Germany keen on expanding economic co-operation with India
Brigitte Zypries, Parliamentary State Secretary in the German Ministry for Economic Affairs and Energy accompanied Federal President Joachim Gauck as head of a business delegation to India from 4 – 9 February. Zypries and the German business delegation had a dense programme including political call-ons, interaction with German and Indian industry, as well as visits to various projects.
The delegation met with top Indian government officials, inter alia from the Ministry of Commerce and Industry and the Ministry of Power. The various meetings of the German business delegation were constructive, open and interactive, thereby allowing German industry to get an overview of various opportunities of doing business in India.
Parliamentary State Secretary Brigitte Zypries said, "Germany has maintained very close economic relations with India for a long time now, which can be further expanded. For this purpose, we seek close cooperation with our Indian partners to improve the business environment in the country, including in the area of investment."
During the visit, the delegation showed keen interest in areas such as industrial corridors, mega infrastructure projects, as well as the modernisation of the power sector. Individual meetings opened up new channels of addressing matters of mutual interest. Also individual concerns of German investors, as well as apprehensions with regard to infrastructure bottlenecks and bureaucratic hurdles were addressed.
A special luncheon was held for an exchange on the Indo-German Manager Training Programme (IGMTP), funded by the Federal Ministry for Economic Affairs and Energy. The meeting allowed for an active exchange of ideas on this bilateral initiative between the German delegation, the Department of Industrial Promotion and Policy, Indian alumni of the programme, Indian business associations and the German technical cooperation agency (GIZ).
The delegation gained substantial insights into the situation of the Indian economy, as well as the investment climate from representatives of the Indo-German Chamber of Commerce (IGCC) and Germany Trade and Invest (GTAI).
In addition to official meetings, the delegation visited various projects including a Delhi metro construction site, for which the German company Herrenknecht has developed specialised tunnel drilling equipment.
A visit to the German Pavilion at "Auto Expo 2014 - Components Show" offered a chance to learn from the experiences and business plans of German automotive components makers in India. A visit to the Ahlcon International School, where over 500 students learn German, was a memorable experience. The delegation had an informal chat with students and teachers and got a glimpse of India’s rich cultural heritage.