A peek into both the countries relations with each other
German Chancellor Angela Merkel is on a three-day visit to India. She will hold talks with Prime Minister Narendra Modi on issues such as trade, investments and increased bilateral cooperation in a number of development projects in diverse fields. Even though the bilateral trade between the two countries is around $18 billion, it is nowhere close to what it can be. Both the leaders will aim to improve the situation.
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Here we are going to tell you about the important things that you should know about Indo-German relations.
- India and Germany are strategic partners since 2001.
- Germany is India’s largest trading partner in the European Union
- Germany is the seventh largest investor in India
- The overall exchange of goods and services between the two countries was valued at around 15.96 euros last year.
- India’s exports to Germany rose marginally to 7.03 billion euros in 2014, its German imports dropped to 8.92 euros from 9.19 billion euros last year.
- More than 1,600 Indo-German collaborations and around 600 Indo-German joint ventures are currently in operation.
- Tuesday’s meet is the second bilateral meeting between PM Modi and German Chancellor Angela Merkel.
- The German leader, who met PM Modi at Hannover Messi in April, is in India for the 3rd inter-governmental (IGC) between both the countries.
- The IGC is a unique summit-level dialogue with cabinet participation of both governments to help advance the bilateral partnerships across priority areas of mutual interest.
- Germany’s competencies in manufacturing, high technology, clean energy, water and waste management provide a robust foundation for enhanced partnerships in a range of priority areas.
- There are more than 2,000 Indian companies operating in Germany. Sectors of IT, automotive, pharma and biotech have received a bulk of Indian investments.
- Approximately 10,000 Indian students are studying various courses in Germany and on the other hand there are around 800 German students who are studying or doing their internships in .
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