India–Germany Trade Crosses $50 Billion as PM Modi, Chancellor Merz Deepen Economic Ties
New Delhi: India and Germany significantly strengthened their strategic economic partnership on Monday as Prime Minister Narendra Modi and German Chancellor Friedrich Merz met leading business executives from both nations at the India–Germany CEOs Forum in Ahmedabad.
Addressing a joint press conference after the meeting, Prime Minister Modi announced that bilateral trade between India and Germany has crossed the USD 50 billion mark for the first time, underscoring the rapid expansion of commercial ties between the two major economies.
He highlighted the strong presence of German industry in India, noting that more than 2,000 German companies are currently operating in the country — a reflection of growing global confidence in India’s long-term economic potential.
“This confidence was clearly visible at today’s CEOs Forum,” the Prime Minister said, pointing to the enthusiastic participation of business leaders from both countries.
Technology, Energy and Innovation at the Core
PM Modi emphasized that technology cooperation between India and Germany has been deepening consistently, with tangible outcomes now visible across multiple sectors. He noted that both nations share strong priorities in renewable energy, advanced manufacturing and green technology.
In a major development, the two leaders announced the creation of an India–Germany Centre of Excellence, which will function as a joint platform for knowledge sharing, technology development and innovation.
“This centre will accelerate collaboration in critical future technologies,” the Prime Minister said.
MoUs Signed to Boost Cooperation
Several Memorandums of Understanding (MoUs) were signed between Indian and German institutions in the presence of both leaders, expanding cooperation across investment, industrial development, clean energy and innovation ecosystems.
Earlier in the day, Prime Minister Modi and Chancellor Merz also held delegation-level talks, during which they reviewed progress in trade, investment, education, skilling, mobility and technology partnerships, while exploring new avenues in defence, security, science, research and sustainable development.
Chancellor Merz is on his first official visit to India, marking a new phase in the long-standing strategic partnership between the two nations.