Prime Minister Narendra Modi, speaking at the ‘India-Germany CEOs Forum’ with German Chancellor Friedrich Merz, encouraged German companies to leverage India’s skilled workforce for innovation and industrial growth. Modi highlighted India’s rapid skill mobility, emphasizing the country’s potential to drive innovation in the high-tech sector. He noted India’s robust economic growth, attributing it to ongoing reforms promoting the private sector and enhancing ease of doing business across various industries.
The upcoming India-EU Free Trade Agreement was mentioned, signaling new opportunities for trade and investment partnerships between India and Germany. Modi invited German companies to capitalize on India’s market potential by manufacturing locally and tapping into the country’s export capabilities. Chancellor Merz’s choice of India for his first Asia visit underscores Germany’s confidence in India’s economic prospects and the deepening bilateral cooperation in strategic sectors.
The leaders discussed expanding collaboration in critical and emerging technologies, particularly in areas such as semiconductors, power electronics, biotech, and fintech. Modi emphasized the shared commitment to global progress through the India-Germany partnership, highlighting India’s advancements in green technologies like hydrogen, solar, and wind energy. He outlined opportunities for German firms in manufacturing renewable energy solutions and collaborating on digital innovation, including artificial intelligence.
The visit included a delegation of 23 top German CEOs and industry leaders, underscoring the growing economic ties between India and Germany.
