India desires to take its economic ties and collaborations with Germany to a new level, President Pranab Mukherjee told visiting German Chancellor Angela Merkel in Delhi. 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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Summary: “It makes even better business sense to Make in India.”At a time of global slowdown, India represents a bright spot for investments”.
Wolfgang Schaeuble said Tuesday, citing a “very nervous and fragile situation” as states and towns struggle to house, feed and police the stream of people fleeing war and poverty. “We are fortunate to be sailing in the right direction”, Modi said, but cautioned that “we can not afford to be complacent”.
“We have introduced the GST bill in Parliament and are hopeful to roll it out in 2016,” he 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.
Forsa chief Manfred Guellner said Merkel’s Christian Democrats (CDU) were losing most support in eastern Germany and its Bavarian sister party, the Christian Social Union (CSU), was also down sharply.
“India needs highly skilled jobs and Germany needs highly skilled labour”.
Germany has pledged to lend a few Euro 1 billion (USD 1.12bn) to India for the development of solar power projects in the Asian country over the next five years.
During the almost two-hour long visit, the two leaders, accompanied by a high-level German delegation, walked through the Bosch Innovation Center and the vocational training centre, enquiring about the company’s research, engineering, and vocational education activities in India.
Mr Modi called on German firms to invest in Asia’s third largest economy to provide jobs for millions of young people.
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As per sources, under the broad understanding between the two sides, India will continue to teach German as an additional language in keeping with its three-language policy while Germany will promote Indian languages, including Sanskrit, in their educational institutions.
