India, Germany ink pacts on financial, technical cooperation

India and Germany on 5 February 2014 signed two umbrella agreements for financial and technical co-operation under Indo German bilateral Development Cooperation framework. 

From India Mr. P Chidambaram, the Union Finance Minister and from Germany Gerd Mueller, the German Federal Minister for Economic Cooperation and Development signed the pacts during their bilateral meeting.

The Umbrella Agreement on Financial Cooperation pertains to concessional loans from Government of Germany for nine projects, namely 

• Himalaya Hydropower Programme (HPPCL)
• Green Energy Corridors
• Promotional Programme for Energy Efficient New Residential Housing-II (NHB)
• Energy Efficiency in Thermal Power Plants (WBPDCL)
• Affordable Housing Programme (NHB)
• New Approaches in Microfinance and Microenterprise Finance (SIDBI)
• Missing Middle Programme (SIDBI)
• Madhya Pradesh Urban Sanitation and Environment Programme 
• Himachal Pradesh Forest Ecosystems Climate Proofing Project 

The Umbrella Agreement for technical cooperation pertains for to 13 projects in Energy, Environment and Sustainable economic development sectors, which are a priority sectors under the bilateral development cooperation between the two nations.

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