New Delhi: The German Chancellor, Ms Angela Merkel, on Oct 30, called for doubling trade volumes between India and Germany to €20 billion by 2012. The German Chancellor said that business and economic relations were the driving force behind co-operation between India and Germany. During the address the Chancellor pointed out that the target of bilateral trade reaching €10 billion was reached ahead of target during 2006 itself.
The two countries inked seven memoranda of understanding, including one for the creation of an Indo-German science and technology centre and another on bilateral co-operation between the Office of the Controller General of Patents, Designs and Trade Mark Promotion of the two countries. The major sectors that have attracted investments from Germany since liberalisation are electrical equipment, transportation and metallurgy.
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