Bengaluru: Prime Minister Narendra Modi and German Chancellor Angela Merkel on Tuesday sought to give a new direction to bilateral ties by strengthening economic and business links as Indian and German companies signed five agreements and automotive giant Bosch announced Rs.650 crore investments in India.

Modi exhorted German industry to invest and 'Make in India' for a growing domestic market and huge export markets the world over, while Merkel exuded great confidence that ties would see a quantum leap.