“This has been a productive visit, which has taken India-Germany ties to newer heights”, the Prime Minister tweeted.
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Meanwhile, German Foreign Minister Frank-Walter Steinmeier urged India to provide better facilities to German companies, which were concerned about “too much red tape, infrastructure hurdles, corruption, lack of skilled labour (and) tax disputes” in the South Asian country.
The Constitutional (One Hundred and Twenty Second Amendment) Bill or GST Bill was passed in Lok Sabha a year ago but the government could not get it passed in Rajya Sabha due to Opposition disruption. However, the ministry is re-introduce German language teaching under additional foreign language.
Ahead of Merkel’s visit, German Ambassador Martin Ney said the third Inter-Governmental Consultations are expected to come out with “path-breaking results” and inking of “substantial” number of agreements between the two countries. Moreover, the time required for their investments in India to bear fruit was simply too long for Germany’s economic powerhouse, medium sized business.
German Chancellor Angela Merkel hopes Volkswagen would quickly create transparency and sort things out. As per the alliance the two countries will have a focus area covering 7 major areas which will include next generation solar technology, renewable energy storage, super efficient appliances and buildings, zero emission passenger and freight services and off chore wind.
A framework memorandum of understanding (MoU) was signed earlier as we speak between the Department of Heavy Industries (DHI), India and Fraunhofer, Germany with later as a Technology Resource Partner. On Indo-German business ties, Modi said they remain below full the economic potential and India wants to develop relationship with Germany in various sectors.
India and Germany signed 16 MOUs on Monday, including one on cooperation in solar energy.
Upon her arrival in New Delhi, Chancellor Merkel said that Germany was ready to help revive the Indian economy by implementing various development projects. The candidates should take note of various agreements signed between the two countries and the modalities of the visit.
Easily of business being Merkel’s top priority, India agreed to give German firms similar privileged treatment that Japanese companies now receive.
Both sides issued a joint declaration on continuation of cooperation in the field of advanced training of corporate executives and junior executives from India.
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Reacting, Merkel said: “We’ve comprehended, Prime Minister, that climate protection must be adopted by the individuals – who also must reap a gain”.
