The Indian industry association, FICCI in association with the Embassy of India in Berlin and the support of German Embassy in New Delhi organized a panel discussion on “Unleashing opportunities: Indo-German High-Technology Manufacturing” in New Delhi, reports Merinews.
The discussions identified the following sectors to be the most appropriate in the Indo-German context: electronic system design and manufacturing, photonics, IT, automotive, civil aviation and airports, transportation infrastructure, water, renewable energy, heavy engineering, biotechnology, pharmaceuticals, space and defense manufacturing.
A FICCI study reports that
• German companies are favorably inclined to invest in the Indian high-tech market
• India is regarded to be the highest performing country among the BRIC markets
• There is market readiness in India for high-tech products
• India has strong IT and space sector capabilities which will be advantageous for German companies
• Recent Government of India initiatives in FDI, ease of doing business, and infrastructure can significantly impact the business environment in high-tech sectors
Dr. Corinna Fricke, Minister Counselor, head of the economic and commercial division, Embassy of the Federal Republic of Germany, India, said in a statement that an industry delegation would visit India in November 2015, and that the bilateral relations between India and Germany had deepened and there was huge scope for cooperation for the two countries.
