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German Chemical Firm to Invest $1.5 Billion in India
A leading German company from the chemical sector is set to invest $1.5 billion in India, Union Commerce and Industry Minister Piyush Goyal announced during the Kautilya Economic Conclave held in Delhi. While the name of the company has not been officially disclosed, the minister confirmed that the agreement has already been signed and that the investment will materialize in the near future.
German investment India
Speaking at the summit, Goyal highlighted the growing confidence global investors have in India’s economic potential. “A German company in the chemical sector signed a $1.5 billion investment agreement just two days ago. They are now setting up their plant in India. This is going to be one of the largest investments coming from Germany into India in recent times,” Goyal stated.
The investment is a strong signal of India’s rising profile as a manufacturing and innovation hub, especially for high-value industries like chemicals. Goyal said this development shows the tangible outcomes of Prime Minister Narendra Modi’s consistent efforts to boost investor confidence and simplify business processes. “When Prime Minister Modi goes abroad and promotes India, he doesn’t just participate in photo ops, he brings real business and real investments back to the country,” Goyal said.
Chemical sector India
Goyal further stressed that the central government’s policies have transformed the economic landscape in recent years, resulting in an upswing in foreign direct investments across sectors. According to Goyal, India has now become a “trusted partner” for global firms seeking stability, growth opportunities, and a skilled workforce. The chemical sector, which plays a critical role in India’s industrial ecosystem, stands to benefit significantly from this foreign investment.
Piyush Goyal announcement
The announcement also comes at a time when India is actively pushing for self-reliance in core industries through the ‘Atmanirbhar Bharat’ initiative. The entry of a major German chemical firm with such a significant investment is expected to not only boost domestic production capacity but also create thousands of jobs and stimulate ancillary industries.
Goyal reiterated the government’s focus on enhancing ease of doing business, building robust infrastructure, and supporting manufacturing through incentives. He expressed optimism that more such investments would follow as India continues to showcase itself as a viable and competitive destination for international businesses.
