Germany Announces Euro 1 Billion Solar Power Fund, 18 Pacts Inked

A deal to fast track approvals for German companies in India and Euro 1 billion solar power fund by Germany were among major takeaways from the talks between Prime Minister Narendra Modi and Chancellor Angela Merkel as both sides inked 18 MoUs to scale up ties in strategic areas.

Co-chairing the third summit-level Inter-Governmental Consultations, PM Modi and Chancellor Merkel agreed to enhance ties in key areas of defence, security, intelligence, railways, trade and investment, clean energy, besides deciding to work closely to combat threat of terrorism.

“We see Germany as a natural partner in achieving our vision of India’s economic transformation. German strengths and India’s priorities are aligned.