Press Esc to close
Wednesday 22 February 2017
News updated at 6:21 PM IST
Weather
Max: 34.5°C
Min : 19.3°C
In Bengaluru
clear sky

PM leaves for home after three-day Germany visit

Berlin, Apr 12 , 2013 (PTI)

Prime Minister Mamohan Singh today left for home after his three-day visit here during which key issues like India-EU FTA were discussed with German Chancellor Angela Merkel articulating the impediments in inking of the pact.

Pitching for investments from Germany and other countries, Prime Minister Singh made it clear during the trip that government's resolve to boost economic growth remains "unwavering".

India and Germany also inked about six key MoUs including that for putting together Euro seven million for next four years towards joint research in the field of higher education and a pact for a soft loan of Euro one billion for strengthening the green energy corridor in India.

Singh was accompanied by External Affairs Minister Salman Khurshid, Commerce and Industry Minister Anand Sharma, Renewable Energy Minister Farooq Abdullah, Human Resource Development Minister M Pallam Raju and Science and Technology Minister Jaipal Reddy.

While a number of issues figured during the discussions held between the two sides, the long pending India-EU FTA was one of the main focus.

Germany pressed India to hike the foreign equity cap in the insurance sector and reduce tariffs on import of automobiles as a prelude to the India-EU Free Trade Agreement.
After talks with Singh, Merkel said that India and the EU have not yet overcome "all the difficulties" in reaching an agreement to conclude the FTA.

India is pressing Germany, the biggest economy in Europe, to provide a "strong political thrust" for inking of broad-based Bilateral Investment and Trade Agreement (BITA) with the 27-nation European block.

Merkel, who jointly co-chaired the second round of Inter-Governmental Consultations (IGC) with Singh, however, minced no words when she said that the increase in the insurance cap by India was "undeniably" an important issue apart from resolution of issues such as tariff rate quota on imports of German cars, Services and Intellectual Property Rights.

Singh on his part said that he and Merkel were agreed on the "importance" of an early conclusion of a "balanced" India-EU FTA.

Germany, which inked six pacts with India in diverse fields including education, agriculture and clean energy, will provide concessional loans of up to Euro one billion over the next six years to foster increased use of renewable energy in India through technical and financial cooperation by way of integrating additional renewable energy generation capacity with the national grid.

The Technical cooperation would be implemented through the German Agency for International Cooperation.

Besides bilateral relations, Iran, Afghanistan and steps to combat terrorism were among other issues that figured during the IGC.

 

Go to Top

Photo Gallery
Election officers gather at a distribution centre to receive Electronic Voting Machines for their...

Election officers gather at a distribution centre to receive Electronic Voting Machines for their...

Polling officers receive polling material at a distribution center on the eve of fourth phase pol...

Polling officers receive polling material at a distribution center on the eve of fourth phase pol...

Polling officers collect election material before departing for their respective booths from a dis..

Polling officers collect election material before departing for their respective booths from a dis..

Electronic Voting Machines being arranged to be distributed to polling officers on the eve of four..

Electronic Voting Machines being arranged to be distributed to polling officers on the eve of four..

Devotees of Swaminarayan arrange to 'Rotla' one type of Chapati for celebrating'Shak Utsav'...

Devotees of Swaminarayan arrange to 'Rotla' one type of Chapati for celebrating'Shak Utsav'...

Indian women cricketers after winning their ICC Women's World Cup Qualifier final...

Indian women cricketers after winning their ICC Women's World Cup Qualifier final...

A Pakistani volunteer carries an injured child to a hospital in Peshawar, Pakistan...

A Pakistani volunteer carries an injured child to a hospital in Peshawar, Pakistan...

Four rare white lion cubs sit besides their mother Kiara at the zoo in Magdeburg, Germany...

Four rare white lion cubs sit besides their mother Kiara at the zoo in Magdeburg, Germany...

A shepherd taking his flock for grazing at a village in Rambha in Ganjam district...

A shepherd taking his flock for grazing at a village in Rambha in Ganjam district...

A Cheetah cub licks it's handler on the BUILD Speaker Series to promote Nat Geo Wild's 'Big Cat...

A Cheetah cub licks it's handler on the BUILD Speaker Series to promote Nat Geo Wild's 'Big Cat...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523