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Merkel and Modi Discuss Bilateral Ties, Trade and Investment

Prime Minister Narendra Modi and German Chancellor Angela Merkel discuss ways to improve bilateral ties.

Updated
India
3 min read
Merkel and Modi Discuss Bilateral Ties, Trade and Investment

Prime Minister Narendra Modi and German Chancellor Angela Merkel held talks on Monday to discuss stepping up bilateral cooperation in a range of key areas.

Special emphasis was on ramping up trade and investment at a time when the global economic slowdown is emerging as a major concern.

Prime Minister Narendra Modi welcomes German Chancellor Angela Merkel. (Photo: PTI)

The two leaders jointly addressed the press after their meeting, highliting key points from their discussions.

We see Germany as a natural partner in achieving our vision of India’s economic transformation. German strengths and India’s priorities are aligned.
— Narendra Modi, Prime Minister

PM Modi and Chancellor Merkel represent 50 per cent of the G–4 countries. (Photo: AP)

In an “ambitious” attempt to boost investment, PM Modi has announced easy licenses for German companies seeking to set up shop here.

Indian Minister of External Affairs, Sushma Swaraj (L) with German Chancellor Angela Merkel (R). (Photo: Flickr.com/MEAIndia)

Germany is also keen to improve cultural exchange between the two countries, through vocational and professional courses for students.

The world is full of conflict. India and Germany are working for peaceful, diplomatic and political solutions.
— Angela Merkel, Chancellor, Germany

While Germany is interested in Indian expertise in software development, German firms will help set up solar energy projects in rural India .

I place great value on Germany’s assistance of over one billion Euros for India’s Green Energy Corridor and a new assistance package of over a billion Euros for solar projects in India.
— Narendra Modi, Prime Minister

India and Germany are strategic partners since 2001. The German Chancellor’s visit comes around six months after PM Modi’s tour to Germany in April. Both leaders are expected to meet again in Paris later this year at the 21st Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change.

German and Indian delegations talk over lunch. (Photo: Twitter.com/@MEASpokesperson)
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India-Germany Ties

Germany is India’s largest trading partner in the European Union and the seventh largest foreign investor in India.

The overall exchange of goods and services between the two countries was valued at around around 15.96 billion Euros last year, a drop of 1.14 billion Euros from 2013.

While India’s exports to Germany rose marginally to 7.03 billion Euros in 2014, its German imports dropped to 8.92 billion Euros, from 9.19 Euros in the previous year.

More than 1,600 Indo-German collaborations and around 600 Indo-German joint ventures are currently in operation.

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

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