India and Germany signs six agreement during Bilateral meet
India and Germany signed six key MoUs during the visit of PM Manmohan Singh to Germany in April 2013 for the Indo-German Inter-Governmental Consultations :
- Both have committed € 3.5 million each for next four years towards joint research and innovation programmes in the field of higher education
- A pact to promote German as a foreign language in India- under which currently 30,000 children in Kendriya Vidyalaya are learning German and under the pact they will try to increase the capacity.
- pact for a soft loan of € 1 billion for strengthening the green energy corridor under which the grid system in several states will be used to transmit energy produced by renewable and non-conventional means.
- Pact for cooperation in agriculture and establishment of a working group in infrastructure, cooperation in standardisation, conformity assessment and product safety.
- pact for Indo-German civil security research was also signed.
Besides signing these pacts the other highlights of the visit were :
- India and Germany declared a common interest in preventing Iran from going further on the path of nuclear proliferation.
- Germany voiced its support for an early conclusion of the long drawn out negotiations between India and the European Union on a free trade agreement. The negotiations for FTA was launched in 2007, and are currently bogged down in disputes over demands by several EU countries that India should raise its cap on FDI by foreign insurance companies from 26 to 49 per cent. The EU also has been seeking reduction in India's import duties on automobiles, wines and spirits. The last round of FTA negotiations between the chief negotiators from India and the EU in Brussels last month failed to make much progress on these contentious issues.
Germany is India's largest trading partner among European Union Nations.