German Businesses Plan to Invest in Indian High-Tech Market

German companies are seeking to invest and do company formation in India in the High-­Tech market, as per a study conducted by Federation of Indian Chambers of Commerce and Industry (FICCI), Embassy of India and Ernst & Young. This alliance will boost trade relations and augment investments between these two countries while anchoring Prime Minister, Narendra Modi’s ‘Make in India’ initiative.

Siddharth Birla, who was the Immediate Past President of FICCI and Chairman of Xpro India Limited was of the view that there was a requirement to expand India’s contribution of high-tech manufacturing and also orient R&D to achieve higher levels of economic growth.

Germany being a technology leader, it can very well complement India’s goals in the field of Hi-­tech manufacturing. This collaboration would include sectors such as Electronic System Design and Manufacturing (ESDM), IT, automotive, photonics, civil aviation and airports, water, transportation infrastructure, heavy engineering, renewable energy, biotechnology, space and defense manufacturing and pharmaceuticals.

India and Germany’s partnership is expected to benefit both these countries while also improving their mutual growth. Germany’s high-­tech features and know-how and India’s young and skilled man­power can get together to bring the best possible results.