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India,Germany sign Indo-German Umbrella Agreement

Staff Reporter, New Delhi
04/12/2017   0 Comments

The  Government of India and the Government of the Federal Republic of Germany, signed the Government to Government Umbrella Agreement concerning Financial Cooperation in 2016 (II) under the Indo-German Development Cooperation. The agreement has been signed to formalize an amount up to Euro 200 million for the Financial Cooperation in form of loan for the project ‘Climate Friendly Urban Mobility III’ and Euro 11 million Accompanying measures in form of grant for four projects.

H.E. Dr Martin Ney, Ambassador on behalf of the Federal Republic of Germany and S. Selvakumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance on the behalf of the Government of India, signed the Agreement.

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