More Cooperation between Germany and India in the Automotive Sector in the field of efficient automotive technologies and alternate fuels & drives

 

German Minister for Transport, Building and Urban Affairs Wolfgang Tiefensee in New Delhi on 06 February


German Minister for Transport, Building and Urban Affairs Mr. Wolfgang Tiefensee will be in New Delhi on 06 February. Together with Minister of Heavy Industries Santosh Mohan Dev Minister Tiefensee will prepare the ground for a deeper Indo-German cooperation in the automotive sector through the foundation of an Indo-German Joint Working Group on Automobiles.

This Working Group which will include representatives of the German and Indian automobile industries will particularly intensify Indo-German cooperation in the development of efficient automotive technologies and alternate fuels & drives. Germany and India agree that the energy strategy for the automobiles of the future has to be geared towards meeting the challenges of environmental protection and the reduction of energy consumption.

Germany is a strong supporter of a resolute policy against climate change also at times of great economic challenges. The German Government stands by its commitment to reduce CO2 emissions by 40% from 1990 to 2020 if the European Union reduces its emissions by 30% and other nations act in a comparable way. Furthermore, within its energy consumption Germany will increase the proportion of renewable energies to 25-30% by 2020. The German Government will also use parts of its present economic stimulation packages to tackle climate change. As part of its energy strategy for the automobile sector the German Government will provide additional Euro 500 Mio (3110 crore INR) for the development of alternate drives within the next 2 years.

During his visit in New Delhi Minister Tiefensee in his capacity as the German Government´s Commissioner for Eastern Germany is also going to present investment opportunities in Germany´s new Federal States. Germany - the world´s export champion, Europe´s largest economy and India´s most important trade partner within the European Union - ranks among the world´s top destinations for foreign investment.