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India, Germany sign Indo-German Climate and Renewables Alliance

The two countries conferred that climate change responses and solutions will generate new opportunities and co-benefits by creating jobs.

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India and Germany inked 18 MoUs for cooperation in various fields including higher education, civil aviation, railways and food safety.

The two countries conferred that climate change responses and solutions will generate new opportunities and co-benefits by creating jobs, stated spokesperson, Vikas Swarup's tweet.

This alliance will spur economic development and improve air quality.

Under the Indo-German Climate and Renewable Alliance, India and Germany will intensify their ongoing operation on climate and renewables technology which focuses on seven areas. The focus areas are:

-- Next generation solar technology
-- Renewable energy storage
-- Climate-friendly space cooling technologies
-- Super-efficient appliances and buildings
-- Zero emission passenger and freight vehicles
-- Energy-efficient rail and water infrastructure
-- Off chore wind

India and Germany signed a deal on Monday to fast-track business approvals, an arrangement to make it easier for German companies to operate in Asia's third largest economy that was announced as Chancellor Angela Merkel visited New Delhi.

Also Read: India, Germany sign 18 MoUs at third Inter-Governmental Consultations meet

The fast-track approvals process will ensure that German firms will have a single point of contact in the Indian administration, helping them to navigate a web of red tape that often thwarts business initiative.

The agreement is the first of its kind and comes as Prime Minister Narendra Modi seeks to attract foreign investment in support of his "Make in India" drive to boost industrial investment and create skilled jobs.

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