Government approves pacts with Germany

Solar energy sector

  • The government approved a post facto agreement with Germany to expand bilateral cooperation in the field of solar energy.

  • The Union Cabinet approved a Memorandum of Understanding (MoU) to expand bilateral development cooperation in the field of Solar Energy by increasing use of solar energy in India through technical as well as financial cooperation
  • Under the agreement, Germany would provide concessional loans in the range of one billion Euros over the next five years through Kreditanstalt fur Wiederaufbau (KfW).
  • The funds of KfW will also be utilized for providing soft loans to the end-users through partner banks. The MoU will help in strengthening bilateral cooperation between the two countries.
  • India has set an ambitious target of having 100 GW solar power generation capacity by 2022 under the National Solar Mission.

Capital goods sector

  • The Union Cabinet  also approved another agreement with Germany to roll out the ‘Make in India’ campaign for the capital goods sector
  • A pact was signed between Department of Heavy Industries and Fraunhofer Gesellschaft (Germany) to provide platform to various public sector undertakings and capital goods sector units. It will lead to  easy access to capabilities and expertise of Fraunhofer for identifying and plugging technology gaps in line with 12th Five Year Plan. Fraunhofer Gesellschaft, Germany is a leading organisation of 65 institutes for applied industrial research in Europe.
  • Under the MoU, Fraunhoferw will be a “Technology Resource Partner” for implementing of identified projects in manufacturing, working with various stakeholders in Government of India, Industries and academia for increased cooperation and collaboration in applied industrial research and technology development, the release said.
  • They have capability to provide advanced industrial technologies needed by the Indian Capital Goods Sector.
Related Posts
The Government has launched Crime and Criminal Tracking Network and Systems (CCTNS) in the country. The aim, objective and salient features of CCTNS are : To fully computerize the process of crime ...
READ MORE
Karnataka – State to buy fodder from farmers
The state government will buy fodder from farmers to help them in the wake of the drought, Agriculture Minister Krishna Byre Gowda said on 6th Dec A government order in this ...
READ MORE
Akrama-Sakrama online process to start after a week (Karnataka Updates)
Citizens can apply online for regularisation of their properties under the Akrama-Sakrama scheme may have to wait at least a week as the Bruhat Bengaluru Mahanagara Palike (BBMP) is yet to ...
READ MORE
Karnataka Current Affairs – KAS/KPSC Exams – 23rd Feb 2018
State-owned PSUs incur Rs 1,265 cr loss in FY17 Karnataka government-owned public sector companies have reported a loss of Rs 1,265.37 crore for the year ended March 2017. Out of 90 working ...
READ MORE
“21st ಜೂನ್ 2018 ಕನ್ನಡ ಪ್ರಚಲಿತ ವಿದ್ಯಮಾನ”
ರಾಜ್ಯಪಾಲರ ಆಳ್ವಿಕೆ ಸುದ್ದಿಯಲ್ಲಿ ಏಕಿದೆ? ಉಗ್ರ ನಿಗ್ರಹದ ವಿಚಾರದಲ್ಲಿ ಮೂಡಿದ ಭಿನ್ನಮತದ ಕಾರಣ ಪಿಡಿಪಿ-ಬಿಜೆಪಿ ಮೈತ್ರಿ ಸರ್ಕಾರ ಪತನಗೊಂಡ ಜಮ್ಮು-ಕಾಶ್ಮೀರದಲ್ಲಿ ರಾಜ್ಯಪಾಲರ ಆಳ್ವಿಕೆಗೆ ರಾಷ್ಟ್ರಪತಿ ಅಂಕಿತ ಹಾಕಿದ್ದಾರೆ. ಜಮ್ಮು ಮತ್ತು ಕಾಶ್ಮೀರದಲ್ಲಿ ರಾಜ್ಯಪಾಲರ  ಆಳ್ವಿಕೆಯ ಮಹತ್ವವೇನು? ಜಮ್ಮು ಮತ್ತು ಕಾಶ್ಮೀರದಲ್ಲಿ ರಾಜ್ಯಪಾಲರ ಆಳ್ವಿಕೆ ಹೇರುವುದು ಉಳಿದ ...
READ MORE
Karnataka Current Affairs – KAS/KPSC Exams – 14th Feb 2018
Kalaburagi is now free wifi connected Kalaburagi is now wi-fi connected with the installation of a new, free wi-fi hotspot, at the city's Mahanagara Palike office premises. MP Mallikarjun Kharge inaugurated the ...
READ MORE
What are the underlying causes? El Nino The El Niño is a weather phenomenon resulting in warmer than expected ocean temperatures in the central and eastern parts of the tropical belt of ...
READ MORE
Man-made water crisis in Karnataka: KPSC/KAS 2016 Challengers
Irrigation projects in Karnataka poorly executed, says CWC The Central Water Commission (CWC), which studied the drought situation in Karnataka, has taken a serious note of ‘poor execution’ of Centrally funded ...
READ MORE
Karnataka Current Affairs – KAS / KPSC Exams – 4th May 2017
State to get 9 more viral load testing centres Karnataka is all set to get nine more viral load testing centres which will help reduce hassles and ensure timely detection of ...
READ MORE
The Corruption Perceptions Index (CPI) for 2015
Denmark the least corrupt country, India at 76th position India has climbed nine points to rank 76th in this year’s global corruption index topped by Denmark, with watchdog Transparency International calling ...
READ MORE
Crime and Criminal Tracking Network and Systems
Karnataka – State to buy fodder from farmers
Akrama-Sakrama online process to start after a week
Karnataka Current Affairs – KAS/KPSC Exams – 23rd
“21st ಜೂನ್ 2018 ಕನ್ನಡ ಪ್ರಚಲಿತ ವಿದ್ಯಮಾನ”
Karnataka Current Affairs – KAS/KPSC Exams – 14th
Chennai floods explained
Man-made water crisis in Karnataka: KPSC/KAS 2016 Challengers
Karnataka Current Affairs – KAS / KPSC Exams
The Corruption Perceptions Index (CPI) for 2015