Study Material | Test Series
Drishti IAS
call1800-121-6260 / 011-47532596
Drishti The Vision Foundation
(A unit of VDK Eduventures Pvt. Ltd.)
prelims Test Series 2019
बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
India-Germany Sign 18 Agreements
Oct 07, 2015

India and Germany agreed to enhance ties in key areas of defence manufacturing, trade, intelligence and clean energy during wide-ranging talks between Prime Minister Narendra Modi and visiting German Chancellor Angela Merkel.

Both countries signed 18 deals, including on renewable energy and fast-tracking approvals for German companies to operate in the country.

India-Germany-Sign-18-Agreements

  • India and Germany also signed a deal to fast-track business approvals, an arrangement to make it easier for German companies to operate in Asia's third largest economy.

  • The fast-track approvals process will ensure that German firms will have a single point of contact in the Indian administration, helping them to navigate a web of red tape that often thwarts business initiative.

  • The pacts signed included joint declaration of intent between HRD ministry and the federal foreign office of Germany regarding the promotion of German as a foreign language in India and the promotion of modern Indian languages in Germany.

  • The two sides also announced setting up a Fast-Track system for German companies in India.

  • The two countries signed agreements worth $2.25 billion on German investment in developing India's clean energy corridors and solar energy industry, ahead of the crucial UN climate change talks to be held in Paris in December.

  • The pacts signed included joint declaration of intent between HRD ministry and the federal foreign office of Germany regarding the promotion of German as a foreign language in India and the promotion of modern Indian languages in Germany.

  • The two sides also announced setting up a Fast-Track system for German companies in India.

  • The two sides also discussed resuming stalled India-EU Free Trade Agreement negotiations -- a market-opening pact to boost bilateral commerce on which talks began in 2007.

Germany is India's most important trading partner in Europe. Trade was worth nearly $17.9 billion in 2014—mostly chemicals, machine tools, electrical goods and textiles.


Helpline Number : 87501 87501
To Subscribe Newsletter and Get Updates.

http://www.drishtiias.com/upsc-current-affairs-article-India-Germany-Sign-18-Agreements