India,Germany sign pact on financial and technical cooperation focus on sustainable urban development

India and Germany have signed an agreement on financial and technical cooperation focusing on sustainable urban development and renewable energy. 

The government-to-government Umbrella Agreement on Financial Cooperation and Technical Co-operation 2017 is worth about 5,000 thousand crore rupees. 

The agreement under the Indo-German Bilateral Development Cooperation



was signed between Joint Secretary in the Finance Ministry, Sameer Kumar Khare, and German Ambassador to India, Martin Ney, in New Delhi yesterday. 

Speaking at the event, the German Ambassador said, the priority of the co-operation is on sustainable urban development in the areas of sanitation, solid waste management and promotion of urban mobility.