India and Germany Strengthen Bilateral Ties and Discuss Trade and Strategic Cooperation
Key Ideas
- German Chancellor emphasizes the need to avoid one-sided dependencies in strategic areas, advocating for increased engagement with India in business.
- Prime Minister Modi offers India as a prime center for trade diversification and de-risking, highlighting the growing bilateral trade and manufacturing opportunities.
- Germany expresses support towards India's efforts for peace in Ukraine and both countries sign agreements on various areas including green hydrogen, innovation, and technology.
- India and Germany co-chaired the seventh round of Inter-Governmental Consultations, emphasizing the importance of collaboration across sectors in strengthening their strategic partnership.
During a meeting between Indian Prime Minister Modi and German Chancellor Scholz, discussions revolved around enhancing bilateral ties in areas such as defence, trade, and clean energy. Scholz highlighted the importance of avoiding one-sided dependencies, indirectly referring to China, and suggested engaging with India for business opportunities. Modi welcomed this perspective, positioning India as a key center for trade diversification and risk mitigation, encouraging German investment. The leaders also discussed the possibility of a free trade agreement between the EU and India. Both countries signed agreements including the Indo-German Green Hydrogen Road Map, showing a mutual commitment to collaboration in innovative and strategic areas. The meeting concluded with an emphasis on promoting peace and global security, with support for India's role in Ukraine. The co-chaired Inter-Governmental Consultations underscored the deepening of the strategic partnership between India and Germany across various sectors.