At the Sixth edition of the India-Germany Inter-Governmental Consultations (IGC), India and Germany inked a joint declaration on Forest Landscape Restoration, Agroecology, and Sustainable Natural Resource Management.
Indian Prime Minister is on an official visit to three European nations - Germany, Denmark, and France.
The agreement was signed virtually between Environment Ministers of both countries which will provide the platform to further advance the partnership and support between the two countries in areas such as conservation and restoration, climate protection, and conservation of biodiversity.
As per the agreement, financial support of up to 300 million euros will be provided by Germany to India by the year 2025 for financial and technical cooperation for projects.
The two countries plan to establish a joint research center supported by financial cooperation to develop and share cutting-edge knowledge with practitioners from India, Germany, and other countries. The transfer of technology and scientific knowledge will be promoted by encouraging exchanges, partnerships, and research collaboration with the private sector.
This will seek to facilitate value-added technology and scientific transfer in order to address the changing agenda of agroecology. To oversee the implementation, a working group will be set up with the concerned Ministries.