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News » India News » Germany seeks stronger trade ties with India, citing economic growth

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Germany seeks stronger trade ties with India, citing economic growth

NM Desk
Last updated: 27 October, 2024 7:16 AM
NM Desk
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Germany seeks stronger trade ties with India, citing economic growth

New Delhi: Germany’s Vice Chancellor, Robert Habeck, has praised India’s economic growth, highlighting its potential as a key partner for Germany as Berlin seeks to diversify its trade relationships and reduce reliance on China. Calling India a “valuable partner,” Habeck cited its expanding economy and “deeply rooted democracy” as attractive attributes for Germany’s trade strategy.

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7th India-Germany inter-governmental consultationsGrowing India-Germany partnership

“India’s economy is growing rapidly. This benefits the Indian people and provides an opportunity for Germany to engage. We speak about diversification and, with this, are looking for new trade partners beyond China. India could be an ideal partner with its growing economy and democratic foundation,” Habeck said to reporters on Saturday.

7th India-Germany inter-governmental consultations

The Vice Chancellor was in India for the 7th India-Germany inter-governmental consultations, held on Friday. During his visit, Habeck highlighted Germany’s genuine commitment to deepening its relationship with India. A substantial German delegation, including prominent businesses, government officials, and Chancellor Olaf Scholz, attended the consultations, engaging in extensive discussions with their Indian counterparts.

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Reflecting on the dialogue, Habeck noted, “For the last three days, a large delegation of German businesses, including half of the German government and Chancellor Scholz, was in New Delhi. We had intense talks demonstrating Germany’s commitment to India, and we were met with great hospitality.” Habeck added that the meetings had strengthened mutual understanding, fostering “friendship and trust” between the two nations.

Growing India-Germany partnership

Germany’s Labour and Social Affairs Minister, Hubertus Heil, also expressed optimism about the growing India-Germany partnership. Speaking to reporters, he emphasised the importance of skilled migration from India to Germany, describing it as essential for Germany’s economic future.

“India has a young population, and Germany requires skilled migration to secure its future. It’s a mutually beneficial arrangement if managed effectively in the interests of both countries and skilled workers from India,” Heil stated. He noted that the number of Indian workers in Germany had doubled over the past four years and that both nations were working to streamline visa processes and improve integration support.

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TAGGED:India-germany relationsOlaf ScholzOlaf Scholz in IndiaRobert Habeck
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