New Delhi: Reiterating their support for the conclusion of the India–EU Free Trade Agreement (FTA), India and Germany signed a slew of agreements across sectors such as trade, technology, health and renewable energy.
According to the Ministry of External Affairs, the two sides concluded 19 agreements and made several policy announcements aimed at deepening cooperation across strategic, economic and people-to-people domains.
Prime Minister Narendra Modi and German Chancellor Friedrich Merz welcomed the sustained growth in bilateral trade and investment and noted that bilateral trade reached a record high in 2024, with the positive trend continuing through 2025.
India-Germany bilateral trade in goods and services surpassed $50 billion in 2024, amounting to over 25 per cent of India’s trade with the EU.
According to an official statement, the leaders welcomed the signing of a Joint Declaration of Intent on strengthening the bilateral economic cooperation through the German-Indian CEO Forum, which will further promote business and industry collaboration, supported by the long-standing presence of German businesses in India and Indian businesses in Germany.
PM Modi and Chancellor Merz welcomed holding of the CEO forum, and interacted with leading CEOs and industry leaders of both sides to encourage more business collaboration and investment in areas such as technology, automotives, defence, shipbuilding, smart infrastructure, pharma, chemicals, bio-technology, industrial equipment engineering and energy.
They also welcomed progress in cooperation in critical and emerging technologies, including semiconductors, critical minerals, digitalisation, telecommunications, health and the bioeconomy; which consolidates the Innovation and Technology Partnership Roadmap.
