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Germany exhorts Indian firms for more investments

Press Trust of India  |  New Delhi 

has laid out the "red carpet" for Indian firms, underlining their potential for in the European nation, German Ambassador Martin Ney said here.

"German companies alone have invested a total of 9.7 billion Euros in since 2000. If we compare this number to Indian in one conclusion becomes quite clear. There is still some potential the other way round," Ney said while addressing an event yesterday.

"That is why the new federal states of the Eastern region of and the Embassy have laid out the red carpet," he said.

Germany's economic development agency held roadshows in to attract the countrys businesses to invest in ICT clusters in the Eastern part of the European nation.

The Trade & Invest has held roadshows in Mumbai, and Delhi, eyeing from Indian companies, especially those belonging to the information and communications technology (ICT) sector.

"We have for example German companies well established in manufacturing but they have huge difficulty to adapt to the digital agenda.. There is a good fit between established manufacturers in Germany, many of them SMEs, and ICT companies in India," Trade and Invest CEO Jurgen Friednich told PTI. He was also speaking at the event.

Friednich said around 150 companies participated in the roadshows on opportunities in East ICT clusters across Mumbai, and

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 08 2017. 13:40 IST