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Germany offers India $2.25 bn for solar energy

  • PM Narendra Modi has said that Germany will provide India more than 2 billion euros ($2.25 billion) for developing a clean energy corridor and solar projects.
  • PM has made ambitious renewable energy targets a key part of his development agenda and climate change mitigation commitments ahead of a landmark international summit in Paris at the end of this year.
  • India and Germany inked 18 MoUs in areas ranging from renewable energy to skill development and culture.
  • Both the countries  also want to resume talks for a free trade as early as possible.
  • The two sides also announced setting up of a fast-track system for German companies in India.

Source: Business Standard

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