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German Chancellor Olaf Scholz is likely to visit India twice next year as the two countries look to strengthen bilateral relations with an emphasis on green and sustainable development. "The Chancellor is planning a bilateral visit to India next year.... I am very confident he will come for a bilateral visit before the G-20 Summit, German Ambassador to India Philipp Ackermann told reporters here. Ackermann said Germany and India have finalised 22 projects covering transition to renewable energy, climate resilient urban development and sustainable use of natural resources totalling one billion euros for the next year under the green and sustainable development partnership (GSDP). The German Chancellor, during Prime Minister Narendra Modi's visit to Germany in May, had announced support of at least 10 billion euros by 2030 under GSDP. A large part of the support will be in the form of credit lines from KfW Development Bank with interest rates ranging from 2.7 per cent to 3.2 per cent
The local chapter of Indian Chamber of Commerce and Industry (ICCI) has joined hands with National Productivity Council, and Taiwan which would provide industries innovative green solutions to curb carbon footprints in the wake of growing climate change threats. ICCI president Sriramulu and the productivity council director-general Sandeep Kumar Nayak signed a memorandum of understanding (MoU) in this regard on Friday, a release from the chambers said on Saturday. Earlier, an 8-member delegation of Taiwan-China Productivity Centre held a meeting with industrialists and entrepreneurs during which Taiwan assured to provide technology to promote green technology in energy efficieny, smart e-mobility, water treatment and smart agriculture, said the release. The green technology would reduce energy consumption while reducing an equal amount of greenhouse gas in India, it said. Technology such as cloud-connected e-mobility, power-generating elevators, electrodialysis for industrial wast
Green mobility is going to play a major role in decarbonisation of India's transport sector, NITI Aayog CEO Parameswaran Iyer said on Wednesday. Iyer, while addressing an event organised by the 'Shoonya Forum', noted that the role of financing is critical for scaling of electric mobility in India. He also stressed on the need of finding ways to reduce risks associated with financing of electric vehicles. Pointing out that the rural India is urbanising rapidly, the NITI Aayog CEO said there is a need to push electric vehicles in smaller cities also. According to a recent report prepared by NITI Aayog and Rocky Mountain Institute (RMI) India, banks and non-banking financial companies (NBFCs) have the potential to achieve electric vehicle financing market size of Rs 40,000 crore by 2025 and Rs 3.7 lakh crore by 2030. The report had also stressed that lending by banks and NBFCs for buying EVs should be included in the Reserve Bank of India's (RBI) priority-sector lending (PSL) ...