“An important aspect of digitization is the intelligent networking of hardware and software, in short: 'Industry 4.0'. India and Germany are natural partners in this area,” said Ambassador Dr. Ney.
It is important to set common standards for new technologies. That is why a free trade agreement between the European Union and India remains important. VDMA President Welcker reiterated this demand: “India and the EU could join forces and create a positive approach towards free trade, especially in light of the current world situation with a tendency for more protectionism.”