further collaboration in aerospace, research and innovation, higher education and skill development. They also discussed market-related concerns, with an emphasis on improving market access, facilitating trade and addressing issues affecting business engagement.
The meeting provided an opportunity to review sectoral cooperation and identify new avenues for investment and business partnerships. The three countries reaffirmed their commitment to sustained dialogue to advance mutually beneficial economic relations.
Following the JEC session, Commerce Secretary Rajesh Agrawal interacted with chief executives of Luxembourg-based companies. He highlighted India’s economic growth and investment potential, and invited Luxembourg companies to explore opportunities in financial services, advanced manufacturing, logistics, clean energy, digital technologies, healthcare and research.
Agrawal also encouraged businesses to pursue long-term investments and technology partnerships with Indian companies, including opportunities to integrate into global value chains.
-PIB
