ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Germany-India GSDP well-funded initiative; focusing on wide range of projects across India: German Ambassador

The Green and Sustainable Development Partnership (GSDP) between Germany and India is a well-funded initiative, allocating over Euro 1 billion annually to a range of specific projects across India, said German Ambassador Philipp Ackermann.

ANI Aug 14, 2024 16:17 IST googleads

German Ambassador to India, Philipp Ackermann (Photo/ANI)

New Delhi, (India), August 14 (ANI): The Green and Sustainable Development Partnership (GSDP) between Germany and India is a well-funded initiative, allocating over Euro 1 billion annually to a range of specific projects across India, said German Ambassador Philipp Ackermann.
Launched in 2022, the initiative has focused on a wide range of projects from reforestation efforts in the Northeast to agroecological projects in Andhra Pradesh, and urban public transport enhancements in Bangalore and Ahmedabad, the ambassador said in an interview.
Ackermann emphasized the pride both nations share in developing these projects together, underlining the importance of the collaboration in driving sustainable development.
" GSDP is a partnership that goes for roughly 10 years and is well-funded with 10 billion Euros, roughly 1 billion, even a little more, is going to the Indian projects we are developing together with the Indian sides," the ambassador said.
"It is a very interesting partnership, because there are very many projects, very specific projects, starting with forests in the northeast, going to agroecology in Andhra, going to public transport in Bangalore and Ahmedabad. So we are really very, very proud of covering the whole subcontinent together with our Indian partners in a very good way," he added.
The India-Germany Green and Sustainable Development Partnership (GSDP) is a collaborative initiative aimed at advancing green and sustainable development goals. Launched in May 2022, it focuses on addressing key environmental challenges such as climate change, renewable energy, and sustainable infrastructure.
The partnership seeks to strengthen cooperation between India and Germany in areas like climate action, biodiversity conservation, and green growth. It involves both governmental and private sector stakeholders from both countries working together on various projects.
When asked about the defence cooperation between Germany and India, the ambassador asserted the defence ties have significantly strengthened in recent months, as both countries deepen their military collaboration.
Ackermann highlighted the growing engagement in joint military activities, emphasizing the importance of this partnership. "Defense cooperation has developed a lot over the last couple of months, and that goes along with the fact that we have been much more engaged in our military cooperation," Ackermann noted. (ANI)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Adani Foundation to connect 10 lakh women nationwide

Adani Foundation to connect 10 lakh women nationwide

The Adani Foundation, today, declared that in the next one year, it will connect one lakh women in Maharashtra with the Swabhimaan initiative. For the future, Adani Foundation has announced to connect 10 lakh women in India with the same initiative and make them strong.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.