India and Greece Set Sights on Doubling Bilateral Trade by 2030

India and Greece are moving to deepen their economic partnership, with both countries aiming to double bilateral trade by 2030 through stronger business engagement, investment cooperation and innovation-led partnerships.

Union Commerce and Industry Minister Piyush Goyal is leading a high-level Indian business delegation to Athens as part of efforts to expand India’s commercial footprint in Greece and create new channels of cooperation between companies, startups and institutions from both countries. The visit is focused on strengthening trade ties, encouraging cross-border innovation and identifying fresh investment opportunities across key sectors.

A major part of the programme includes interactions at The Athens Startup Business Incubator, where Indian representatives are expected to engage with startup founders, innovators and enterprise leaders. The platform is being used to showcase next-generation business ideas and explore partnerships in technology, digital solutions and emerging industries.

The visit comes at a time when India and Greece are seeking to give new momentum to their economic relationship. In 2024, India’s exports to Greece stood at around $190 million, while imports from Greece were valued at about $170 million. Both sides now see significant scope to expand trade volumes, particularly as India’s engagement with the European Union continues to strengthen.

The proposed India-EU free trade agreement is also expected to create wider opportunities for Indian and Greek businesses. A deeper trade framework with Europe could help improve market access, support supply chain partnerships and increase the movement of goods, services, technology and investment between India and Greece.

As part of the visit, the Indian delegation will participate in focused roundtable discussions with Greek industry leaders at the Athens Chamber of Commerce and Industry. These discussions are expected to cover sectors such as infrastructure, digitalisation, defence, food processing, agriculture, advanced manufacturing and technology-led industries.

The business meetings are designed to help companies from both countries identify practical areas of collaboration. For India, Greece offers strategic access to European markets, maritime networks, logistics corridors and infrastructure opportunities. For Greece, India represents one of the world’s fastest-growing major economies, with expanding demand across technology, defence production, manufacturing, agriculture, energy and services.

The delegation is also expected to visit Greek enterprises to explore cooperation in advanced manufacturing and industrial technologies. These engagements are aimed at building direct business-to-business linkages and encouraging companies to move beyond trade into joint ventures, technology partnerships and investment-backed collaboration.

According to India’s Commerce Ministry, the programme in Greece will bring together leading stakeholders from both countries to explore enhanced investment and commercial partnerships across priority sectors. The visit is also expected to strengthen institutional cooperation and create a more active platform for private-sector participation in the India-Greece economic relationship.

The renewed push reflects India’s broader strategy of building stronger trade and investment ties with key European partners. Greece, with its location at the crossroads of Europe, Asia and the Mediterranean, is increasingly seen as an important partner for India in logistics, shipping, infrastructure, defence cooperation and innovation-led growth.

With both nations looking to double trade by 2030, the Athens visit marks an important step in transforming India-Greece ties from a traditionally cordial relationship into a more dynamic economic partnership driven by industry, startups, investment and strategic sectors.