The leaders discussed expanding the skilled migration initiatives for Indian professionals, with Germany recognizing India as a key source for skilled labor. Both nations committed to simplifying migration processes, aiming to fulfill Germany's need for skilled talent and further strengthening India-Germany partnership.
7th India-Germany Inter-Governmental Consultations (IGC), New Delhi, October 25, 2024 – India and Germany are significantly expanding their partnership in the semiconductor sector, highlighting a shared commitment to strengthen local manufacturing and innovation. During high-level discussions in New Delhi, both countries confirmed their dedication to advancing semiconductor production and technology, marking a crucial step towards enhancing India’s high-tech manufacturing capabilities. This collaboration aligns with India’s strategic focus on building a self-sufficient semiconductor ecosystem to meet the increasing demand for digital infrastructure, especially in light of global supply chain challenges.
The Indo-German Strategic Partnership has seen impressive growth, with new investments exceeding 1 billion EUR across several key sectors. A substantial portion of this funding is directed towards supporting India’s semiconductor initiatives and developing green technologies. This dual approach not only reflects a commitment to sustainable manufacturing practices but also highlights the importance of reducing dependence on semiconductor imports. Germany’s support includes both financial resources and technical expertise, facilitating India's transition to a stronger domestic semiconductor industry. Such collaboration is essential as the nation seeks to address the evolving demands of its digital economy and enhance its competitive edge in the global market.
In addition to strengthening manufacturing capabilities, both nations recognize the vital role of skilled workforce development in achieving their semiconductor ambitions. Germany has committed to enhancing skill-building initiatives in India, focusing on training programs planned for professionals in high-tech and green technology fields. These efforts align with the “Make in India” mission and aim to create a technically proficient workforce capable of driving the semiconductor sector's growth. By investing in education and training, the partnership between India and Germany not only strengthens economic partnership but also raises innovation-driven growth. This roadmap on innovation and technology promises to transform the semiconductor landscape in India, paving the way for a sustainable and technologically advanced future, while also enhancing job opportunities and economic success for both nations.
