Germany’s Mittelstand keen to invest in India

Berlin, Feb 19:

The small and medium enterprises (SME), called Mittelstand in German, from the Saxony state are showing keen interest to expand their business ties and investments in India.

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The companies are encouraged by the Make in India campaign of the Indian government, a statement issued by the Embassy of India in Berlin said here.

Gurjit Singh, ambassador of India to Germany, called on the companies from Saxony to join the Make in India initiative and step up their level of engagement with India. The government of Saxony is also supporting companies which are interested in doing business with India.

The “Make in India Mittelstand” programme was organised by the Indian Embassy in Berlin to support German Mittelstand and family owned enterprises investing in India is helping create successful business ventures between India and Germany.

The event was attended by over 100 delegates from Saxony from the field of business, research and academia.

Several success stories of German companies that are collaborating with India were showcased during the India Business Day held in Leipzig on February 17.

The India Business Day had been organised in partnership with Leipzig Graduate School of Management (HHL) to present India as a destination for investment and showcase successful business ventures.

Georg Milbradt, former minister-president (chief minister) of the state of Saxony who had joined the India Business Day, expressed his interest to intensify India-Saxony relations. The discussions at the event deliberated on further strengthening of India and Saxony cooperation in the areas of clean energy, micro-electronics, biotechnology and high-tech engineering.(IANS)

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