PM Modi Highlights Indo-German Partnership As Key To Sustainable Growth

PM Modi Highlights Indo-German Partnership As Key To Sustainable Growth

Prime Minister Narendra Modi underscored the growing importance of India-Germany relations during the News9 Global Summit. He called Germany one of India’s most critical partners and Europe a vital strategic region for trade and geopolitical cooperation.

Key Milestones in the Partnership

• 25 Years of Strategic Partnership:
  PM Modi highlighted the 25-year milestone of the Indo-German strategic partnership, calling 2024 a historic year for bilateral relations.
• German Chancellor’s Visit:
  German Chancellor Olaf Scholz’s October visit marked his third trip to India. The Asia-Pacific Conference of German Businesses, held in Delhi after 12 years, launched Germany’s Focus on India document and the Skill Labour Strategy for India.

Economic Collaboration Strengthens

PM Modi lauded India’s position as the fastest-growing economy, which attracts global partnerships. He emphasized Germany’s growing investment and trade with India:

• Over 1800 German companies operate in India.
• German firms invested $15 billion in the last 3-4 years.
• Bilateral trade stands at $34 billion, with promising growth potential.

Germany: India’s Leading European Partner

Germany has consistently ranked among India’s top trading partners globally, with bilateral trade surging 16% in 2021-22. Indian exports grew by 27%, reflecting a robust partnership that benefits both nations.

A Vision for the Future

PM Modi expressed confidence in further strengthening ties with Germany, emphasizing mutual growth and collaboration. The partnership sets a strong foundation for sustainable development and enhanced global trade relationships.