🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

India and Germany likely to sign agreement on artificial intelligence

Published 10/30/2019, 09:01 AM
Updated 10/30/2019, 09:06 AM
India and Germany likely to sign agreement on artificial intelligence

NEW DELHI (Reuters) - Germany and India are likely to sign agreements including a partnership on the use of artificial intelligence in farming during a three-day visit to New Delhi by Chancellor Angela Merkel that begins on Thursday, the German ambassador said.

Merkel will be accompanied by several cabinet colleagues and a business delegation, ambassador Walter J. Lindner told reporters.

Merkel and Indian Prime Minister Narendra Modi are expected to discuss trade, investment, regional security and climate change.

Both countries could sign agreements in areas such as artificial intelligence and green urban mobility, Lindner said.

"This time, the focus will be on economic and trade relations, innovation and digitalization, and climate protection and sustainable development," Merkel said in a message ahead of the visit released by the Indian embassy in Berlin.

Bilateral trade between the two countries rose to $24.06 billion in the 2018/19 fiscal year ending in March from $22 billion the previous year, while German companies have invested nearly $12 billion in India since 2000.

Germany is India's largest trading partner in Europe and more than 1,700 German companies are operating in India.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.