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Merkel visit: 18 MoUs inked, economy, security, languages in focus

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New Delhi: India and Germany on Monday gave a major boost to their bilateral ties, especially in the economic field, by inking 18 MoUs, including one for setting up a fast-track system for German companies in India, as Prime Minister Narendra Modi and German Chancellor Angela Merkel held talks here.

The range of MoUs, signed during Merkel visit, includes one on security cooperation, and another for promotion of German as a foreign language in India and for the promotion of Modern Indian languages in Germany.

Modi, in his speech, termed the bilateral mechanism of Inter-Governmental Consultation (IGC) as unique, saying it had helped bring growth in relations.

“We see Germany as a natural partner in achieving our vision of India’s economic transformation. German strengths and India’s priorities are aligned. And, so is our mutual goodwill,” he said, after holding the 3rd IGC with Merkel here.

He said both sides had convergence of views and rapidly growing cooperation in the field of clean energy and combating climate change.

Both agreed on the India-Germany Climate and Renewable Alliance for combating climate change, Modi said, and thanked Germany for its over one billion euro aid each for India’s Green Energy Corridor project and for solar projects in India.

“We look forward to a concrete outcome at COP21 (Conference of Parties) in Paris,” Modi said.

He said both sides will see a boost in partnership in areas of defence manufacturing, trade in advanced technology, intelligence, and countering terrorism and radicalism.

He thanked Germany for its strong support for India’s membership of the international export control regimes.

“As we discussed in the G4 Summit in New York, Chancellor and I are committed to pursue reforms of the United Nations, especially the Security Council,” Modi said.

He also thanked Merkel for the return of a 10th century statue of Durga in her Mahishasurmardini avatar from Jammu and Kashmir.

Modi said the statue is a symbol of the victory of good over evil.

He said: “This also suggests that in this age of transitions and turmoil, India-Germany partnership will be a force of good for the world.”

Merkel, in her media statement, said both sides held very good IGC and bilateral talks. She said the IGC mechanism has underscored the intensity of bilateral ties with India.

She said the inking of so many agreements is a “testimony to the dynamic relations”. She said more than 1,500 German companies are in India and more would be glad to open up in India. She commended the inking of the fast track agreement on German companies. “The speed at which you grant licences has increased, which is a good thing,” Merkel said.

She said Germany can help India in the area of sustainable development in the villages.

On expansion of the UN Security Council, Merkel referred to the meeting of the G4 countries of India, Germany, Japan and Brazil last week in New York and said the members of G4 are trying to seek permanent seat at the UNSC.

Both sides inked an agreement on security cooperation; an MoU on Solar Energy Partnership; for cooperation in the field of Skill Development and Vocational Education and Training; on Security Cooperation; railways and for cooperation in disaster management.

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Prime Minister Narendra Modi Stern On Intensifying India-Korea Economic Relations

India features among the top 10 trade partners of South Korea and is the sixth largest export destination for S Korean goods with the trade volume reaching $21.5 billion in 2018. 

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Noting that this was his third interaction with the Korean business leaders in 12 months, Modi said: "Negotiations to upgrade the comprehensive economic partnership agreement (CEPA) have been fast-tracked to achieve the bilateral trade target of $50 billion." Pixabay

Making a call to intensify the India-Korea economic relations, Prime Minister Narendra Modi here on Thursday urged more Korean businesses to turn their attention towards India.

“I wish to see more and more Korean businesses turning their attention to India,” Modi said.

Addressing the India-Korea Business Symposium, Modi who is on a two-day official visit to South Korea, said India has become one of the most open countries for foreign direct investment (FDI), recording $250 billion inflow in the past four years.

India
Highlighting the sound fundamentals and that the Indian economy is on its way to become a $5 trillion economy soon, Modi said no other large economy in the world has grown at 7 per cent year after year.
Pixabay

Noting that this was his third interaction with the Korean business leaders in 12 months, Modi said: “Negotiations to upgrade the comprehensive economic partnership agreement (CEPA) have been fast-tracked to achieve the bilateral trade target of $50 billion.”

India features among the top 10 trade partners of South Korea and is the sixth largest export destination for S Korean goods with the trade volume reaching $21.5 billion in 2018.

Money
Trade Groups Claim, American’s Detention Is A Potential Moment For Russia. Pixabay

“Not just trade, in terms of investment also we are seeing a positive turn. Korean investments into India have reached a cumulative figure of almost $6 billion,” the Prime Minister said.

Noting that the South Korean National IT Industry Promotion Agency (NIPA) has opened its India office in Bengaluru to facilitate Korean startups in India, the Prime Minister said both the countries have decided to set up a future strategy group (FSG) and a centre for research and innovation cooperation.
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Highlighting the sound fundamentals and that the Indian economy is on its way to become a $5 trillion economy soon, Modi said no other large economy in the world has grown at 7 per cent year after year.

India, he said, has jumped to the 77th spot on the World Bank’s “ease of doing business” rankings on the back of reforms and is determined to break into the top 50 next year. (IANS)