Germany and India Strengthen Defense and Economic Ties
German Chancellor Olaf Scholz aims to strengthen defense ties with India, moving away from reliance on Russia. Scholz, visiting New Delhi, seeks greater access to India’s market, focusing on renewable energy and infrastructure. Talks for an India-EU free-trade agreement are pressing despite agricultural tensions.
German Chancellor Olaf Scholz is seeking to strengthen defense cooperation with India, looking to decrease the reliance on Russia. During his visit, Scholz emphasized the need for increased military collaboration between the two nations.
The German delegation is exploring opportunities in India's infrastructure and renewable energy sectors, aiming to reduce Germany's dependence on China. Scholz's visit comes as German firms like Thyssenkrupp bid for a significant submarine contract with the Indian Navy—a deal worth approximately $5 billion.
India and Germany are also in discussions over a free-trade agreement with the European Union. Both sides are optimistic about a swift resolution, provided sensitivities are maintained, despite ongoing challenges in the agricultural sector.
(With inputs from agencies.)
- READ MORE ON:
- India
- Germany
- defense
- trade
- renewable energy
- economy
- Olaf Scholz
- submarine
- EU FTA
- Thyssenkrupp
ALSO READ
India to become world’s third largest economy by Dec 2027 under PM Modi's leadership: Home Minister Amit Shah in Jharkhand’s Hazaribag.
Northeast Natural Gas Grid Poised to Boost India's Energy Economy by 2026
BJP's Bold Vision for Maharashtra: Empowering All to Boost Economy
India's Charge Towards a Gas-Based Economy: A Greener, Self-Reliant Future
A Transatlantic Dialogue: Olaf Scholz and Donald Trump