Indo- German Business forum sees nations come together

By admin June 23, 2015 2:20 pm IST

 VDMA organised the Indo German Business Forum along with the three Knowledge partners ASA & Associates LLP, BDB India Pvt. Ltd., and the Euro Asia Consulting. The event was organized on the 28th April at Hotel Courtyard by Marriott, Pune, on 29th April at Hotel Taj Vivanta, MG Road, Bengaluru and on 30th April at Hotel Le royal Meridian, Chennai.
Indo-German trade in engineering sectorIn 2013, the trade between India and Germany was Euro 16.1 billion and in 2012 it was Euro 17.4 billion. Indian imports from Germany in 2013 were Euro 9.2 billion. The exports from India to Germany attained a value of Euro 6.9 billion in 2013. In 2014 the total import of machinery from Germany reached a volume of Euro 2.5 billion.
Manufacturing – the future growth engine of IndiaIndia’s economy is now beginning to recover and is expected to grow in the coming years.  With new government coming in control with favourable policies and investments, the outlook reflects stronger sentiment.  Positive sentiments reflect through steps taken by government to develop industrial corridor, infrastructure – roads and ports, urbanization, building smart cities and restoring investors’ confidence to enhance (FDI) foreign direct investment.