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Germany seeks to strengthen business ties with India to reduce reliance on China

forexlive.com — October 23, 2024, 10:00 AM UTC

Summary: Germany is shifting its focus to India to reduce reliance on China. Chancellor Olaf Scholz will lead a delegation to discuss increasing business ties, as the German economy faces challenges and depends heavily on Chinese demand.

German Economy Minister Robert Habeck emphasized India's importance in diversifying the economy and strengthening supply chains. In 2022, German direct investments in India were about €25 billion, only 20% of investments in China.

While India offers significant market potential, challenges like bureaucracy and corruption may hinder German companies from fully capitalizing on opportunities there.

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Article metrics
Significance5.1
Scale & Impact6.0
Positivity6.0
Credibility6.5
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Timeline:

  1. [5.1]
    India and Germany strengthen ties with 27 agreements in New Delhi (dw.com)
    3d 8h

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  2. [5.5]
    Scholz promotes defense ties and cooperation with India during visit (dw.com)
    3d 9h

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  3. [4.8]
    Jaishankar and Baerbock discuss regional and global issues in India-Germany talks (ndtv.com)
    3d 21h
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  4. [5.1]
    Modi invites German businesses to invest in India during Scholz visit (ndtv.com)
    4d 13h

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  5. [4.3]
    Modi and Scholz meet to enhance India-Germany ties and advocate for peaceful conflict resolution (zeenews.india.com)
    4d 13h
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  6. [5.7]
    India and Germany strengthen ties during Modi and Scholz talks in New Delhi (thestar.com)
    4d 14h

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  7. [5.4]
    India and Germany strengthen ties with defense and trade agreements during Scholz's visit (news.yahoo.com)
    4d 14h

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  8. [5.5]
    Scholz arrives in New Delhi to discuss global conflicts and strengthen India-Germany ties (timesnownews.com)
    4d 15h

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  9. [5.3]
    Modi and Scholz meet to strengthen India-Germany ties and boost skilled worker visas (livemint.com)
    4d 15h

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  10. [4.9]
    Germany increases skilled worker visas for Indians to 90,000 annually (ndtv.com)
    4d 15h
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  11. [4.8]
    Germany raises annual visa quota for skilled Indian workers to 90,000 (hindustantimes.com)
    4d 15h
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  12. [4.6]
    Modi and Scholz emphasize peace solutions for Ukraine and West Asia conflicts in New Delhi meeting (hindustantimes.com)
    4d 15h
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  13. [5.5]
    Germany to increase skilled worker visas for Indians to 90,000, says PM Modi (livemint.com)
    4d 16h

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  14. [4.8]
    Modi invites German investments in green hydrogen and AI during meeting with Scholz (timesnownews.com)
    4d 16h
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  15. [5.5]
    Scholz and Modi hold talks in New Delhi to strengthen Germany-India ties (dw.com)
    4d 18h

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  16. [5.3]
    German Chancellor Olaf Scholz begins talks with PM Modi during India visit (zeenews.india.com)
    4d 18h

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  17. [5.8]
    German Chancellor Scholz arrives in Delhi for talks with PM Modi on strategic ties (hindustantimes.com)
    4d 19h

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  18. [5.7]
    Scholz and Modi meet in New Delhi for key bilateral talks (dw.com)
    4d 19h

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  19. [5.5]
    Germany's Chancellor Olaf Scholz arrives in India for talks with PM Modi on strategic ties (timesnownews.com)
    4d 22h

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  20. [4.4]
    German Chancellor Olaf Scholz arrives in India for Asia Pacific Conference of German Business (india.com)
    4d 23h
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  21. [5.1]
    Scholz visits India to boost Indo-German cooperation in skills and economy (timesnownews.com)
    5d 4h

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  22. [4.9]
    Germany strengthens ties with India as relations with China decline (ndtv.com)
    5d 18h
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  23. [4.8]
    German Chancellor Scholz visits India to strengthen strategic ties and global security (firstpost.com)
    5d 18h
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  24. [4.1]
    Germany seeks stronger ties with India as relations with China decline (timesofindia.indiatimes.com)
    5d 18h
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  25. [5.7]
    Germany and India hold high-level talks to strengthen economic ties and immigration policies (dw.com)
    5d 19h

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  26. [4.7]
    Germany seeks stronger ties with India as relations with China decline (livemint.com)
    6d 0h
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  27. [5.7]
    Chancellor Scholz visits India to explore trade opportunities and reduce reliance on China (news.yahoo.com)
    6d 8h

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  28. [4.3]
    Germany sees India as key player in Russia-Ukraine dialogue, says ambassador (ndtv.com)
    6d 10h
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  29. [5.4]
    Scholz visits India to boost economic and defense ties despite Russia differences (sg.news.yahoo.com)
    6d 11h

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  30. [4.6]
    Germany's envoy highlights India's role in Russia-Ukraine dialogue ahead of Scholz visit (hindustantimes.com)
    6d 12h
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  31. [6.0]
    Germany seeks to strengthen ties with India to lessen dependence on China (economictimes.indiatimes.com)
    6d 16h

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  32. [5.5]
    Germany seeks to strengthen economic ties with India to reduce reliance on China (dawn.com)
    6d 16h

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