India-Monaco set to deepen economic ties across key sectors: Piyush Goyal
New Delhi, June 17
India and Moncao are exploring economic opportunities by collaborating in key sectors, including blue economy and emerging technologies, said Piyush Goyal, Union Minister of Commerce & Industry.
Taking to his X account, Goyal shared that he met with Prince Albert II of Monaco and briefed him about India's flagship Bharat Innovates 2026.
Goyal discussed ways to strengthen economic cooperation between India and Monaco in areas like sustainability, the blue economy, innovation, and new technologies
"Called on HSH Prince Albert II of Monaco. We discussed expanding the India-Monaco partnership in sectors such as sustainability, the blue economy, innovation, and emerging technologies," he said.
He also spoke about India's Bharat Innovates 2026 event in Nice, which highlights India's technology and innovation sector and aims to build stronger global partnerships.
"Also briefed him on India's flagship #BharatInnovates2026 event being held in Nice, showcasing India's vibrant technology and innovation ecosystem and strengthening global collaboration. Confident that India-Monaco relations will continue to scale new heights in the years ahead," he said.
In a further development, Goyal asked the 3,000 shortlisted innovators at Bharat Innovates 2026 to share suggestions for improving the country's deep tech ecosystem.
Speaking at the valedictory session in Nice, Goyal shared that the government will use the feedback to shape policy, industry ties and free trade opportunities (FTAs) for startups.
"Friends startup fund of funds second edition is almost entirely going to be committed to deep tech entrepreneurs and deep tech innovators," he said.
Moreover, the Minister urged participants to reflect on how the Ministry of Commerce and Industry can help take their products to market, forge partnerships in India and abroad, and leverage FTAs. "Reflect maybe on the flight back and make a note... each one of you please send us a one-pager... that way we will get more result resonance... and it receives attention at my level, at Dharmendra's level, at Ajay's level, at the highest level," he said.
— ANI
Reader Comments
Prince Albert II seems genuinely interested in sustainability - Monaco has made big strides in green tech. Perfect partner for India's startup ecosystem. But I worry about the "deep tech" fund - will it reach small-town innovators or just the IIT cliques? Food for thought.
India's Bharat Innovates 2026 sounds ambitious. Goyal asking startups for feedback is refreshing - usually it's top-down. But I wonder how many of the 3,000 shortlisted will actually see any FTA benefits. Bureaucracy in India can kill the best intentions.
Finally, a minister who listens! Goyal telling startups to send one-pagers to him personally shows he means business. India's deep tech ecosystem needs this kind of high-level attention. Monaco may be tiny, but its financial expertise could be huge for our startups. Well played. 👏
Interesting how India is now the one showcasing tech - remember when we used to only attract IT outsourcing? The tables have turned. My concern is: Monaco is a tax haven. Hope the collaboration doesn't get tangled in money-laundering optics. Transparency is key.
Blue economy + deep tech = the perfect combination for India's future. Monaco's expertise in marine conservation can help our coastal communities. But I hope the benefits trickle down to actual fishermen and local startups, not just corporate giants. "Paisa hi paisa" wala approach mat karna! 😅
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