India and Germany sign deals to deepen economic and security ties [Yahoo! Finance Canada]
THYSSENKRUPP AG S/ADR (TKAMY)
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Source: Yahoo! Finance Canada
Modi and Merz held talks in the city of Gandhinagar, where the two countries signed various agreements to enhance cooperation in the defense sector, skill development, health and education, as both nations seek to reduce dependence on China and bolster economic ties. After the bilateral talks, Modi noted that Germany is India's most important trading partner in the European Union and said both leaders were seeking to expand those ties. He said the two countries are pursuing new projects in areas such as climate action, energy and mining of rare earth elements, and have also agreed on a road map to boost cooperation between their defense industries for joint development and production. “We want to elevate the relations between India and Germany to an even higher level,” Modi said. Germany has not traditionally had close defense ties with India, but the two sides have been trying to boost cooperation in the sector. Germany's Thyssenkrupp is expected to partner with Indian firms
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News
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