May 6, 2015
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MoUs advance FDI and technology transfer, promoting manufacturing growth and employment through cross-border industrial collaborations.
Various Indian industries entered into Memorandum of Understanding arrangements with German counterparts to establish collaborative manufacturing, engineering, energy and environmental projects covering technology transfers, joint ventures and cooperation in areas such as control valves, solar and wind energy, machine tools, water and wastewater treatment, smart grids, advanced diesel engines and railway cranes, described as mechanisms to attract Foreign Direct Investment, import technology, strengthen manufacturing and support employment generation.