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Doing business in India is like running a marathon: German Inc delegate

At the 5th Indo-German Consultations, Merkel, who came to India with a business delegation, said there was clear indication that the conditions for investment in India had improved, but room for more

Chancellor of Germany Angela Merkel visited DMRC’s first  rooftop solar power plant in New Delhi on Saturday	Photo: PTI
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Chancellor of Germany Angela Merkel visited DMRC’s first rooftop solar power plant in New Delhi on Saturday Photo: PTI

Natalie Mayroth
“Doing business in India is like running a marathon,” said Peter Kern, representative of the German Central Bank in India. He added, “India needs fundamental reforms of the land laws, speeding up of the legal processes, and the labour market.” Renewed investment protection was another top priority of many entrepreneurs.

At the fifth Indo-German Consultations, Merkel, who came to India with a business delegation, said there was clear indication that the conditions for investment in India had improved, but there was also room for more. Besides the €1 billion that Germany has promised to pump into green urban mobility projects in