Piyush Goyal Explores India Investment Plans With Bayer, Fresenius

Piyush Goyal met executives from Bayer, Fresenius and Knauf Group in Berlin to discuss potential investment and collaboration in India’s healthcare, pharmaceutical manufacturing, sustainable construction materials and infrastructure sectors.

Union Commerce and Industry Minister Piyush Goyal has held discussions with senior executives of German companies Bayer, Fresenius Group and Knauf Group in Berlin to explore investment opportunities and strengthen industrial cooperation with India. The meetings focused on healthcare, pharmaceuticals, manufacturing, sustainable construction materials and infrastructure development.

During his meeting with Stefan Oelrich, President of Bayer’s Pharmaceuticals Division, Goyal discussed the company’s expansion plans in India and opportunities to increase investment, innovation and collaboration within the country’s healthcare ecosystem. The discussions come amid rising demand for healthcare services and medical solutions, alongside efforts to expand domestic pharmaceutical manufacturing and research capabilities.

Also Read: Practical Pathways to Clean & Green Energy

Goyal also met Michael Sen, Chief Executive Officer of Fresenius Group, to explore opportunities for deeper cooperation in healthcare. The discussions covered India’s growing demand for quality and affordable medical solutions and the country’s manufacturing capabilities. The minister highlighted the potential for Fresenius to use India’s skilled workforce and production infrastructure to serve both domestic and international markets.

In a separate meeting, Goyal held talks with Murat Akyildiz, Global General Partner at Knauf Group, on the company’s expanding manufacturing operations in India. Discussions focused on strengthening collaboration in sustainable construction materials and infrastructure development, areas supported by India’s ongoing urbanisation and industrial expansion.

The meetings formed part of Goyal’s official visit to Germany and the Netherlands from October 22 to 27, 2026, aimed at strengthening trade, investment and industrial partnerships. The minister’s programme in Germany includes engagement with business leaders and policymakers, alongside discussions on advanced manufacturing, healthcare, pharmaceuticals, energy and technology. Around 100 Indian businesses and startups are accompanying the minister on the broader visit.

The discussions reflect India’s efforts to attract foreign investment and expand its role in global manufacturing and healthcare supply chains. Germany’s industrial and technological expertise, combined with India’s skilled workforce, production capacity and growing domestic market, offers potential opportunities for collaboration across several sectors.

Also Read: The Evolution Of Textile Manufacturing

No specific investment amount or new agreement was announced in connection with these three company meetings. Any expansion plans or new partnerships will depend on subsequent discussions and commercial decisions by the companies involved.