Advertisement

Germany and India will expand their collaboration in renewable energy and defence

  • Web Desk
  • Share

Germany

Germany and India will expand their collaboration in renewable energy and defence

Advertisement
  • Germany and India agreed to collaborate on technologies.
  • Chancellor said he would personally make an effort to expedite a trade agreement with India.
  • The two sides also committed to expanding their collaboration on green hydrogen.
Advertisement

On Chancellor Olaf Scholz’s first visit to India as leader, Germany, and India agreed to collaborate on technologies to make the transition to renewable energy easier, as well as to strengthen defense cooperation and commerce.

“We want to further strengthen trade ties between the European Union and India,” Scholz said in New Delhi after meeting Indian Prime Minister Narendra Modi. The chancellor said he would personally make an effort to expedite a trade agreement.

The two sides also committed to expanding their collaboration on green hydrogen “to achieve a socially just, economically sustainable, secure, and affordable energy supply,” according to a joint statement issued following the meeting.

Scholz and Modi also discussed the conflict in Ukraine and the consequences of food and fertilizer shortages. The two parties also agreed to expand their defense cooperation. There have been negotiations about the collaborative development of defense equipment, according to India‘s Foreign Secretary Vinay Kwatra in a separate briefing.

ThyssenKrupp Marine Systems, a German defense manufacturing powerhouse, is one of two worldwide bidders for a $5 billion contract to build six conventional diesel-electric submarines in India.

While Prime Minister Modi stated that India wants to cooperate more closely with Germany to “realize the untapped potential in defense cooperation,” Kwatra acknowledged that the two leaders also discussed collaborative submarine design and manufacturing.

Advertisement

Also Read

Germany will not forsake earthquake victims, says Scholz

Germany is supporting the earthquake victims in Turkey and Syria. Germany will...

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
Trump leads with 312 electoral votes, Harris trails at 226 in final tally
Trump’s White House comeback puts criminal cases on pause
World leaders congratulate Trump on election win
Here’s how the voting process works in US
Early voting returns may mislead US election results
Now is the time to end Gaza war; says US
Next Article
Exit mobile version