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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First Published on: February 6, 2014 1:50 am
  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
    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
      1. 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
        1. 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
          1. 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
            1. 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
              1. 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
                1. 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
                  1. 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
                    1. P
                      pooja
                      Feb 6, 2014 at 8:35 am
                      After this agreement India have 900 million euro loan. Green energy corridor help us to decrease the current pollution level of the nation.
                      Reply
                      1. R
                        Rahul
                        Feb 6, 2014 at 2:26 pm
                        This initiative by UPA is very commendable. This will help India to decrease the current pollution level of the nation.
                        Reply
                        1. R
                          Rahul
                          Feb 6, 2014 at 2:26 pm
                          This initiative by UPA is very commendable. This will help India to decrease the current pollution level of the nation.
                          Reply
                          1. N
                            Nilesh
                            Feb 6, 2014 at 7:48 am
                            यह कांग्रेस पार्टी के द्वारा किये गये विकास का ही नतीजा है आज भारत और जर्मनी ने ग्रीन एनर्जी कोरिडोर पर साइन किया है।
                            Reply
                            1. N
                              Nilesh
                              Feb 6, 2014 at 7:48 am
                              यह कांग्रेस पार्टी के द्वारा किये गये विकास का ही नतीजा है आज भारत और जर्मनी ने ग्रीन एनर्जी कोरिडोर पर साइन किया है।
                              Reply
                              1. K
                                Kavita
                                Feb 6, 2014 at 2:38 pm
                                This agreement of Green Energy Corridor will enhance India's overall living conditions and help in reducing the pollution.. Its a smart Move by Centre...
                                Reply
                                1. K
                                  Kavita
                                  Feb 6, 2014 at 2:38 pm
                                  This agreement of Green Energy Corridor will enhance India's overall living conditions and help in reducing the pollution.. Its a smart Move by Centre...
                                  Reply
                                  1. A
                                    anuj
                                    Feb 6, 2014 at 8:36 am
                                    After this agreement , Our environment is become more fresh full because green energy corridor help us to decrease the current pollution.
                                    Reply
                                    1. A
                                      anuj
                                      Feb 6, 2014 at 8:36 am
                                      After this agreement , Our environment is become more fresh full because green energy corridor help us to decrease the current pollution.
                                      Reply
                                      1. D
                                        deepakumari
                                        Feb 6, 2014 at 6:33 am
                                        Agreements were signed as German President Joachim Gauck and PM Manmohan Singh. This agreement helps nation growth.Making better relation between two country.
                                        Reply
                                        1. D
                                          deepakumari
                                          Feb 6, 2014 at 6:33 am
                                          Agreements were signed as German President Joachim Gauck and PM Manmohan Singh. This agreement helps nation growth.Making better relation between two country.
                                          Reply
                                          1. K
                                            kuldeep
                                            Feb 6, 2014 at 6:23 am
                                            I think this good deal for the making the batter relationship in between the India and Germany .It helps the nation to develop more and more.
                                            Reply
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