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Germany and India sign two important intergovernmental agreements

01.08.2018 - Press release

Germany and India signed two important intergovernmental agreements with a total volume of 653,7 Mio. Euro (5253 Crore INR) on 1st August.

Signing of agreements on financial and technical cooperation within the framework of Indo-German development cooperation
Signing of agreements on financial and technical cooperation within the framework of Indo-German development cooperation© German Embassy New Delhi

The priority areas are renewable energy and energy efficiency, with two large programs that Germany considers as flagships: the Green Energy Corridors and the Indo-German Solar Partnership.

At the press conference Ambassador Dr. Ney said:

Germany & India celebrate the 60th anniversary of their bilateral development cooperation this year
Germany & India celebrate the 60th anniversary of their bilateral development cooperation this year© German Embassy New Delhi


“India and Germany share the same vision of a peaceful and sustainable development of our globe, based on the Sustainable Development Goals of the UN and the climate negotiations of Paris 2015. India is our biggest bilateral cooperation partner. Since 2013, the German government has committed for

Group photo
Group photo© German Embassy New Delhi

India more than one billion euros every year in development cooperation. Together with ongoing projects that we agreed on earlier, we have programs under implementation, which are worth more than 5 billion euros. We invest so much because Germany is convinced that the programs will have a transformative impact through expanding renewable energy in India and reducing

Ambassador Dr. Ney with Joint Secretary Sameer Kumar Khare (Department for economic affairs, Ministry of Finance)
Ambassador Dr. Ney with Joint Secretary Sameer Kumar Khare (Department for economic affairs, Ministry of Finance)© German Embassy New Delhi

greenhouse gas emission, thereby benefitting both our nations.”

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