India, EU back diverse supply chains after trade and technology talks
At the India-EU Trade and Technology Council meeting in Brussels, both sides advanced talks on research and startup cooperation. The push reflects a shared bid to de-risk supply chains and deepen trusted technology ties.
India on Wednesday said the global economy needs more diverse production bases, stronger supply chains and trusted partnerships to reduce risk, as External Affairs Minister S Jaishankar outlined New Delhi's position after the third India-EU Trade and Technology Council meeting. He said India and the European Union also agreed to begin formal negotiations on New Delhi's association with Horizon Europe and to launch a bilateral startup partnership focused on deep-tech clean technologies.
Speaking in Brussels after the meeting, Jaishankar said the India-EU partnership was "poised to reach greater heights" and described the council as an important part of a wider strategic agenda between the two sides. He said current global economic pressures had made supply chain resilience and predictable markets a priority.
Jaishankar said the international economy faces a number of "critical and interlinked challenges". These, he said, include concerns about "overdependence on limited sources of production as well as volatility of market access". "The solutions lie in de-risking through more diversified production and ensuring predictable markets," he said. He added that recognising the economic and technological value of multipolarity is essential in a multipolar world. "Strengthening the resilience of supply chains is today clearly a global priority," he said.
On trusted partnerships, Jaishankar said India and the EU have a "natural affinity" as open societies and market economies. "The rule of law and the sanctity of contracts are central to our thinking," he said, stressing their importance in sensitive technologies. "India and the EU have developed this trust with each other and now strive to take that into the business and technology domains," he added.
Jaishankar said, "India-EU partnership is today poised to reach greater heights. The free trade agreement, the security and defence partnership and the mobility framework have been its key achievements this year..." He added, "The potential of our ties will be realised through the implementation of the joint comprehensive strategic agenda. The TTC plays a notable role in that regard." Apart from Jaishankar, the meeting was attended by Commerce and Industry Minister Piyush Goyal and Minister of State for Electronics and IT Jitin Prasada. The EU side was represented by European Commission Executive Vice-President for Tech Sovereignty, Security and Democracy Henna Virkkunen, Commissioner for Trade and Economic Security, Interinstitutional Relations and Transparency Maros Sefcovic, and Commissioner for Startups, Research and Innovation Ekaterina Zaharieva.
The India-EU TTC was set up in April 2022 by President von der Leyen and Prime Minister Narendra Modi to address challenges in trade, trusted technology and security, while deepening cooperation. The first meeting of the EU-India TTC was held in May 2023 and the second in February 2025. The latest meeting in Brussels focused on taking forward that agenda, with both sides linking closer cooperation to stronger supply chains, trusted technology ties and wider economic engagement.
With PTI Inputs
India on Wednesday said the global economy needs more diverse production bases, stronger supply chains and trusted partnerships to reduce risk, as External Affairs Minister S Jaishankar outlined New Delhi's position after the third India-EU Trade and Technology Council meeting. He said India and the European Union also agreed to begin formal negotiations on New Delhi's association with Horizon Europe and to launch a bilateral startup partnership focused on deep-tech clean technologies.
Speaking in Brussels after the meeting, Jaishankar said the India-EU partnership was "poised to reach greater heights" and described the council as an important part of a wider strategic agenda between the two sides. He said current global economic pressures had made supply chain resilience and predictable markets a priority.
Jaishankar said the international economy faces a number of "critical and interlinked challenges". These, he said, include concerns about "overdependence on limited sources of production as well as volatility of market access". "The solutions lie in de-risking through more diversified production and ensuring predictable markets," he said. He added that recognising the economic and technological value of multipolarity is essential in a multipolar world. "Strengthening the resilience of supply chains is today clearly a global priority," he said.
On trusted partnerships, Jaishankar said India and the EU have a "natural affinity" as open societies and market economies. "The rule of law and the sanctity of contracts are central to our thinking," he said, stressing their importance in sensitive technologies. "India and the EU have developed this trust with each other and now strive to take that into the business and technology domains," he added.
Jaishankar said, "India-EU partnership is today poised to reach greater heights. The free trade agreement, the security and defence partnership and the mobility framework have been its key achievements this year..." He added, "The potential of our ties will be realised through the implementation of the joint comprehensive strategic agenda. The TTC plays a notable role in that regard." Apart from Jaishankar, the meeting was attended by Commerce and Industry Minister Piyush Goyal and Minister of State for Electronics and IT Jitin Prasada. The EU side was represented by European Commission Executive Vice-President for Tech Sovereignty, Security and Democracy Henna Virkkunen, Commissioner for Trade and Economic Security, Interinstitutional Relations and Transparency Maros Sefcovic, and Commissioner for Startups, Research and Innovation Ekaterina Zaharieva.
The India-EU TTC was set up in April 2022 by President von der Leyen and Prime Minister Narendra Modi to address challenges in trade, trusted technology and security, while deepening cooperation. The first meeting of the EU-India TTC was held in May 2023 and the second in February 2025. The latest meeting in Brussels focused on taking forward that agenda, with both sides linking closer cooperation to stronger supply chains, trusted technology ties and wider economic engagement.
With PTI Inputs
India on Wednesday said the global economy needs more diverse production bases, stronger supply chains and trusted partnerships to reduce risk, as External Affairs Minister S Jaishankar outlined New Delhi's position after the third India-EU Trade and Technology Council meeting. He said India and the European Union also agreed to begin formal negotiations on New Delhi's association with Horizon Europe and to launch a bilateral startup partnership focused on deep-tech clean technologies.
Speaking in Brussels after the meeting, Jaishankar said the India-EU partnership was "poised to reach greater heights" and described the council as an important part of a wider strategic agenda between the two sides. He said current global economic pressures had made supply chain resilience and predictable markets a priority.
Jaishankar said the international economy faces a number of "critical and interlinked challenges". These, he said, include concerns about "overdependence on limited sources of production as well as volatility of market access". "The solutions lie in de-risking through more diversified production and ensuring predictable markets," he said. He added that recognising the economic and technological value of multipolarity is essential in a multipolar world. "Strengthening the resilience of supply chains is today clearly a global priority," he said.
On trusted partnerships, Jaishankar said India and the EU have a "natural affinity" as open societies and market economies. "The rule of law and the sanctity of contracts are central to our thinking," he said, stressing their importance in sensitive technologies. "India and the EU have developed this trust with each other and now strive to take that into the business and technology domains," he added.
Jaishankar said, "India-EU partnership is today poised to reach greater heights. The free trade agreement, the security and defence partnership and the mobility framework have been its key achievements this year..." He added, "The potential of our ties will be realised through the implementation of the joint comprehensive strategic agenda. The TTC plays a notable role in that regard." Apart from Jaishankar, the meeting was attended by Commerce and Industry Minister Piyush Goyal and Minister of State for Electronics and IT Jitin Prasada. The EU side was represented by European Commission Executive Vice-President for Tech Sovereignty, Security and Democracy Henna Virkkunen, Commissioner for Trade and Economic Security, Interinstitutional Relations and Transparency Maros Sefcovic, and Commissioner for Startups, Research and Innovation Ekaterina Zaharieva.
The India-EU TTC was set up in April 2022 by President von der Leyen and Prime Minister Narendra Modi to address challenges in trade, trusted technology and security, while deepening cooperation. The first meeting of the EU-India TTC was held in May 2023 and the second in February 2025. The latest meeting in Brussels focused on taking forward that agenda, with both sides linking closer cooperation to stronger supply chains, trusted technology ties and wider economic engagement.
With PTI Inputs
