India, Belgium and Luxembourg have agreed to strengthen economic ties and explore deeper cooperation in aerospace, research, innovation and higher education, the Commerce Ministry said in a statement on Friday, after the 19th session of the India-Belgium-Luxembourg Economic Union (BLEU) Joint Economic Commission (JEC) in Luxembourg, news agency IANS reported.
Source: IANS — India, Belgium and Luxembourg agree to deepen economic ties (Oct 30, 2026)
The session, held in Luxembourg on October 29, was co-chaired by Commerce Secretary Rajesh Agrawal, Belgium's Director-General for Geo-Economy and Economic Diplomacy Filip Vanden Bulcke, and Luxembourg's Secretary General Henri Schumacher, according to the Commerce Ministry statement carried by IANS and New Kerala.
Sectors on the table
Discussions covered logistics with a focus on air connectivity and ports, renewable energy and clean technology, financial services and FinTech, digital transformation and ICT, healthcare and life sciences, Ayurveda and traditional medicine, and the agro and food processing industry, the statement said.
The meeting resolved to explore opportunities to deepen cooperation in aerospace, research and innovation, higher education and skill development.
Investment pitch to Luxembourg CEOs
After the session, Commerce Secretary Rajesh Agrawal interacted with CEOs of Luxembourg-based companies, highlighting India's economic growth and investment potential and pointing to opportunities in financial services, advanced manufacturing, logistics, clean energy, digital technologies, healthcare, and research and innovation.
The JEC is the standing institutional platform through which India reviews trade and investment relations with the Belgium-Luxembourg Economic Union. No specific deal values were announced in the statement.