India and Germany on Monday signed and exchanged 27 Memorandums of Understanding (MoUs) and Joint Declarations of Intent, and made eight key announcements here.
German Federal Chancellor Friedrich Merz’s in his maiden visit to the country after taking over also committed new funding worth EUR 1.24 billion under the flagship bilateral Green and Sustainable Development Partnership (GSDP), supporting priority projects in renewable energies, green hydrogen, PM e-Bus Sewa, and climate-resilient urban infrastructure.
The Joint Declarations of Intent spanned across sectors including critical minerals, upskilling, telecommunications, semiconductor innovation and bilateral defence industrial cooperation.
Chief MoUs signed
Chief amongst the MoUs were between the National Institute of Electronics & Information Technology and Infineon Technologies AG to further innovation in critical minerals and emerging technologies, an Offtake Agreement for the purchase of up to 5,00,000 tonnes of green ammonia per year from India-based AM Green to Germany-based Uniper Global Commodities.
Other important agreements include an MoU between the National Maritime Heritage Complex and German Maritime Museum-Leibniz Institute for Maritime History for the Development of National Maritime Heritage Complex (NMHC) at Lothal, Gujarat and between All India Institute of Ayurveda and Charite University, Germany to foster study and innovation in traditional medicines.
Merz’s 25-member delegation
Merz’s 25-member delegation of CEOs travelling to India includes the CEO of Thyssen Krupp Maritime Systems (TKMS), Oliver Burkhard and top executives of a submarine manufacturer, amid India’s approaching USD 8 billion submarine deal with Germany.