Moneycontrol Be a Pro
Get App
you are here: HomeNewsIndia
Last Updated : Nov 27, 2019 09:17 PM IST | Source: PTI

India, Germany to collaborate on Mumbai Metro and solar energy projects: German official

The government-to-government negotiations come after the visit of German Chancellor Angela Merkel to India earlier this month. She was on a two-day visit to the country for the 5th Indo-German Inter-Governmental Consultations to strengthen bilateral ties.

Representative Image
Representative Image

India and Germany will collaborate on Mumbai Metro and solar energy projects as part of a bilateral cooperation in energy and urban development sectors, a senior official of Germany's Ministry of Economic Cooperation said on November 27.

Talking to reporters here, Director General (Bilateral Cooperation) of the Federal Ministry for Economic Cooperation and Development Claudia Warning said, "Government-to-government negotiations were held on Wednesday and it was decided that 25 concrete projects related to energy cooperation and urban development would be carried out between the two countries."

"Germany has pledged an amount of 1.6 billion euros for projects in energy and energy efficiency and in natural resource management as well as in urban development and urban re-motorisation," she said.

Close

The government-to-government negotiations come after the visit of German Chancellor Angela Merkel to India earlier this month. She was on a two-day visit to the country for the 5th Indo-German Inter-Governmental Consultations to strengthen bilateral ties.

Seventeen agreements were signed between India and Germany in the fields of agriculture, maritime technology, ayurveda and yoga among others, during her visit.

Claudia Warning said, "We decided on concrete 25 projects in concrete areas where we would like to work together which is about working together for the next 3-5 years."

"One example is that we will be taking part in the Metro of Mumbai which is going to be erected very soon so we are going to finance this. We are also going to finance solar water plants for agriculture centre. We are going to finance soil knowledge centre which is very important for small scale farmers," she added.

LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.
First Published on Nov 27, 2019 09:16 pm
Loading...
Follow us on
Available On