By Trixie Yap and Mohi Narayan SINGAPORE, Feb 5 (Reuters) - Reliance Industries has partially offloaded a jet fuel cargo in Italy, India's first export to the region since a European Union ban on products derived from Russian oil took effect on January 21,

Greek Defence Minister Nikos Dendias declared India an indispensable partner for Europe, highlighting its growing strategic and economic significance. Speaking at the India-EU Forum 2026, he expressed strong support for the proposed EU-India Free Trade Agreement,

Highlighting Europe’s demographic pressures, Dendias said population growth across much of the continent was “almost negative,” creating an urgent need for younger workers to sustain economic activity.

Europe’s new carbon border tax is pressuring India’s steel industry to accelerate a shift toward lower-emissions production to protect export margins.

Goods traded between India and the EU in 2024 amounted to over 120 billion euros (about $140 billion), making it New Delhi's largest trading partner.

The European Union and India have launched talks on New Delhi’s possible association with the EU’s 93.5millioneuro flagship programme designed to foster cross border research and innovation.

Indian space sector startups are working to expand into the US, Europe and Australia, zeroing in on markets that will be harder for their Chinese competitors to break into.

India has shed import duties on European cars, opening its long-protected auto industry from global competition.