<p>Indian Prime Minister Narendra Modi and German Chancellor Olaf Scholz jointly opened the 18th&nbsp;Asia-Pacific Conference of German Business (APK 2024) on Friday (Oct 25)&nbsp;in New Delhi.&nbsp;</p>

<p>PM Modi spoke at the 18th Asia-Pacific Conference of German Business 2024 and said that India has made a roadmap for Viksit Bharat in the coming 25 years. He also said that Germany released the 'Focus on India' document and decided to increase the visa numbers for the Indian workforce from 20,000 to 90,000. He added&nbsp;that the increase in visas will give a new pace to Germany’s growth, as per the news agency ANI.&nbsp;</p>

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<p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/WATCH?src=hash&amp;ref_src=twsrc%5Etfw">#WATCH</a> | Delhi | At the 18th Asia-Pacific Conference of German Business 2024, PM Modi says, "We have made a roadmap of Viksit Bharat in the coming 25 years. I am happy that in this important time, the German cabinet has released the 'Focus on India' document....Germany has… <a href="https://t.co/zTCIcaxN5H">pic.twitter.com/zTCIcaxN5H</a></p>
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<p>The Indian PM noted&nbsp;that this year, New Delhi and Berlin&nbsp;will mark the completion of 25 years of the strategic partnership and&nbsp;stressed that the next 25 years will take this strategic partnership to greater heights.&nbsp;</p>

<p>&nbsp;"This year is the 25th year of the India-Germany Strategic Partnership. The next 25 years are going to take this partnership to new heights. We have prepared a roadmap for a developed India in the coming 25 years," said PM Modi, as reported by ANI.</p>

<p>"On one hand, the CEO Forum meeting is being held here, on the other hand, our navies are practising together. German naval ships are on a port call in Goa. And in a short while from now, the seventh inter-governmental consultations between India and Germany are also to be organised", he further said.</p>

<p><strong>Also Read |&nbsp;<a href="https://www.wionews.com/india-news/terror-attack-in-j-ks-gulmarg-indian-security-forces-launch-combing-operation-along-loc-770589">Terror attack in J-K's Gulmarg: Indian security forces launch combing operation along LoC</a></strong></p>

<p>During his address at the conference, PM Modi said,&nbsp;"India stands on the four strong pillars of democracy, demography, demand and data. Talent, technology, innovation and infrastructure are the tools of India's growth. To drive them all, one strong force is there in India - AI - Aspirational India and Artificial Intelligence - this double power is there in India... India is working on the needs of the future world..."</p>

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<p>&nbsp;<strong>Also Read |&nbsp;<a href="https://www.wionews.com/india-news/indian-parents-sending-students-to-canada-read-envoys-warning-on-poor-conditions-khalistan-terror-link-770552">Indian parents sending students to Canada, read envoy's warning on poor conditions, Khalistan terror link</a></strong></p>

<p>German Chancellor Olaf Scholz will co-chair the Intergovernmental Consultations (ICG), a meeting that involves the participation of both countries. He will be co-chairing the seventh ICG, under which ministers from both nations will hold discussions about their roles and responsibilities and report on the outcome of their talks to the Prime Minister and Chancellor.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>


Indian Prime Minister Narendra Modi and German Chancellor Olaf Scholz jointly opened the 18th Asia-Pacific Conference of German Business (APK 2024) on Friday (Oct 25) in New Delhi.

Indian Prime Minister Narendra Modi and German Chancellor Olaf Scholz jointly opened the 18th Asia-Pacific Conference of German Business (APK 2024) on Friday (Oct 25) in New Delhi. PM Modi spoke at the 18th Asia-Pacific Conference of German Business 2024 and said that India has made a roadmap for Viksit Bharat in the coming 25 years. He also said that Germany released the 'Focus on India' document and decided to increase the visa numbers for the Indian workforce from 20,000 to 90,000. He added that the increase in visas will give a new pace to Germany’s growth, as per the news agency ANI. #WATCH | Delhi | At the 18th Asia-Pacific Conference of German Business 2024, PM Modi says, "We have made a roadmap of Viksit Bharat in the coming 25 years. I am happy that in this important time, the German cabinet has released the 'Focus on India' document....Germany has… pic.twitter.com/zTCIcaxN5H — ANI (@ANI) October 25, 2024 × The Indian PM noted that this year, New Delhi and Berlin will mark the completion of 25 years of the strategic partnership and stressed that the next 25 years will take this strategic partnership to greater heights. "This year is the 25th year of the India-Germany Strategic Partnership. The next 25 years are going to take this partnership to new heights. We have prepared a roadmap for a developed India in the coming 25 years," said PM Modi, as reported by ANI. "On one hand, the CEO Forum meeting is being held here, on the other hand, our navies are practising together. German naval ships are on a port call in Goa. And in a short while from now, the seventh inter-governmental consultations between India and Germany are also to be organised", he further said. Also Read | Terror attack in J-K's Gulmarg: Indian security forces launch combing operation along LoC During his address at the conference, PM Modi said, "India stands on the four strong pillars of democracy, demography, demand and data. Talent, technology, innovation and infrastructure are the tools of India's growth. To drive them all, one strong force is there in India - AI - Aspirational India and Artificial Intelligence - this double power is there in India... India is working on the needs of the future world..." #WATCH | Delhi | At the 18th Asia-Pacific Conference of German Business 2024, PM Modi says, "India stands on the four strong pillars of democracy, demography, demand and data. Talent, technology, innovation and infrastructure are the tools of India's growth. To drive them all,… pic.twitter.com/APmFiBcDFJ — ANI (@ANI) October 25, 2024 × Also Read | Indian parents sending students to Canada, read envoy's warning on poor conditions, Khalistan terror link German Chancellor Olaf Scholz will co-chair the Intergovernmental Consultations (ICG), a meeting that involves the participation of both countries. He will be co-chairing the seventh ICG, under which ministers from both nations will hold discussions about their roles and responsibilities and report on the outcome of their talks to the Prime Minister and Chancellor. (With inputs from agencies)

Next 25 years will take India-Germany strategic partnership to new heights: PM Modi

<p>German Chancellor Olaf Scholz is heading to New Delhi this week with a high-powered delegation, marking a strategic pivot towards India as Germany seeks to diversify its economic partnerships beyond China. The visit underscores Berlin's growing recognition of India's potential as a key partner in its economic de-risking strategy.</p>

<p>The timing of this diplomatic mission is particularly crucial as Germany's export-driven economy faces its second consecutive year of contraction and mounting concerns over potential trade disputes between the European Union and China. This economic context, coupled with lessons learned from Germany's previous overdependence on Russian energy before the Ukraine conflict, has accelerated efforts to reduce exposure to Beijing.</p>

<p>Economy Minister Robert Habeck emphasised this strategic shift, starting on Wednesday, "India, the most populous country in the world, is a key partner of the German economy in the Indo-Pacific and plays a key role in the diversification of the German economy." He stressed the importance of reducing critical dependencies and strengthening supply chain resilience in Asian markets.</p>

<p>However, the numbers reveal the significant gap that still exists between German investments in China and India. As of 2022, German direct investments in India stood at approximately EUR 25 billion (USD 27 billion), representing just one-fifth of German investments in China. Volker Treier, head of foreign trade at the German Chamber of Commerce DIHK, projects this proportion could rise to 40% by 2030, indicating substantial growth potential.</p>

<p>German businesses are showing increased optimism about India's prospects, with 82% expecting revenue growth over the next five years, according to a joint study by KPMG and the German Chambers of Commerce Abroad (AHK). Investment intentions have also strengthened significantly, with 59% of companies planning to expand their Indian investments, up from 36% in 2021.</p>

<p>Several major German corporations are already making substantial moves in the Indian market. DHL, the logistics giant, has announced plans to invest half a billion euros by 2026, capitalising on India's growing e-commerce sector. Volkswagen, facing challenges in China and high domestic production costs, is exploring new partnerships in India, building on its existing presence of two factories and a recent supply agreement with Mahindra.</p>

<p>The manufacturing sector is also seeing increased activity, with Cologne-based Deutz forming a partnership with India's TAFE for the licensed production of 30,000 engines. Jonathan Brown, a managing director at BCG, advocates for a "China + 1" strategy, citing India's political stability and competitive labour costs as key advantages.</p>

<p>Despite the optimistic outlook, challenges remain. German companies cite bureaucratic hurdles, corruption, and India's complex tax system as significant investment barriers. Additionally, negotiations for an EU-India free trade agreement continue without a clear conclusion in sight.</p>

<p>The visit, which includes most of Scholz's cabinet members including foreign and defence ministers, will culminate in a meeting with Indian Prime Minister Narendra Modi on Friday, followed by the seventh round of Indian-German government consultations. Habeck will arrive earlier to inaugurate the biennial Asia-Pacific Conference of German Business.</p>


German Chancellor Olaf Scholz is heading to New Delhi this week with a high-powered delegation, marking a strategic pivot towards India as Germany seeks to diversify its economic partnerships beyond China.

German Chancellor Olaf Scholz is heading to New Delhi this week with a high-powered delegation, marking a strategic pivot towards India as Germany seeks to diversify its economic partnerships beyond China. The visit underscores Berlin's growing recognition of India's potential as a key partner in its economic de-risking strategy. The timing of this diplomatic mission is particularly crucial as Germany's export-driven economy faces its second consecutive year of contraction and mounting concerns over potential trade disputes between the European Union and China. This economic context, coupled with lessons learned from Germany's previous overdependence on Russian energy before the Ukraine conflict, has accelerated efforts to reduce exposure to Beijing. Economy Minister Robert Habeck emphasised this strategic shift, starting on Wednesday, "India, the most populous country in the world, is a key partner of the German economy in the Indo-Pacific and plays a key role in the diversification of the German economy." He stressed the importance of reducing critical dependencies and strengthening supply chain resilience in Asian markets. However, the numbers reveal the significant gap that still exists between German investments in China and India. As of 2022, German direct investments in India stood at approximately EUR 25 billion (USD 27 billion), representing just one-fifth of German investments in China. Volker Treier, head of foreign trade at the German Chamber of Commerce DIHK, projects this proportion could rise to 40% by 2030, indicating substantial growth potential. German businesses are showing increased optimism about India's prospects, with 82% expecting revenue growth over the next five years, according to a joint study by KPMG and the German Chambers of Commerce Abroad (AHK). Investment intentions have also strengthened significantly, with 59% of companies planning to expand their Indian investments, up from 36% in 2021. Several major German corporations are already making substantial moves in the Indian market. DHL, the logistics giant, has announced plans to invest half a billion euros by 2026, capitalising on India's growing e-commerce sector. Volkswagen, facing challenges in China and high domestic production costs, is exploring new partnerships in India, building on its existing presence of two factories and a recent supply agreement with Mahindra. The manufacturing sector is also seeing increased activity, with Cologne-based Deutz forming a partnership with India's TAFE for the licensed production of 30,000 engines. Jonathan Brown, a managing director at BCG, advocates for a "China + 1" strategy, citing India's political stability and competitive labour costs as key advantages. Despite the optimistic outlook, challenges remain. German companies cite bureaucratic hurdles, corruption, and India's complex tax system as significant investment barriers. Additionally, negotiations for an EU-India free trade agreement continue without a clear conclusion in sight. The visit, which includes most of Scholz's cabinet members including foreign and defence ministers, will culminate in a meeting with Indian Prime Minister Narendra Modi on Friday, followed by the seventh round of Indian-German government consultations. Habeck will arrive earlier to inaugurate the biennial Asia-Pacific Conference of German Business.

Germany pivots to India in strategic economic diversification push

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Next 25 years will take India-Germany strategic partnership to new heights: PM Modi

Germany pivots to India in strategic economic diversification push