"Europe important strategic region, Germany one of our most important partners": PM Modi
Prime Minister Modi Highlights 25 Years of India-Germany Partnership
Prime Minister Narendra Modi emphasized the importance of the India-Germany strategic partnership, which has reached its 25th year, during his address at the News9 Global Summit. He described Europe as a vital region for India in terms of trade and geopolitical relations, with Germany being a key partner.
Significant Milestones
PM Modi noted the historic nature of this year for the Indo-German partnership. He mentioned German Chancellor Olaf Scholz's visit to India in October and the Asia-Pacific Conference of German Businesses held in Delhi. During this conference, Germany released the 'Focus on India' document and a Skill Labour Strategy for India, marking the first country-specific strategy by Germany.
Economic Growth and Collaboration
Highlighting India's rapid economic growth, PM Modi stated that many countries are eager to collaborate with India. He pointed out that over 1800 German companies operate in India, investing USD 15 billion in recent years. The bilateral trade between the two nations amounts to USD 34 billion, with Germany being India's largest trading partner in Europe.
Trade Statistics
According to the Embassy of India in Berlin, Germany was among India's top ten global partners, ranking seventh in FY 2020-21. During 2021-22, bilateral trade increased by 16%, with Indian exports rising by 27% and imports by 10%.
Doubts Revealed
Prime Minister Modi
Prime Minister Modi is the leader of India. He is responsible for making important decisions for the country and representing India in international matters.
India-Germany Partnership
The India-Germany Partnership is a special relationship between the two countries where they work together on various projects and trade. This partnership has been going on for 25 years.
News9 Global Summit
The News9 Global Summit is a big meeting where leaders and experts from around the world come together to discuss important global issues. It is like a conference where people share ideas and plans.
Geopolitical relations
Geopolitical relations refer to how countries interact with each other on a global scale. It involves politics, economics, and strategic interests between nations.
German Chancellor Olaf Scholz
Olaf Scholz is the leader of Germany, similar to the Prime Minister in India. He makes important decisions for Germany and represents the country in international matters.
Asia-Pacific Conference of German Businesses
This is a meeting where German businesses discuss opportunities and challenges in the Asia-Pacific region, which includes countries like India. It helps in building business relationships and exploring new markets.
Bilateral trade
Bilateral trade is the exchange of goods and services between two countries. In this case, it refers to the trade between India and Germany.
USD 34 billion
USD 34 billion is a large amount of money that represents the total value of goods and services traded between India and Germany. USD stands for United States Dollar, which is a common currency used in international trade.
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