Prime Minister Narendra Modi held a landmark bilateral meeting and joint press conference with Belgian Prime Minister Bart De Wever at Hyderabad House in New Delhi. Over the past decade, relations between India and Belgium have shown steady progress, expanding across critical areas such as defense, clean energy, and advanced technology. Prime Minister Modi highlighted that this high-level exchange marks a significant step forward in deepening strategic and economic cooperation between the two nations.
Ambitious Plan to Double Bilateral Trade in 5 Years
India and Belgium have set a joint target to double their bilateral trade over the next 5 years. To facilitate seamless commerce and attract greater foreign investment, India has established a dedicated fast-track mechanism for Belgian companies operating or looking to expand within the country. Furthermore, Prime Minister Modi expressed appreciation for Belgian Prime Minister Bart De Wever's ongoing support for the global diamond trade, which forms a crucial pillar of economic ties between the two countries.
Defense and Technology Cooperation on Zorawar Tank
Moving beyond conventional commercial exchanges, the India-Belgium partnership has broadened into defense manufacturing and technology sharing. During the joint briefing, Prime Minister Modi specifically noted that both countries are collaborating on the Zorawar tank project. This joint defense effort underscores the growing technological synergy and mutual strategic trust between India and Belgium.
Clean Energy Expansion and Enhancing the Business Environment
Clean energy remains another key focal point of bilateral cooperation as both countries work toward sustainable growth. Prime Minister Modi reiterated India's commitment to continuously improving the ease of doing business for Belgian firms. This proactive approach to simplifying regulatory frameworks is expected to accelerate capital investment and drive robust commercial partnerships in the coming years.
