India Development News & Foreign Investment Opportunities

Indo-German pacts for Euro653.7m

Financial and technical funding signed

0

Financial and technical funding signed

 

GOA Tourism logo

Indo-German Government to Government Umbrella Agreements for Euro 653.7 Million (approx. Rs. 5253 crore) on Financial Cooperation and Technical Cooperation 2017 were signed in New Delhi on 1 August 2018.

The Government to Government Umbrella Agreement on Financial Cooperation and Technical Cooperation 2017 are under the Indo-German Bilateral Development Cooperation.

Government to Government Umbrella Agreement on Financial Cooperation was signed to formalise an amount of up to Euro 610 million Reduced Interest Loan (RIL) and Euro 5.5 million Financial grant.

Government to Government Umbrella Agreement on Technical Cooperation was signed to formalise an amount of up to Euro 38.20 million Technical grant for various projects mainly in the field of Energy, Environment and Urban Development. Hence, the total amount formalized through Umbrella

The Agreements were signed by Dr. Martin Ney, Ambassador on behalf of the Government of Federal Republic of Germany. Sameer Khare, Joint Secretary, Department of Economic Affairs, signed the Agreements on behalf of the Government of India. fiinews.com

Leave A Reply

Your email address will not be published.