India-Germany Partnership Strengthens with Focus on Manufacturing and Investment
Key Ideas
  • Prime Minister Modi and Chancellor Scholz discussed strengthening the India-Germany partnership, focusing on manufacturing and investment.
  • Modi invited Germany to invest in India, highlighting the country's democratic traditions, data capabilities, and strengths in artificial intelligence.
  • Scholz praised India's skilled workers and increased the number of visas for them, emphasizing the comprehensive friendship between the two nations.
  • Both leaders advocated for economic openness, with Scholz warning against protectionism and emphasizing the importance of long-term prosperity through openness.
During dynamic discussions, Prime Minister Narendra Modi and German Chancellor Olaf Scholz focused on strengthening the India-Germany partnership. Modi emphasized India's aspirations to become a manufacturing hub, inviting Germany to invest in the country. He highlighted India's democratic traditions, data capabilities, and expertise in artificial intelligence. Modi welcomed investment in sectors like green hydrogen, artificial intelligence, quantum computing, and digitalization, aiming for German participation in India's growth story. Chancellor Scholz acknowledged the friendship between the two nations, mentioning the Indo-German business meeting and the presence of German frigates in Goa. He praised India's skilled workers and increased the number of visas for them from 20,000 to 90,000. Scholz also addressed global conflicts in regions like Russia-Ukraine, the Middle East, and the East and South China Sea, urging China to give up its special treatment as a developing country. Both leaders advocated for economic openness, with Scholz warning against high tariffs and protectionism. He emphasized that protectionism would lead to weak growth, advocating for openness without naivety. Scholz hoped for swift progress on the free trade agreement with Europe, suggesting that the process should take months instead of years. The discussions highlighted the positive outlook on collaboration between India and Germany, focusing on mutual investment, skilled labor exchange, and economic openness.
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