Rural cooperative banking tops Merkel’s Mumbai agendaNovember 14th, 2007 - 8:10 am ICT by admin
India and Germany has already initiated the Rural Cooperative Credit Project / Linkage Banking Project, as part of its joint development cooperation programme.
Later in the day, Merkel is slated to meet Maharashtra Governor S M Krishna.
Merkel’s visit to India is largely aimed at boosting business ties between the two countries, whose trade touched about 10.5 billion euros (15 billion U.S. dollars), four years ahead of an official target.
German businessmen travelling with Merkel said that India need to lift caps set on foreign investment in insurance, banking, retail and telecommunications sectors.
On Tuesday, Merkel had said that the ‘Small and Medium Enterprises (SMEs)’ would lead the new era of cooperation with India.
German companies, who are planning to set up their businesses here, will soon be establishing a vocational training centre for Indian manpower.
“Germany has enormous experience and local knowledge of development cooperation,” Merkel had said.
Merkel, who is on a four-day visit to India, her first as chancellor, arrived in the New Delhi on Monday, where she signed a Joint Declaration with Prime Minister Manmohan Singh emphasizing on the need to further develop the bilateral strategic partnerships. (ANI)
- Germany, Canada to conduct joint ocean research - Aug 18, 2012
- India, Germany to discuss IMF reforms, defence deal - May 30, 2011
- No trust deficit between India, Germany on high technology transfer: Merkel - Dec 12, 2010
- India, Germany sign four pacts to expand ties (Lead) - May 31, 2011
- India, Germany ink 4 pacts, to push UN reforms - May 31, 2011
- Pakistan should know that terrorism is not a means to an end: Merkel - Dec 12, 2010
- China signs deal for 50 Airbus planes - Aug 30, 2012
- India, Germany talk terror, UN reforms and trade (Roundup) - May 31, 2011
- Singh praises German support for opening global nuke commerce to India - Dec 12, 2010
- China seeks closer ties with Germany - Feb 03, 2012
- German Chancellor Merkel to visit India next year - Dec 12, 2010
- India one of the powerhouses of world economy says German Minister - Sep 25, 2010
- 'We want to ensure that 26/11 is not repeated,' says Merkel - Dec 12, 2010
- WIPRO computerises five cooperative banks - Jul 31, 2012
- Keen to strengthen partnership with Germany: Manmohan Singh - May 31, 2011
Tags: business ties, cooperative banking, development cooperation, enormous experience, foreign investment, german businessmen, german companies, india need, joint development, local knowledge, maharashtra, manpower, merkel, prime minister manmohan singh, rural cooperative, small and medium enterprises, smes, strategic partnerships, target, vocational training centre