11MoUs signed with Germany

merkel-modi-messestart_image_gallery_desktopEleven Memorandum of Understandings (MoUs) have been signed by Indian industries with Germany recently during Hannover Messe 2015. MoUs are expected to increase FDI flows, bring in new technology, help growth of manufacturing sector and create employment opportunities boosting Indian economy. The information on MoUs was given by the Minister of State, Commerce & Industry, Nirmala Sitharaman in a written reply in Rajya Sabha today. Some of the MoUs signed were: Vikram Solar with Fraunhofer Institute for Solar Energy Systems ISE,  Essel Group with Wind and Sun Technology Group /FeCon GmbH to develop 12500 MW of Solar and 4000 MW of Wind Energy Projects, Essel Group with Smart Grids-Platform Baden-Wuertemberg to act as facilitator in linking the energy networks for Essel group. Roots Group India and Neander Motors signed MoU with Germany for transfer of technology and for production of a very high end latest technology, Twin Cranks, Diesel Engine with varied applications in Auto Marine Energy etc. (0.6 million Euros).

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