He also called Germany as one of India's most important partner. The remark came by PM Modi while addressing the News9 Global Summit.

"The theme of this Summit is India - Germany: A Roadmap for sustainable growth. This theme is a symbol of the responsible partnership of both countries", the Prime Minister said.

He added: " Euro is an important strategic region for India, both in terms of geopolitical relation and trade and investment and Germany is one of our most important partners. Indo-German strategic partnership completed 25 years in 2024 and this year has been historic and special for the partnership.

Speaking on German Chancellor Olaf Schols visit to India in October, he said: " Last month Chancellor Olaf Schols on his third visit to India after 12 years, the Asia - Pacific Conference of German businesses was organized in Delhi. In the Asia - Pacific Conference of German businesses, Germany released the focus on India document. Besides the Skill Labor Strategy for India was also released. This is the first country - specific strategy released by Germany.

Praising India's economic growth, PM Modi said that's every nation in the world aspire to collaborate with India since India is the fastest growing economy.

"Today, India is the world's a fasted growing economy, every country in the world wants to partner with India for development. Germany's Focus on Indian document is a great example of this. This document shows how today the whole world acknowledging India's importance" PM Modi said.

Elaborating on the partnership between both country, PM Modi said that's over 1,800 Germany companies are functioning in India and the companies invested USD 15 billion in the last couple of years.

PM Modi said: "Over the past few years, the mutual partnership between India and Germany has a continuously strenghtned. In India, more than 1,800 Germany companies are operating, these companies have invested USD 15 billion in the last 3-4 years. Bilateral trade of USD 34 billion takes place between both countries. I'm convinced that the trade will increase because in recent years the partnership between India and Germany has strengthened continuously."

Notably, German is India's largest trading partner in Europe. It has consistently been among India's top 10 Global Partners and were the 7th largest trading partner in FY 2020-21 (10th during FY 2021 - 22 up to October 2021), as per the Embassy of India in Berlin, Germany.

During 2021 - 22 (until October 2021), bilateral trade was USD 13.83 billion, which was an increase of 16% over the corresponding period in FY 2020-21. Indian exports with USD 5.4 billion during this period witnessed an increase of about 27% and Indian Imports with USD 8.4 billion registered an increase of 10%. (ANI)