Opportunity for Germany to invest in smart cities, UDAN: Chaudhary

Opportunity for Germany to invest in smart cities, UDAN: Chaudhary

Agency News

New Delhi, Feb 4: Minister of State for Commerce and Industry C R Chaudhary said on Monday that there is great opportunity for German investment in the 100 smart cities being created in the country and construction of airports which will rise to 400 by 2025 in the country under the UDAN project.

Mr Chaudhary said this after a high-level German delegation led by Andreas Pinkwart, German Minister of Economic Affairs, Digitalisation and Energy of North Rhine Westphalia met him.

Both sides held discussions on a wide range of subjects with the Indian side looking for greater collaboration with Germany in projects like smart cities, food processing sector, building of airports, dairy sector and technology for green energy.

The German side also wished to gain more insight into the economic and industrial development in India and also learn more about German investments in India and their facilitation through the Indo-German Fast Track mechanism. Further, Germany desired to look at opportunities and challenges for German companies in India and to get a better understanding of the start-up India programme and its current status.

The German Minister and his delegation discussed ways of cooperation between the start-up eco-system in India and North Rhine Westphalia region of Germany.

The German Minister said his country hopes to see more Indian companies being set up in Germany. Now only 80 Indian companies operate in Germany.

Invest India made a presentation for the German delegation about investment opportunities in India and steps taken for ease of doing business. (UNI)