India and Germany strengthen development cooperation with 3 new agreements

During the sixth intergovernmental consultations between India and Germany on May 2, 2022, Indian Prime Minister Narendra Modi and the German Minister for Economic Cooperation and Development, Svenja Schulze, signed three declarations for collaboration in climate, energy, and agriculture.

Building on cooperation for solar technology that has been in place since 2015, India and Germany signed another partnership to build up renewable energies in India. Between 2020 and 2025, €1.0 billion (US$1.1 billion) will be contributed to the partnership.

Additionally, the two countries made an agreement on triangular development cooperation with third countries in Africa, Asia, and Latin America. The collaborations will focus on technical cooperation in climate protection and sustainability.

The third initiative focuses on agroecological agriculture and sustainable resource management. Funding of up to €300 million (US$331 million) will be made available for the initiative by 2025, according to the German Ministry for Economic Cooperation and Development.

In addition, Modi and German Chancellor Olaf Scholz signed a 'Green and Sustainable Development Partnership', a joint declaration of intent to cooperate on Sustainable Development Goals (SDGs) and climate action.

Press release – Ministry for Economic Cooperation and Development (in German)

Joint Statement – 6th German-Indian Inter-Governmental Consultations