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German companies are increasingly viewing India as a strategic hub for manufacturing, research and development, and innovation alongside its role as a key consumer market, Commerce and Industry Minister Piyush Goyal has said. Addressing the media after concluding his two-day visit here, the minister said he held a series of bilateral meetings with representatives from companies including Siemens Healthcare, Bertelsmann Investment, Volkswagen and Skoda. "The CEOs echoed one message - German companies no longer see India only as a market, but as their partner, as a base for manufacturing, for research and development, for innovation," he said. German precision and research, combined with India's skill and talent to innovate and manufacture for the future, and investing in the India growth story, will change the global perspective and outlook toward India, he said. About 2,000 German firms currently have operations in India. The minister was here to discuss ways to boost trade and ...
Union Minister Ashwini Vaishnaw has invited German companies to invest in India, saying it is a trusted partner which offers political and economic stability. Addressing the TV9 Global Summit in Stuttgart on Thursday evening, he said India was growing steadily at 6-8 percent and was poised to continue this trajectory for many years to come. "Consider including India in your supply chain. India hosts over 1,800 global capability centres across virtually every sector. We offer a vast pool of talent, with world-renowned capabilities in IT," the minister said. "The success of our government reflects in the fact that good economics can also make good politics. While many democratic nations have faced turmoil, India remains a trusted partner, offering both political and economic stability," he said. Vaishnaw said India had a very healthy balance sheet, with debt at 57 percent of the GDP, well below the debt levels seen in other large economies. "This success is not a coincidence. It is
Prime Minister Narendra Modi on Friday met German Chancellor Angela Merkel and discussed ways to deepen the Indo-German relations and enhance cooperation in areas like artificial intelligence and cyber security. The two leaders met in this Japanese port city on the sidelines of the G-20 summit. "Further enriching a cherished friendship. PM @narendramodi met Chancellor Merkel of #Germany on the margins of #G20OsakaSummit. Discussed enhancing cooperation in artificial intelligence, E-mobility, cyber security, railway modernisation & skill development. @eoiberlin," Ministry of External Affairs spokesperson Raveesh Kumar tweeted. Chancellor Merkel also congratulated Modi on the recent electoral victory, the Prime Minister's Office said in a tweet "Giving impetus to friendship with Germany. Chancellor Merkel and PM @narendramodi discuss ways to diversify and deepen India-Germany ties," the PMO tweeted. Germany is India's largest trade partner in the 28-member European Union bloc. In