German Chancellor Olaz Scholz visits India
The Inter-Governmental Consultation mechanism was established between India and Germany in 2011. After IGC, this is the first visit of a German Chancellor to India. Also, this was the first visit of Olaz Scholz as a chancellor. He visited India to discuss the Ukraine crisis and trade, China’s actions in the Indo-Pacific, the green transition, etc.
About the visit
Apart from the Ukraine war, the chancellor will also discuss trade-related matters. More than 12 CEOs have accompanied the chancellor. This includes Siemens and SAP.
PM Modi and the Chancellor will discuss four key areas apart from those above. They are environment, climate change, business, and mobility of Indian workers.
How will the German Chancellor’s visit benefit India?
India can get a better understanding of Germany’s intentions in the Indo-Pacific. While China is the cause of concern, he will discuss the
Observation
The Chancellor recently asked his allies to supply Ukraine with more weapons and aid. The MINSK Agreement was signed between Ukraine and Russia upon the initiatives of France and Germany.
Background
Germany has allocated 1.3 billion Euros for green energy projects. It is expected that India and Germany will sign several agreements focusing on increasing bilateral trade. The current bilateral trade between the countries is 1.3 billion Euros.
Month: Current Affairs - February, 2023
Category: Awards, Honours & Persons in News • Economy & Banking Current Affairs • International / World Current Affairs