Germany-India Relation must Bring Economic Development: PM, Narendra Modi

Germany-India Relation must Bring Economic Development: PM, Narendra Modi

Emphasizing that Germany is a valued partner, Prime Minister Narendra Modi sought the German partnerships of trade, investment and innovation in India.

Stating that India is now a changed country, PM Modi said “We have removed lot of regressive taxation regimes. Our regulatory regime is much more transparent, responsive and stable.”

Stating that there was more potential in India-German economic collaboration, PM Modi said, “Our economic partnership not as much as what both nations would like to have. I am here to assure the German companies that India is now a changed country.”

“It is the effort of my government to encourage innovation, R & D and entrepreneurship in the country,” PM said adding, “I take this opportunity for inviting more and more German companies to India. Assure all support from my side.”

“For people in India, Germany is a valued partner; and, an enduring symbol of technology and innovation, quality and productivity. Today, I come to seek German partnership in my own mission to open up India’s seamless economic potential,” he said in Hannover Messe.

Modi said choosing of India as a Partner Country in the global trade fair reflects the new confidence.

“We want to accelerate economic growth and create jobs for our youth. We want to build world class industry and infrastructure. We want to transform our cities and villages; clean up our environment; and improve the quality of life,” he said.

To the industry of the world that has assembled here today, I say that we have no special bias for our host today! India is open and ready to embrace the world. As I have travelled around the world, I have seen a new level of interest in building partnerships of trade, investment and innovation in India.

Seeking attention from investors of the world to fulfil his ‘Make in India’ mission, the prime minister said industry must turn into manufacturing hub for the world and an engine for employment at home.

“We must equip our youth with the skills to meet the needs of our nation, and the demands of the globalised world. Whatever we choose to do, from reaching the cutting edge of industry to meeting the most critical social need, we require investment and technology, industry and enterprise,” he said.

He said India is creating a stable economic environment to open up investments that inspires confidence at home and abroad.