India, Germany agree to set up hi-tech partnership group
"I am very happy that, following our discussion, we have agreed to set up a High Technology Partnership Group," Prime Minister Manmohan Singh said.
Germany is second country to have such a partnership with India after the US.
"We look forward to expanded defence cooperation anchored in technology transfer, co-development and co-production in India.
"High technology commerce would benefit from further easing of German export controls for India. The agreement today on scientific collaboration on technologies for civilian security adds a new dimension to our growing security cooperation.
"I am very happy that, following our discussion, we have agreed to set up a High Technology Partnership Group," Prime Minister Manmohan Singh said at a joint press conference with German Chancellor Angela Merkel with whom he co-chaired the second round of Inter-Governmental Consultations (IGCs).
According to officials Germany also supported India's bid for full membership to four export control regimes -- The Nuclear Suppliers Group, Wassenaar Arrangement, Australia Group and Missile Technology Control Regime.
They also said Germany has expressed interest to India's proposal of co-development and joint-manufacturing of high technology products.
Asserting that it is a "responsible nuclear power", India has sought full membership to various export control regimes.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.