New Delhi : Aimed at expanding bilateral trade and investment, India has decided to fast-track investments from Germany by making it easier for German firms to get approvals and do business here, while the two countries also committed to soon resume negotiations for the stalled India-EU free trade pact, reports PTI.
German Chancellor Angela Merkel, who is in India on a three-day visit, welcomed Prime Minister Narendra Modi’s “commitment to improve the ease of doing business in India and the Indian decision to set up a fast-track system for German companies in the Department of Industrial Policy and Promotion (DIPP)”. It will be fully operationalised by March 2016. On the stalled talks on the proposed Free Trade Agreement between India and the European Union (EU), both the sides underlined their “strong commitment to the EU-India Broad Based Trade and Investment Agreement and committed to bring about a resumption of the negotiations as soon as possible”.
