Chancellor Merkel's visit to India was productive: PM Narendra Modi

"As she leaves India, gratitude to Chancellor Merkel. This has been a productive visit, which has taken India-Germany ties to newer heights," Modi tweeted.

In her three- day visit to India, Angela Merkel, the Chancellor of Germany along with India's Prime Minister Narendra Modi, have signed an agreement that allows the Kendriya Vidyalayas or central schools in India to teach German as an additional foreign language, while the German schools will be offering modern Indian languages as subjects.

Under the new deals, Germany will be offering Indian labourers with vocational training that is set to boost the PM's new 'Make in India' drive.

In an effort to develop India's clean energy, a deal worth $ 2.25 billion was also signed by the two countries.

Speaking at a tech meet in Bengaluru on Tuesday, organised by Nasscom, Modi said, "At a time of global slowdown, India represents a bright spot for investments."

"There is tremendous potential in India-Germany economic collaboration," he added.

He said his government has introduced the GST Bill in parliament and we are hopeful to roll it out in 2016 while across the board "we have increased the validity period of Industrial Licences."

"Never before was India so well prepared to absorb talent, technology & investment from outside," he said. "Such a huge potential for creation and production will not be available in any one country," he added.

In order to ensure a single point of contact for German companies with the Indian Government, the two countries have signed a fast-track approval agreement, a move well appreciated by Merkel.