(PTI)
Prime Minister Narendra Modi today called on “more and more German companies” to invest in India even as the speedy conclusion of an India-EU free trade agreement (FTA) was the focus on the German side.
Highlighting the huge potential that remains untapped in the economic partnership during his inaugural address at the Indo-German Business Summit here, Modi said India will welcome German companies with open arms.
“There are 600 Indo-German joint ventures operating in India, employing 200,000 people. But there is huge potential as Indo-German economic cooperation is below its full potential and to enhance this, we in India are waiting with open arms because we value German partnership a lot,” Modi said.
The deadlock over FTA between India and the European Union (EU) was also highlighted at the summit, with German Chancellor Angela Merkel and senior business leaders urging the Prime Minister for a speedy conclusion to the FTA.
