After holding Inter-Governmental Consultation with their respective delegations at Hyderabad House on 5 October, Prime Minister Narendra Modi and German Chancellor Angela Merkel came up with a joint press statement.
Addressing the media, Modi said that he was glad to welcome Merkel to India and added that Indo-German relations will go a long way. He also welcomed Germany’s support for India’s bid to be a permanent member of UN Security Council
Germany gives 1bn euro for solar energy,India fast-tracking business. No mention on FTA,submarine deal. India and Germany ink 18 MoUs for cooperation in various fields, including aviation, security, higher education, civil aviation, railways and food safety.
The pact is first of its kind and comes as Modi sought foreign investment in support of his “Make in India” drive to boost industrial investment and create skilled jobs.
Stating that defence co-operation will be based on a broad, Merkel extended support to India’s commitment to bring reforms to the United Nations.
India and Germany signed a fast-track business deal to make it easier for German companies to operate in India, announced Merkel. The process will ensure that German firms will have a single point of contact will ensure them to navigate a web of red tape that often thwarts business initiative.I am glad that that India will cut red tape for the fast track agreements, says Angela Merkel.
Merkel said cooperation of solar energy was important between India and Germany. To this end, a package of one billion euros was given to India for solar energy.
Saying that the mechanism of IGC was unique, Modi said that strengthening economic ties was very important. The two countries inked several crucial deals, mainly among them were trade and technology ties between the two countries.
Modi said German IT and Indian IT skills can create great resources. German co-operation in areas such as Clean Ganga and pest management have taken concrete shape. Welcoming Angela Merkel, the PM said Germany was India’s natural partner.
She also promoted participation of young Indian scientists in natural sciences for the Lindau Nobel Laureate Meetings.
On the investment front, the German Chancellor said that Germany Incorporated was very happy to invest in India. This would not only bring investment to India but also give more jobs to Indians, especially young Indians who are highly skilled.
Though most of the German ministers will depart after the IGC and the joint press statement by the two leaders, German foreign minister Steinmeier will spend a day more in Delhi holding dialogue with National Security Adviser Ajit Doval.
German Ambassador to India Martin Ney highlighted that Merkel would take up the issue of India-European Union Free Trade Agreement (FTA) and try to energise both Indian ties with Germany as well as the European Union.
Defence teams on both sides will discuss the supply of six German conventional submarines to India. “German defence companies will make a bid for conventional submarines in the coming months,” said Ney.