India enters into a pact with Germany on green energy
The Dollar Business Bureau India has signed an agreement with Germany on technical cooperation to enhance parameters for renewable energies’ grid integration, said Power Minister Piyush Goyal on Monday. The pact was signed by Ministry of New and Renewable Energy (MNRE) of India and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of Germany, under the “Indo-German Energy Programme - Green Energy Corridors (IGEN-GEC)” in New Delhi. This association between MNRE and GIZ will result in better market mechanisms and rules and also help in training manpower in India to ensure stability of grid and to enhance integration of renewable energies in the country, said Goyal. “It will lead to a safer grid, a more secured grid, a grid which can also take care of ...
India is seeking to double German investment: Ex-envoy
The Dollar Business Bureau India seeks to double the investment from Germany over the coming five years from the present 9.5 billion euros and it also wants a rise of two-fold in the number of German firms in the country, said a former India’s Ambassador to Germany on Tuesday. In the last few years, India has attracted around 74 German firms that have business ideas worth $1 billion of investment, Gurjit Singh told PTI. Prime Minister Narendra Modi is on a visit to Germany and held discussions with German Chancellor Angela Merkel, and also signed eight pacts. According to the latest news, Merkel was happy to, "develop cooperation with India. That's of huge importance and in no way directed against any other relationships and certainly not against the ...
