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India-Germany Trade Surpasses $50B!
12 Jan
Summary
- Bilateral trade between India and Germany has exceeded $50 billion.
- A new India-Germany Centre of Excellence will enhance tech and energy cooperation.
- Germany is India's largest trading partner within the European Union.
Bilateral trade between India and Germany has reached an unprecedented high, surpassing the $50 billion mark. Prime Minister Modi highlighted this milestone during his engagements with German Chancellor Friedrich Merz in Ahmedabad, noting the strong confidence German companies have in India.
The leaders discussed expanding cooperation in trade, investment, technology, and clean energy. A significant outcome of their meeting is the decision to establish the India-Germany Centre of Excellence, a platform designed to foster knowledge exchange and innovation.
Germany remains India's largest trading partner within the European Union, accounting for approximately a quarter of India's trade with the EU. The cumulative investment from Germany to India also underscores the depth of this strategic partnership.
