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Home arrow News arrow Business News arrow Untapped Potential for High Technology Trade between India and Germany
Untapped Potential for High Technology Trade between India and Germany Print E-mail
Written by Anand   
Tuesday, 14 December 2010
Berlin: India has urged Germany to remove restrictions on high technology transfers to India when PM Manmohan Singh met German Chancellor Angela Merkel in Berlin on Saturday.

"There is vast untapped potential for high technology trade between India and Germany, and I conveyed to Chancellor Merkel that relaxation of German export control laws will open new horizons for such trade. This will be to our mutual benefit," said Dr. Manmohan Singh.

"In 2007, we had identified science and technology as a central pillar of our partnership. We have agreed today to continue to enhance our cooperation in the fields of higher education and renewable energy and energy efficiency," he said.
 
"Vocational training and skill development has emerged as a high priority for our Government. It is critical for the success of our socio-economic development plans. We have chosen Germany as our preferred partner in this field and I am happy to announce that we have agreed to significantly scale up our cooperation in this sector," he added.

Appreciating Germany's support in the nuclear sector Singh said that on the bilateral side, we deeply value Germany’s consistent support, including in the Nuclear Suppliers Group, for the opening of international commerce for India in the field of civil nuclear energy. We have discussed the possibilities of entering into bilateral cooperation in civil nuclear energy. German excellence in the manufacturing and infrastructure sectors is well known. We welcome the steady growth of German investments in India. Despite the economic downturn, we are hopeful that the target of achieving bilateral trade of 20 billion Euros by 2012 will be achieved.

"Germany is the economic powerhouse of Europe, and India’s largest trading partner in Europe. It is playing a key role in ensuring financial stability and economic recovery in the Eurozone. I conveyed India’s full support to Chancellor Merkel in this endeavour. The economic resurgence of Europe is critical for a balanced recovery of the global economy. We have agreed to continue our close consultations within the G-20 framework to work towards such an outcome," he said.

"India and Germany will both be on the United Nations Security Council in 2011 and 2012. We will work closely with Germany both bilaterally and within the G-4, to enhance the effectiveness of the Security Council, as well as in support of the expansion of the permanent and non-permanent categories of its membership. The world must continue to build upon the progress has been made at the Cancun Conference on Climate Change. India will play its part in arriving at a pragmatic and balanced solution within the framework of the UN Framework Convention on Climate Change," Dr Singh added.

Next year marks the 60th anniversary of the establishment of diplomatic relations between India and Germany. Germany will organize a Year of Germany in India beginning September 2011, and India will organize the Days of India in Germany during 2012-13. PM Manmohan Singh has invited Chancellor Merkel to visit India next year.

Last Updated ( Tuesday, 29 November 2011 )
 
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