India and Germany signed seleveral MoUs during the recent visit of the Chancellor of Germany to India. Some of these MoU included an arrangement for exchange of personnel between ISRO and German Aerospace Centre, joint declaration of intent on cooperation in the field of civil aviation, joint declaration of intent on cooperation within the International Smart Cities Network, among others.
Germany has announced a €200 mn loan for Indian discoms. The agreement for this loan was signed between German development bank KfW and Power Finance Corporation during the 8th Indo-German Energy Forum meeting in New Delhi.
In a major development following the Centre’s entry into an allotment agreement with the West Bengal Power Development Corporation for the world’s second largest coal block Deocha Pachami Dewanganj-Harinsingha, German mining majors are reportedly keen on exploring underground mining in the state.
EXCON 2019 – South Asia’s largest construction equipment and construction technology trade fair organised by the Confederation of Indian Industry (CII) will demonstrate the role of smart technologies and next gen construction equipment in accelerating the growth of infrastructure in the country
With a trade history that spans over 500 years, India and Germany share a strategic partnership based on strong business and economic links. Over the years, along with increased bilateral trade, German companies have discovered new business and investment opportunities in India, as have Indian firms in Germany.