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Looking for a partnership with India

The Indo-German Chamber of Commerce celebrated 60 years of doing business in India at Chennai recently. Various leaders of the consortium along with the ambassador and the C V Sankar IAS, additional chief secretary, Industry Department, Government of Tamil Nadu were present at the event.

Looking for a partnership with India

Pointing to the demand for uninterrupted power supply in India, Ney said: “electricity is of great demand for India as of now and especially in the renewable energy (solar) segment. Germany can offer its expertise to India which would be of greater use for both the countries.

   

Established in the year 1956, Indo-German Chamber of Commerce is the largest Chamber of Commerce in India with over 6500 member companies across diverse sectors. It is a part of the Association of German Chambers of Commerce and Industry (DIHK) located in Berlin, Germany and the worldwide network of 120 Chamber offices in 80 countries. It offers services such as Business Partner Searches, Company Formations, Legal Advice, HR Recruitment, Marketing and Branding, Trade Fairs, Information and Knowledge-Exchange through various Publications, Delegations and Events, and Training.


Bernhard Steinruecke, Director General, Indo-German Chamber of Commerce said: “German companies have been industrial leaders, admired globally for their technical expertise, precision and perfection in planning and execution. One of the undisputed factors credited for the success of the German industry has been the world-renowned German Dual Education System, wherein theoretical classes are organized by the Chambers of Commerce, and the practical training is imparted by the corporates themselves.The certification of the programme is done by the German Chambers of Commerce. In India, there has been a dire need for practical training and skill development, and the Indo-German Chamber of Commerce and the German companies are only too happy to support India in this enormous task.”


 


“Various German companies have been investing in Tamil Nadu especially for long. Through Global Investors’ Meet too, many companies had invested freshly in Tamil Nadu. BMW, Daimler is some of the prospective German companies that have invested in Tamil Nadu,” said C V Sankar.


 


Addressing a gathering of Diplomats and Bureaucrats at the meet, Dr Martin Ney, German Ambassador to India said: “Germany is looking to be a partner for India to Make in India.”


 


Pointing to the demand for uninterrupted power supply in India, Ney said: “electricity is of great demand for India as of now and especially in the renewable energy (solar) segment. Germany can offer its expertise to India which would be of greater use for both the countries.


 


Anyhow the ambassador expressed his grief on various reforms are still in a small scale level. Pointing to the steps taken to improve reforms, he said: “steps taken by the government on improving ease of doing business is still in a very basic stage. Added to that numerous bills like GST, Bankruptcy bills are yet to be passed in the Indian parliament. I urge the opposition to give nod for these bills to let development go further. Around 25 to 30 different permissions are required to start a business in India and that is still a bottleneck.


The ambassador also advocated the need for reopening the Free Trade Agreement (FTA) between India and Germany. He said: "FTA will help in investment decisions of foreign investors and will also make Indian companies more competitive.” 


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