India and Germany on 6 June 2013 signed an umbrella agreement on financial and technical cooperation in fields of energy, environment and management of natural resources.
This agreement displays the commitment of both nations towards strengthening the long-standing partnership between the two in field of development co-operation. Earlier, India and Germany had negotiated about 723 million Euros worth projects in 2012 as part of a pact on development cooperation between them.
The umbrella agreement was signed by German Embassy's Deputy Chief of Mission Cord Meier-Klodt and Joint Secretary in the Department of Economic Affairs Rajesh Khullar.
Germany also made a commitment to support the expansion plans of renewable energy in India with one billion Euros. The Agreement on Financial and Technical Cooperation generally contains priority areas such as energy, environmental issues and management of natural resources.