Merkel for cooperation in medium-scale enterprises with India

Visiting German Chancellor Angela Merkel on Tuesday said that the Small and Medium Enterprises (SMEs) would lead the new era of cooperation with India.

New Delhi, Oct 30 : Visiting German Chancellor Angela Merkel on Tuesday said that the 'Small and Medium Enterprises (SMEs)' would lead the new era of cooperation with India.

Addressing top business leaders of the country, Merkel said that German SMEs would increase its presence in India and would also set up common standards for Indian SMEs.

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 said.

She said that scientific research is required for further development of India and Germany and called upon the need to identify younger talent.

Stating that Germany is keen to broaden its relationship with India, particularly in the areas of infrastructure, military cooperation and development of financial institutes, Merkel said that her country is willing to assist New Delhi with technology and investment to jointly foster clean energy solutions.

She said that her country is willing to cooperate with India for successful completion of the Doha Round and balance the issues related to agricultural subsidies, services and intellectual property rights.

ANI