Finance
The Chancellor of the Federal Republic of Germany, H.E. Mr Olaf Scholz called on the President of India, Smt Droupadi Murmu at Rashtrapati Bhavan today (February 25, 2023).
Welcoming Chancellor Scholz on his first visit to India as German Chancellor, the President said that India and Germany have a long standing relationship, which is underpinned by our common values and shared goals. Our bilateral relationship encompasses a wide range of areas, reflecting the mutual trust that has been nurtured over decades.
The President noted that Germany is India’s largest trade partner in Europe and also among the top investors in India. She said that Germany is also India’s second largest development cooperation partner and has played an important role in India’s developmental journey. In recent years, Germany has emerged as a favoured destination for Indian students and researchers wishing to pursue higher education, especially in Science and Technology. She said that India and Germany also have strong cultural connect, with a long tradition of German Indologists working on India.
The President said that India and Germany have a shared aims in upholding democratic values, the rules-based international order, multilateralism, as well as the reform of multilateral institutions. As two vibrant, pluralistic democracies, India and Germany can play an important role in addressing new and emerging global challenges.
Source:PIB
