Quality Infrastructure: India – Germany Economic Relation

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News Highlights

As part of improving India – Germany Economic relations, a two-day event on Quality Infrastructure was organised.

Joint efforts of India and Germany are necessary to improve product quality and safety as per: Secretary, Consumer Affairs Ministry.

Quality Infrastructure(QI)

  • Quality infrastructure is a system that covers everything needed to ensure safe, high-quality products and services from standardisation, conformity assessment (testing, inspection, and certification), and accreditation to metrology and market surveillance. 
  • It is important for business, innovation, and trade – both nationally and across borders.
  • Importance 
    • They reduce time, cost, and business uncertainty for companies as well as ensure consumer safety.

Event on Quality Infrastructure Pillar on India – Germany Economic Relation

  • Event Organised by – The Department of Consumer Affairs and the German Federal Ministry for Economic Affairs and Climate Action (BMWK).
  • Points Highlighted by Indian Side
    • Importance of India – German partnership emphasized with Indian Prime Minister’s G7 visit.
    • Importance of consumer protection through standards and certification processes.
    • Joint efforts are necessary to improve product quality and safety, such as through the various technical exchanges during QI days.
    • Future Focus Areas – Artificial intelligence, smart farming, and circular economy
  • Points Highlighted by the German Side
    • Importance of the bilateral cooperation on quality infrastructure
    • Indo-German QI-Days provided an important platform for dialogues to share information and expertise on issues of mutual interest to support bilateral trade and economic activities.
    • Underlined the strategic partnership between Germany and India for innovation, digital and green transformation.

Significance of German visit to India

  • Indo-German Working Group on Quality Infrastructure for trade, product safety, and consumer protection provide an excellent opportunity to the experts from both sides. 
  • It aims to improve the mutual understanding of the German and Indian approaches to quality infrastructure (QI).

1st Indo-German Forum on Technical Regulation and Conformity Assessment

  • Held parallel to the event.
  • Both sides discuss how they can work together to improve the ease of doing business as well as the involvement of the relevant stakeholders in technical regulation.
  • It also aims to improve the preparedness of the industry for upcoming regulatory changes.
  • It intends to enhance the effectiveness of regulations through the exchange of approaches to technical regulation as well as good regulatory practices.

3rd Indo-German Forum on Standardisation

  • Standardisation bodies will discuss approaches and criteria for emerging topics, such as 
    • Artificial Intelligence
    • Electromobility
    • Circular economy
    • Hydrogen and smart agriculture.
  • The forum was established in 2019 
  • It enables both countries to collaborate on issues of mutual interest that are relevant to the standard bodies, industry as well as consumers.
  • Indo-German experts will also discuss the role of standardisation roadmaps and the integration of research in standard development processes.

Panel on Circular Economy 

  • It will discuss the role of QI in enabling and supporting the ecological transformation of economies at the national and international policy levels.
  • The experts emphasized the role of standards and certification in the transition to a circular economy across different sectors.

Evolution of India – Germany Relation 

India - Germany Economic Relation

India-Germany Economic Relation

  • Germany is India’s top trading partner in Europe, accounting for 17.4 percent of the European market.
  • Since  2000, Germany has been India’s seventh-largest foreign direct investor.
  • Since 2016, the Department for Promotion of Industry and Internal Commerce (DPIIT) has operated a Fast-Track System for German enterprises to facilitate trade.
  • In 2019, India and Germany inked a Joint Statement to establish a Fast-Track framework in Germany for Indian companies.
  • The Make in India Mittelstand (MIIM) program is run by the Embassy of India in Berlin to help German Mittelstand (Medium Sized Companies) enter India.
  • Germany’s financial aid is mostly in the form of soft loans, composite loans, or grants, all channeled through the German Development Bank.
  • Major Projects
    • Energy (renewables, Green Energy Corridor)
    • Indo-German Solar Partnership
    • Skill Development 
    • Sustainable Urban Development (water/sanitation/waste, climate-friendly urban mobility, smart cities).

Pic Courtesy: Economic Times

Content Source: PIB

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