Twin green pacts signed, India to get 900 million euros from Germany

This includes 5.45 million euros for consultancy projects of German Environment Ministry and a commitment for 250 million euros to support the feeding of power from renewable sources into India’s grid.

New Delhi | Updated: February 6, 2014 8:17 am
Prime Minister Manmohan Singh and German President Joachim Gauck during a meeting at Hyderabad House in New Delhi on Wednesday. (PTI) Prime Minister Manmohan Singh and German President Joachim Gauck during a meeting at Hyderabad House in New Delhi on Wednesday. (PTI)

India and Germany on Wednesday signed two agreements on “green energy corridors” under which Delhi will receive almost 900 million euros loan from the European nation.

This includes 5.45 million euros for consultancy projects of German Environment Ministry and a commitment for 250 million euros to support the feeding of power from renewable sources into India’s grid.

The agreements were signed as German President Joachim Gauck, who is currently visiting India, met PM Manmohan Singh in New Delhi. The two held talks for an hour-and-half and discussed issues such as trade, science and technology, vocational training and Afghanistan. While there was no official statement from either side on the talks, sources termed them “very warm” and “cordial”.

“We have adjusted our cooperation instruments in line with the times. India is an emerging economy that still requires high levels of investment. At the same time, it is an equal partner for us. By focusing our cooperation on energy efficiency and renewable energy… we are addressing issues important for the future,” said Germany’s minister for economic cooperation and development Gerd Mueller after he signed the agreements with Finance Minister P Chidambaram.

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  1. A
    Aditya
    Feb 6, 2014 at 7:42 am
    ग्रीन एनर्जी कोरिडोर समझौते के तहत जर्मनी ने माना है कि मौजूदा दौर में भारत एक उभरती हुई अर्थव्यस्था है लिहाजा भारत में इंवेस्टमेंट करना फायदेमंद होगा। जिस बात को मनमोहन सरकार कहती थी उनके अर्थव्यस्था में सुधार का दूरगामी परिणाम होगा सो वह अब दिखने लगा।
    Reply
  2. A
    Aditya
    Feb 6, 2014 at 7:42 am
    ग्रीन एनर्जी कोरिडोर समझौते के तहत जर्मनी ने माना है कि मौजूदा दौर में भारत एक उभरती हुई अर्थव्यस्था है लिहाजा भारत में इंवेस्टमेंट करना फायदेमंद होगा। जिस बात को मनमोहन सरकार कहती थी उनके अर्थव्यस्था में सुधार का दूरगामी परिणाम होगा सो वह अब दिखने लगा।
    Reply
  3. A
    amit
    Feb 6, 2014 at 7:49 am
    भारत और जर्मनी द्वारा ग्रीन एनर्जी कोरिडोर पर किये गये हस्ताक्षर से देश की अर्थबवस्था और मजबूत होगी और दोनों देश के रिश्ते भी |
    Reply
  4. A
    amit
    Feb 6, 2014 at 7:49 am
    भारत और जर्मनी द्वारा ग्रीन एनर्जी कोरिडोर पर किये गये हस्ताक्षर से देश की अर्थबवस्था और मजबूत होगी और दोनों देश के रिश्ते भी |
    Reply
  5. M
    Manish Singh
    Feb 6, 2014 at 6:32 am
    Its very good move by UPA government taking 900 million euro loan to for a great cause, green energy corridor will help India a lot this will also lower down the current pollution level of the country.
    Reply
  6. A
    Avinash
    Feb 6, 2014 at 7:50 am
    कांग्रेस पार्टी और मनमोहन सिंह ने काबिलियत का लोहा मनवाया है तभी ये दिल साइन हुयी है दोनों देशो के बिच |
    Reply
  7. A
    Avinash
    Feb 6, 2014 at 7:50 am
    कांग्रेस पार्टी और मनमोहन सिंह ने काबिलियत का लोहा मनवाया है तभी ये दिल साइन हुयी है दोनों देशो के बिच |
    Reply
  8. A
    Aarti Khan
    Feb 6, 2014 at 6:21 am
    Its all UPA good governance and sound policy which taking India to a new high. India now become the global platform for trade and business.
    Reply
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