After India-Germany meet, Germany earmarks 1 billion dollars for Green Urban Mobility

New Delhi, November 2: German Chancellor Angela Merkel today met with a business delegation in New Delhi. Addressing the gathering, Merkel said, India and Germany have launched Indo-German Partnership for Green Urban Mobility and a sum of one billion dollars has been earmarked for it.

 

She said, both the countries will earmark 200 million Euros to reform the bus sector in Tamil Nadu. Merkel said, people facing the menace of pollution in Delhi, will find very good arguments to replace diesel buses with electric buses.

Both sides concurred that providing low-carbon and sustainable mobility solutions that serve the needs of all citizens is a key challenge of our time for both, emerging and industrialized economies. Germany and India have both taken important steps to create user-friendly and environmentally sustainable mobility schemes through a number of national policies and programs.

Both sides agreed to foster cooperation on low-carbon mobility solutions and welcomed the signing of the new Joint Declaration of Intent on the Indo-German Partnership on Green Urban Mobility wherein the German side expressed its readiness to provide additional concessional finance of Euros 1 billion to support improvements of green urban mobility infrastructure and services and strengthen capacities of national, state and local institutions to design and implement sustainable, inclusive and smart mobility solutions in Indian cities. In addition, both leaders welcomed that e-Mobility is being envisaged an important area of collaboration, including under the already well established Joint Working Group on Automotive.