India and Germany June 6 signed an umbrella agreement on financial and technical cooperation in the field of energy, environment and management of natural resources, according to a statement.
The two countries had negotiated about $954.5 million in projects in 2012 as part of a pact on development cooperation between them, according to the statement from Germany‘s Ambassador to India Michael Steiner.
“The agreement is a record in our commitment. It clearly shows our determination to further strengthen our long-standing partnership with India in the field of development cooperation,” Steiner said.
Germany has committed to support expansion of renewable energy in India with $1.32 billion.