India, Germany Seal €1 Billion Deal for Green and Sustainable Development
Manish Shukla
New Delhi: Germany and India have successfully concluded development policy negotiations, further solidifying their strategic partnership in key areas such as renewable energy, urban development, mobility, and agroecology.
The negotiations, led by the Department for Economic Affairs (Indian Ministry of Finance) and the German Federal Ministry for Economic Cooperation and Development (BMZ), built upon the Partnership for Green and Sustainable Development established in 2022 between Prime Minister Modi and Chancellor Scholz.
“Germany and India share a long-standing, trusting, and strategic partnership,” said Barbara Schäfer, head of the German delegation. “With our commitments this year, Germany has made it clear that it reliably fulfills its international obligations.We are working on triangular projects in Peru and various African countries to leverage our respective strengths.”
Germany has allocated over €1 billion for initiatives in these areas, including concessional loans and technical cooperation. The funds will support projects in renewable energy, transmission lines, urban development, mobility, forest ecosystems, water, sustainable agriculture, vocational education, and cooperation with the National Mission for a Clean Ganga.
The successful cooperation creates favorable conditions for the upcoming Indo-German government consultations in October 2024 between Prime Minister Modi and Chancellor Scholz.
Germany supports Indian farmers in making their agricultural production more climate-resilient, resource-efficient, and sustainable.
“The term ‘sustainable energy transition’ takes on a new quality when Germany and India
combine their unique capabilities, setting a positive example not only in their own countries
but also globally,” said Uwe Gehlen, Head of German Development Cooperation in India and
Minister Counselor at the German Embassy.
The Indo-German partnership has already yielded significant results, including: construction of 7,700 kilometers of modern transmission lines
The development of metros in Mumbai, Surat, and Ahmedabad, as well as the water metro in Kochi, Support for Indian farmers in promoting sustainable agricultural production
