Schäuble plans to meet with Indian Prime Minister Manmohan Singh and the new interior minister and national security advisor to discuss bilateral cooperation in international security issues and the fight against terrorism.
Three Germans were among the 173 victims of a three-day terror spree that began on November 26.
India has blamed Islamist Pakistani terrorists for the attacks on the country's finance capital, and tensions between the two countries have simmered since.
Representatives from the German Federal Criminal Police office (BKA) were sent to Mumbai to assist in the investigation after the deadly siege that ended with Indian forces taking control of the luxury Taj Hotel.
One prominent German, co-owner of the Munich-based production company C.A.M.P. TV, 51-year-old Ralph Burkei, was among the dead.
Burkei died after falling from an upper floor of the luxury hotel. He had been trying to escape from the building after it was raided by armed terrorists. He died on the way to the hospital. His partner, Ute Bernhardt, was critically injured and was flown to Germany for treatment.