India goes for project fast tracking pact with Germany

Modi and Merkel focus on trade and terror issues

GN Bureau | October 5, 2015


#narendra modi   #angela merkel   #germany   #investment  

India and Germany inked 18 memorandum of understanding (MoUs) for cooperation in various fields including higher education, civil aviation, railways and food safety and signed an agreement, first of its kind, to fast-track business approvals. This agreement will make it easier for German companies to operate in Asia’s third largest economy. The fast-track approvals process will ensure that German firms will have a single point of contact in the Indian administration, helping them to navigate a web of red tape that often thwarts business initiative.

These agreements were arrived after official talks between prime minister Narendra Modi and German Chancellor Angela Merkel in New Delhi today (Monday).

The chancellor, accompanied by a large delegation of cabinet Ministers and top officials, arrived in New Delhi on Sunday night and was accorded a ceremonial welcome at the Rashtrapati Bhavan on Monday morning.

Ways to deepen bilateral engagement in diverse sectors like defence, security, education and renewable energy figured in the summit-level Inter-Governmental Consultations (IGC) between Modi and Merkel which also deliberated on issues relating to trade and investment.

After the talks, Modi and Merkel held a joint press conference.

Here are highlights from the press conference:

Prime minister Narendra Modi:

*On behalf of the people of India, I warmly congratulate Germany on 25 years of German reunification.

*Chancellor Merkel, your leadership is a source of confidence and reassurance at a difficult moment for Europe and world.

*In a world of challenges and opportunities, India and Germany can be strong partners.

*German engineering and Indian IT skills can create the next industry.

*Special thanks to Dr Merkel and Germany for return of the Durga idol which was from a temple in Jammu and Kashmir.

*I welcome Germany’s strong support for India’s membership of the international export control regimes.

*I admire German leadership in clean energy and commitment in combating climate change.

*German strengths and India’s priorities are aligned. And so is our mutual goodwill.

German Chancellor Angela Merkel:

*We wish India every success, a good and prosperous development for the PM and his country.

*We are not going to take a break for two years before we meet next.

*We will work together in combating terrorism, defence, arms cooperation, on a broad foundation.

*Energy cooperation is very much in the foreground, particularly in rural areas.

*We believe that India’s experience in digitisation will help us. There is great room for further projects.

*We are greatly enhancing cooperation in science technology and vocational fields.

*Economic relations are of great importance. We are gratified to know that our SMEs are welcome in India.

*We made the best possible use of time, we have been able to sign so many agreements.

Comments

 

Other News

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

Vasudhaiva Kutumbakam: How to connect businesses with people

7 Chakras of Management: Wisdom from Indic Scriptures By Ashutosh Garg Rupa Publications, 282 pages, Rs 595

ECI walks extra mile to reach out to elderly, PwD voters

In a path-breaking initiative, the Election Commission of India (ECI), for the first time in a Lok Sabha Election, has provided the facility of home voting for the elderly and Persons with Disabilities in the 2024 Lok Sabha elections. Voters above 85 years of age and Persons with Disabilities (PwDs) with 4

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter