Modi, Scholz agree to deepen trade, investment ties

Bali: Prime Minister Narendra Modi and German Chancellor Olaf Scholz agreed to deepen trade and investment ties as they held talks on the sidelines of the G-20 Summit here on Wednesday.
“The leaders discussed the wide range of bilateral cooperation between India and Germany, which entered a new phase with the signing of the Partnership on Green and Sustainable Development by Prime Minister and Chancellor during the India-Germany Inter-Governmental Consultations,” the PMO said.
They also agreed to deepen trade and investment ties and further increase cooperation in the areas of defence and security, migration and mobility, and infrastructure, the PMO added.
This was the third meeting between the leaders this year. The previous meetings took place during Prime Minister’s visit to Berlin on May 2 this year for the 6th India-Germany Inter-Governmental Consultations, which was followed by Modi’s visit to Schloss Elmau in Germany, as partner country for the G7 Summit at Scholz’s invitation.
Both leaders agreed to enhance cooperation and coordination in multilateral forums including G20 and the UN, the PMO added. (UNI)

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