‘Digital savvy’ India to be of great help to Germany, says Merkel

By: |
October 5, 2015 4:36 PM

German Chancellor Angela Merkel on Monday praised Prime Minister Narendra Modi's 'Digital India' initiative, saying that India's experience in digitisation will help Germany and that there is great room for further projects.

German Chancellor Angela Merkel on Monday praised Prime Minister Narendra Modi’s ‘Digital India’ initiative, saying that India’s experience in digitisation will help Germany and that there is great room for further projects.

“We made the best possible use of time and have been able to sign so many agreements. Economic relations are of great importance and we are greatly enhancing cooperation in science technology and vocational fields,” Merkel said here in the joint statement.

Talking about energy cooperation by both nations, she added that it is very much in the foreground, particularly in rural areas, but sustainable development can only be ensured when rural areas are not being neglected.

“We will work together in combating terrorism, defence, and arms cooperation on a broad foundation. We were taking stock of political issues, realised the world is full of conflicts. Will intensify our cooperation in this as well,” Merkel added.

On returning the famous 9th century idol of Mahishasumardini stolen from Pulwama district in Jammu & Kashmir in 1990s, Merkel said that she knew the Durga statue was of great importance to the people of India.

“We are not going to take a break for two years before we meet next are going to be candid in the future to make the process run smoothly,” Merkel added.

Prime Minister Modi assured Merkel than India can look forward to see cooperation transform into trade, investments

“In course of the past year, our ties have deepened. Germany is a natural partner in India’s economic transformation,” he said at the joint statement.

A framework memorandum of understanding (MoU) was signed earlier today between the Department of Heavy Industries (DHI), India and Fraunhofer, Germany with later as a Technology Resource Partner.

The objective of the MoU is to support and augment the ‘Make in India’ programme through increasing the innovation and technology prowess of Indian industry.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Run-up to polls: Private gencos want Tamil Nadu to clear dues
2ED probe into Kerala govt body causes a flutter: state FM Thomas Isaac
3Private power plants seek Odisha govt’s help to cut water charges