With German Chancellor Angela Merkel set to visit India early October, the two countries are working to take up several issues...
With German Chancellor Angela Merkel set to visit India early October, the two countries are working to take up several issues, including India-EU FTA, skills development, Make-in-India campaign, defence production, railways, renewable energy and trade and commerce.
On her two-day visit starting October 4, Merkel and a delegation comprising a number of ministers will hold inter-governmental consultations with the Indian government.
The newly-appointed German Ambassador Martin Ney during his first interaction with mediapersons said India has “enormous” investment potential for which “right conditions” have to be created. According to Ney, Germany was very keen on expanding trade cooperation with India and expressed hope that both sides will be able to firm up a number of agreements during Merkel’s visit.
“The potential in this country is enormous but the investment conditions have to be right and their legal clarity; legal protection of intellectual property rights is an important element for investor to come and engage long term in India,” Ney told reporters.
Senior officials told FE that the possibility of resuming the stalled India-EU FTA negotiations is also being worked on. Recently, Cesare Onestini, acting head of delegation, Delegation of the European Union to India, said, “The EU remains committed to continue working towards conclusion of an agreement between India and the EU that will be acceptable to both sides.”