In her address at the summit, Merkel said here country is interested in partnering with India in skill development, railways, infrastructure, energy, mobility and training.
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Positioning India as a “bright spot” for investment in the current global slowdown, Prime Minister Narendra Modi today said it makes strong business sense to be in the country, assuring investors of simple and predictable tax regime as well as IPR protection.
Germany received 43,071 applications for asylum last month, a 126 percent rise from a year ago, said the interior ministry, and the number of initial registrations by people arriving in the country rose to 164,000 in September.
“We have introduced the GST bill in Parliament and are hopeful to roll it out in 2016,” he said. “In the framework of Skill India we need business links, science links and political links”, she said.
Modi and Merkel are participating in an event hosted by the National Association of Software and Services Companies (Nasscom) and the German Fraunhofer Institute on Digitising Tomorrow.
Germany on Monday offered olive branch to India on clean energy, as the European powerhouse offered Euro 2 billion to the Narendra Modi government for developing a clean energy corridor and implementing solar projects. They have also welcomed the agreement reached by the two leaders that a Dollars 100 billion climate corpus should be generated through public funding.
PM Modi and Merkel visited the German automotive firm Bosch’s facility in Bengaluru to get a firsthand view of the company’s operations in India.
The two leaders held talks in Delhi on Monday during Ms Merkel’s first visit to India since Mr Modi’s party stormed to power in May previous year promising to reform and revive the economy. Later, senior officials of the two countries signed 18 Memoranda of Understandings, including one on the basis of which a few India-Germany flights would have armed marshals to thwart hijacking bids.
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It further said that Germany welcomes India’s intention to transform its energy sector by increasing the share of renewable energy, particularly solar, in electricity generation, consistent with its goal of 175 gigawatts of renewable energy by 2022.
