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New Delhi (ABC Live): India on Tuesday has awarded Jawaharlal Nehru Award for International Understanding to visiting German Chancellor Angela Merkel in New Delhi.

Indian President Pratibha Patil honored German Chancellor with Jawaharlal Nehru Award for International Understanding for the year 2009 at the Presidential Palace in New Delhi.

Merkel and India's Prime Minister Manmohan Singh on Tuesday reviewed regional security and pledged to work together against terrorism and promote stability in South Asia.

India and Germany are set to take their bilateral trade to 20 billion euros in a year, as the two countries step up economic and technological cooperation.

"It (Germany) is amongst the largest foreign investors in India. Our bilateral trade was more than 15 billion euros last year, and is on course to reach the target of 20 billion euros per year by 2012," Prime Minister Manmohan Singh said after meeting German Chancellor Angela Merkel today.

Singh said India wants greater German investment in infrastructure, high technology, energy and basic and applied sciences.

"... India offers a stable and friendly investment climate and a large growing market. I welcome the progress that is being made on the issue of high technology exports from Germany to India. This will benefit both economies," the Prime Minister said.

CEOs of top German companies, accompanying Merkel called on Commerce and Industry Minister Anand Sharma after round-table with their Indian counterparts.


Our valuable member Ajay Sood has been with us since Thursday, 10 March 2011.

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