The German team shared details about Deutsche Börse’s new Global Capability Center (GCC) in Hyderabad. The Chief Minister thanked the company for choosing the city and promised full government support for German investors.

Revanth Reddy said the GCC will create nearly 1,000 IT jobs within two years. He added that Hyderabad is growing as a global innovation hub. The Chief Minister invited more countries to invest in the city’s expanding technology ecosystem.

He also sought German cooperation in education and skill development. Reddy asked Germany to send German language teachers to Telangana. He also encouraged collaboration with TOMCOM on vocational and technical training programs.

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At a press briefing with German Foreign Minister Johann Wadephul in New Delhi, Jaishankar highlighted the importance of deeper economic ties. He noted that bilateral trade between India and Germany reached a record high of $33.4 billion (28 billion euros) in 2024. Both sides now want to push this growth further.

Jaishankar also stressed the importance of moving the India-EU free trade agreement (FTA) talks toward a decisive conclusion. He said that India and Germany share the vision of building a more resilient and secure economic partnership in the face of global challenges.

Wadephul echoed this confidence, recalling his earlier remarks that Germany was certain trade volumes with India would double soon. Both leaders underlined that stronger trade links will benefit businesses, create jobs, and improve cooperation in technology, energy, and sustainability.

By focusing on doubling their bilateral trade, India and Germany are setting a positive tone for future global partnerships.

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