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Merkel to give away Deutsche Bank award

MUMBAI: Deutsche Bank will present the first Deutsche Bank Urban Age Award, worth $ 1,00,000 (Rs. 40 lakh), to a project based in the Mumbai metropolitan area and it will be presented by the Federal Chancellor of the Federal Republic of Germany, Angela Merkel, here on November 1.

The award will coincide with the Urban Age India conference on November 2 and 3, a joint initiative of Deutsche Bank’s Alfred Herrhausen Society and the London School of Economics and Political Science, a worldwide investigation into the future of cities.

The award will focus on projects that benefit communities and local residents by improving their urban environments.

Dr. Merkel will also meet self-help groups of women who benefit from micro-credit schemes, financed and supported by the National Bank for Agriculture and Rural Development with funding and technical assistance from Germany, said Walter Stechel, Consul General of the Federal Republic of Germany, here.

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