Ambassador Dr. Ney: Excellent conditions to do business in India
German Ambassador Dr. Martin Ney addressed the members of the Indo-German Chamber of Commerce at their 61st Annual General Meeting (AGM) in Mumbai, on 25th September 2017.
IGCCs newly elected president Thomas Fuhrmann was introduced by outgoing president C.S. Mathur. With more than 650 attendees, 30 exhibitors, and a special ‘Invest in Germany: Advantages from North to South’ pavillion of German federal states, the meeting highlighted the outstanding presence of the Indo-German business community in India.
The initiative goes back to the working group “Invest in Germany” the German Embassy initiated in May 2016, bringing together various business and investment promotion agencies of German federal states and regions.
Enlarge image C.S. Mathur, outgoing President of the IGCC, speaking before a packed audience (© IGCC)
After an introduction by Bernhard Steinrücke, Director General, IGCC, attendees were welcomed by C.S. Mathur, outgoing President of the IGCC, and addressed by Dr. Martin Ney, German Ambassador to India.
Ambassador Dr. Ney underlined the excellent conditions for IGCC and its member companies to do business in India. The sound macro-economic situation in India, political stability, India governments’ reform agenda and longstandig and strong Indo-German relations are contributing to this positive business environment. Moreover the German Ambassador stated : “the upcoming EU-India Summit in early October poses a great opportunity to strengthen the ties between the largest democracy and the largest democratic trading bloc of the world. Enlarge image Ambassador Dr Ney speaking at the event (© IGCC)
Suresh Prabhu, Indian Minister of Commerce and Industry, shared thoughts via a video message. Awards for Outstanding Contribution towards the Promotion of Indo-German Economic Relations, Outstanding Export Performance by an Indo-German Joint Venture, the Sustainability Awards 2017 and the Dr. Günter Krüger Award for Excellence for the top performing students of the Indo-German Training Centre (IGTC) in Mumbai, Bengaluru and Chennai, were declared at the AGM. In the Lufthansa Lucky Draw that followed, two winners received two return tickets to Germany each. A live telecast of result announcements of the federal elections in Germany was arranged, so guests could keep track of the results of the German parliamentary election.
Ambassador Dr. Ney used the opportunity of his stay in Mumbai to hold talks with the Governor of the Indian Central Bank, Urjit Patel, the Chairman of Tata Group, Nataraja Chandradekaran and representatives of Bayer AG in India.