Scholz, the German chancellor, will “personally” participate in the trade agreement with India.

On Saturday, Olaf Scholz, the chancellor of Germany, stated that India had made a significant advancement that is excellent for bilateral relations. According to Scholz and Prime Minister Narendra Modi, a free trade agreement between India and the European Union will eventually be implemented.

After meeting Prime Minister Modi at Hyderabad House in New Delhi, Scholz said, “It’s an important topic, and I will get personally involved.”

Speaking of their mutually beneficial relationship, Scholz noted that he and PM Modi have been cooperative and open to discussing various issues.

According to the chancellor, about 1,800 German businesses operating in India, creating thousands of jobs. He also stated that Germany wanted to take advantage of Indian talent.

“We require talent and skilled labour. India is experiencing a boom in the development of IT and software, and it is home to many strong businesses. India has a wealth of talent, and we want to capitalise on that. We want to bring that talent to Germany,” he declared.

At the joint conference, Prime Minister Modi emphasized the high mutual respect and trust between the two nations.

“Germany is not only our top trading partner in Europe; it also makes significant investments in India. Shared democratic values and mutual interests are the foundation of India and Germany’s close ties, he said.

“Over the past few years, relations between the two countries’ populations have significantly improved. The “Make in India” and “Aatmanirbhar Bharat” campaigns create new opportunities across all industries. Germany’s interest in these opportunities is encouraging to us, he continued.