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India inks 18 MoUS with Germany
Posted on: 05-10-2015 , 03:47:PM | DY365 Bureau

Oct 5, 2015- In a bid to enhance Indo-German relations, the two nations on Monday signed a deal to fast-track business approvals. This would make easier for German companies to operate in India as announced by Chancellor Angela Merkel who visited New Delhi.  
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. 
From renewable energy to skill development, India and Germany also signed 18 MoUs which will cover aviation security, disaster management, security co-operation, skill development and vocational education and training, Indo-German solar partnership besides a host of other issues.  
Germany will also provide assistance of over one billion euros for India's green energy corridor and solar projects. 

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