India, Germany discuss investment opportunities in MSME sector

The Department for Promotion of Industry and Internal Trade (DPIIT) secretary Anurag Jain, who is part of the delegation accompanying Prime Minister Narendra Modi on his tour to Germany, met Markus Jerger, Chairman, BVMW (German Association for Small and Medium Enterprises) on Tuesday to discuss investment opportunities between the two countries.

Jain and Jerger talked about cooperation in the MSME sector between India and Germany with special focus on the fields of food processing, textiles, manufacturing, artificial intelligence, technology, hydrogen and green energy, sustainability and digitalisation. Jain also chaired the round-table of German Small and Medium Enterprises in Berlin.

Earlier this week, Modi and German Chancellor Olaf Scholz, had signed a Joint Declaration of Intent (JDI) to establish an agreement to have a direct encrypted connection between the Ministry of External Affairs (MEA) and German Foreign Office. Eight other pacts to push green energy, economic partnership and mobility were also signed on Monday.