Zee Media Bureau
Bengaluru: Prime Minister Narendra Modi and German Chancellor Angela Merkel on Tuesday arrived for Indo German Business Summit organised by NASSCOM and Fraunhofer Institute.
Here are the live updates:
* India sailing in the right direction but cannot be complacent; we are committed to creating favourable conditions for business, says PM Modi
* Economic partnership between India and Germany is below potential, says PM Modi
*I have always said the government has no business to do business, says PM Modi
* Tremendous potential in Indo-German partnership: PM Modi
* Never before was India so well prepared to absorb talent, technology, investment, says PM Modi
* Youth are not looking for high paying jobs, but are now becoming entrepreneurs: PM Modi
* There is a huge domestic market in India, talented young minds now prefer to become entrepreneurs, says PM Modi
* We have started the "Start Up India Campaign". India is on the threshold of an IT revolution: PM Modi
* We have taken decisive steps to remove long-pending concerns of investors, says Prime Minister Narendra Modi
*I have always said the government has no business to do business, says PM Modi
*Moody's have upgraded India's rating, India has jumped 16 places on World Economic Forum, says PM
*I have always said the government has no business to do business, says PM Modi
* To enhance the flow of foreign investments we have liberalized the FDI regime: PM Modi
* At a time of a global slowdown, India represents a bright spot for investments: PM Modi
*Across the board we have increased the validity period of Industrial Licences: PM Modi
*We have introduced the GST bill in Parl, hopeful to roll it out in 2016: PM Narendra Modi
*Transparent auction, allocation of spectrum and key resources have given a level playing field, says PM Modi
*We are keen to build physical and social infrastructure, we are setting up India investment and infrastructure fund: PM Modi
* We have fast tracked approvals and clearances for industry and infrastructure, says Prime Minister
* We need to provide a huge push to manufacturing. Thats why we launched Make In India: PM Modi
* Need to provide a huge push to manufacturing, percentage must reach 25 percent of GDP, says PM Modi
* There is tremendous potential in India-Germany economic collaboration: PM Modi
* One of the biggest challenges is to productively employ the youth: PM
* We are committing to creating conditions for improve ease of doing business, says PM Modi
*Our economic partnership is still below our potential, at the time of global slowdown, India a bright spot for investment, says PM Narendra Modi
*At a time of global slowdown, India represents a bright spot for investments, says PM Modi
* Interested in enhancing business partnership in India, says Angela Merkel
* PM Modi and I are working together for reform of the UN Security Council through the G-4, says Merkel
* Angela Merkel says 170 German firms are present in Bangalore
* For Germany, I can say that Indian investors will be warmly welcomed: German Chancellor Angela Merkel
* Out two countries have great opportunities in the area of digitization, infrastructure, energy supply etc, says German Chancellor Angela Merkel
* German engineering and India's IT expertise are fused here in Bengaluru, says Chancellor Merkel at Indo-German Summit.
* Around 170 German companies are represented in Bangalore which speaks a lot for our bilateral relationship, says German Chancellor Angela Merkel
Earlier, during the day, they both visited German automotive major Bosch's facility in this tech hub for a firsthand view of its operations in India.
PM Modi will discuss the role of technology and innovation in manufacturing for his 'Digital India' initiative, along with German Chancellor Angela Merkel.
The German Chancellor and the Indian Prime Minister will participate in a working lunch with high-ranking business leaders from India and Germany.
The 61-year-old Merkel, who has been chancellor since 2005 and leader of the Christian Democratic Union since 2000, is on a three-day official visit to India since Sunday and held bilateral talks with Prime Minister Modi earlier.
Merkel had earlier praised Prime Modi's 'Digital India' initiative, saying that India's experience in digitisation will help Germany and that there is great room for further projects.
