India, Germany to Strengthen Bilateral Ties, investments: German Vice Chancellor

World

Germany’s Vice-Chancellor and Minister of Economic Affairs and Climate Action, Robert Habeck arrived in New Delhi on Thursday, for his three-visit to India. He landed in India with high-ranking officials and business delegations including top executives of large and medium companies. He is also expected to visit three Indian cities during his visit.

German ambassador to India, Philip Ackerman welcomed the Robert Habeck by posting a tweet.
He inaugurated the Indo-German Business Forum In Delhi under the heading “Inviting Innovation: Transforming the Economy for a shared sustainable future”.

While talking to reporters on the sidelines of the Indo-German Business Forum in New Delhi on July 20 he said, India and Germany intend to further strengthen bilateral cooperation and increase collaboration and investment among companies.

He also noted that China is Germany’s biggest trading partner and China holds the investment by multiple German and European countries. But being dependent on only one market could pose a risk so we want to diversify the investment to other countries. India is a huge market and presents a tremendous opportunity to investors across the world. In that case, the Indo-German partnership and other ones as well become more important he said.

He acknowledged the importance of diversification and de-risking on the economic front.
He also mentioned that it is in the mutual interest of both countries to strengthen cooperation, bring more and more investments, and establish strong collaboration between companies.

He will also visit Mumbai and is expected to engage with the Maharashtra Government to visit a non-governmental project supporting sustainable development.
Vice-Chancellor Habeck will also visit Goa to attend the G20 Energy Ministers meeting.