Scholz will also be accompanied by a business delegation on his two-day trip to New Delhi and Bangalore.
(Photo: dpa)
New Delhi Chancellor Olaf Scholz and Indian Prime Minister Narendra Modi want to significantly expand economic relations between the two countries. Cooperation will also be strengthened in the defense sector, Modi said on Saturday after a meeting in New Delhi, without giving details.
The investments of the 1,800 German companies in the country so far should be increased, said Scholz. In addition, both Modi and he advocated the conclusion of an EU-India free trade agreement. The next Asia-Pacific conference of German business will take place in India in 2024.
At the same time, the chancellor campaigned to recruit IT experts from India to work in Germany. The two countries also want to work more closely together in the area of research and development. Scholz will also be accompanied by a business delegation on his two-day trip to New Delhi and Bangalore.
In addition to energy issues, the topic will be closer armaments cooperation with India. According to information from Reuters, he wants to advance a multi-billion dollar submarine business. India wants to buy six conventional submarines worth 4.9 billion euros ($5.2 billion). ThyssenKrupp Marine Systems (TKMS) is under discussion.
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