APN News

Day 2: PM Modi in Germany


Prime Minister Narendra Modi will hold wide-ranging talks with German Chancellor Angela Merkel on Tuesday, focusing on how the tech-giant can work with India in its developmental agenda.

During his talks, the Prime Minister will seek Germany’s support for the ‘Make in India’ campaign launched in 2014 to promote economic growth and to create millions of new jobs by boosting manufacturing and attracting investments.

Germany is the 8th largest foreign investor in India.

Its Foreign Direct Investments in India during January-November 2014 was valued at around USD 995.7 million.

More than 1,600 Indo-German collaborations and around 600 Indo-German joint ventures are currently in operation.

The German Chancellor will also host a lunch in honour of prime minister Narendra Modi on Tuesday.

Earlier Prime Minister Narendra Modi on Monday visited Siemens Technical Academy in Berlin.

Prime Minister arrived in Berlin from Hannover on the second leg of his maiden visit to Germany.

Prime Minister interacted with the researchers at the academy.

Prime Minister Narendra Modi has also invited German companies in India by promising a much more transparent, responsive and stable regulatory regime.

Addressing the Indo-German Business Summit at Hannover on Monday, the Prime Minister said India now offers a friendly environment and simplified procedures for Foreign Direct Investments.

The Prime Minister attended the inaugural session of the Summit along with German Chancellor Angela Merkel.

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