Germany to invest ?1 billion for green urban mobility in India

NEW DELHI: German Chancellor Angela Merkel on Saturday pledged to invest ?1 billion ($1.12 billion) over the next five years on environmentally-friendly urban mobility in India.nnMerkel, whose visit to the country coincided with one of the worst spells of air pollution in Delhi/NCR, also emphasised on the need to replace diesel-run public transport with electric vehicles.nn?We have agreed to co-operate on climate protection and green urban mobility and have earmarked ?1 billion towards this,? Merkel said at an event here.nnGermany would also put in ?200 million to reform the bus sector in Tamil Nadu, she added.nnTouching upon the subject of air pollution in Delhi, she said that looking at the severity of the situation, it would be a good idea to replace diesel buses with electric ones.nnDelhi recorded its worst air quality of the season on Friday as the pollution level touched the ?severe plus? category, prompting authorities to shut schools till November 5, ban all construction activities and declare a ?public heath emergency?.nnMerkel said that Germany would also like to work with India on various segments including healthcare, agriculture and artificial intelligence.nnOn Friday, India and Germany agreed to deepen efforts to resume stalled negotiations for a free trade agreement between India and the European Union (EU).nnThe negotiations for the pact have been held up since May 2013 as both the sides failed to bridge substantial gaps on crucial issues.nnLaunched in June 2007, the negotiations for the proposed pact have witnessed many hurdles with both the sides having major differences on key issues like intellectual property rights, duty cut in automobile and spirits, and liberal visa regime.nnBoth the sides also agreed to intensify efforts for an early conclusion of an investment protection agreement between the EU, the EU member states and India.nnSource: Press Trust of India