Skip to main content

Germany Expresses Happiness on Indian Investment Climate

By

Anand Sharma raises issues of Cumbersome Visa Process and IPR Infringement of Indian Intellectual Property
Siemens to collaborate in Skill Development in Manufacturing
Meets German Economy Minister and Mayor of Berlin
Dr. Philipp Roessler, German Federal Minister of Economics & Technology of Germany has informed visiting Indian Minister of Commerce Industry and Textiles Shri Anand Sharma that most of German Companies in India are happy with the business environment in India and expressed his desire to further deepen economic engagement with India.  Reciprocating the sentiment Shri Anand Sharma said “Indian industry majors such as Tata Motors, Bharat Forge, Suzlon and the Mahindras group,Wipro, Infosys have all established their base in Germany. There are 215 Indian companies active in Germany employing over 24,000 people, making an enriching contribution to the local economy.” About 600 Indo-German joint ventures are presently in operation in India. FDI inflows from Germany into India is around US $ 4.55 billion and it ranks 8th among investors in India.   FDI flow from India into Germany is US $ 5.9 billion in 2011. The two Ministers met in Berlin yesterday.
However, both sides raised issues pertaining to the companies of their companies which need governments’ attention. Shri Sharma  raised the issue of dispute between Ideafarms (an Indian Company) & Continental AG concerning unauthorized use of software, copyright of which was held by Ideafarms. India was given assurance of a just solution and Indian side will follow the issue up with the German side.  Shri Sharma also raised the ease of movement for business visitors and said “I do hope that there will be further simplification of the visa regime between our countries and work permit procedures for facilitating easy movement of professionals, business persons and tourists.”
Shri Sharma visited Siemens Technical Academy and discussed the possibilities of Siemens providing skill development services particularly in the field of manufacturing. Only 20% of our workforce undergo skill training as against 75% in Germany and this brings out sharp differences in potential and prospects. “We have launched the National Skill Development Initiative which aims to enhance training opportunities of new entrants to the work force for 10 million per year, and  to augment vocational educational capacities by five times from the current three million to 15 million. This will involve a massive effort in establishment of hundreds of new industrial training institutes, poly-techniques, vocational educational centres and 50,000 skilled developmentcentrres across the rural hinterland involving investments of nearly US$ 5 billion…. Germany has long traditions of strong linkages between industry, academia and skill institutions.  In the coming years, skill development partnership will perhaps constitute the corner stone of Indo-German collaborations” added Shri Sharma.
Shri Sharma also met Mr. Klaus Wowereit, Governing Mayor of Berlin and explored the possibility of collaboration in town planning with the city of Berlin specially with regard to proposed smart cities under National Manufacturing Policy and Delhi Mumbai Industrial Corridor.
The bilateral trade between India and Germany has more than doubled over the last 5 years to reach nearly US$ 23.64 billion last year. After a bilateral meeting with Dr. Philipp Roessler, German Federal Minister of Economics & Technology of Germany in Berlin yesterday, Shri Sharma expressed confidence that the trade target of Euro 20 Billion by 2012 will be surpassed.

Source : Press Information Bureau
Labels:

Comments

Post a Comment

Popular posts from this blog

Folk Dances of India

By
India is a land of diverse cultures and traditions. Each region of the country has a unique culture, which is also prominently visible in its various art forms. Almost all the regions of the country have their specific folk music and dance, which proves to be a wonderful way of expression of their community and its traditions. Though these folk dances are not as complex as the classical dance forms, they are very beautiful, because of the essence of rawness in them. Be it the Bihu of Assam, Dol-Cholom of Manipur, Hikal of Himachal Pradesh or Chhau of Bihar, each of the Indian folk dance forms comes across as a reflection of the deep sited beliefs and traditions of a particular culture. The folk dances of any community are performed on almost every special occasion and festival, to express elation and joy. These dances are also considered to be auspicious by many of the tribal communities in the country. Many folk dances are dedicated to the presiding deity of the specific commu...
1 comment
Read more

India 2012 - A must buy

By
INDIA- 2012 by Publication Division A book that is mandatory to have...!!!! Much awaited book of the year India-2012 was finally out on february 27,2012.It covers all important areas regarding this country such as science and technology,defence,agriculture etc... As it is published by govt of India(ministry of Information and broadcasting,department of publication division)the information in this book is more genuine that any other book. for the people who are preparing for competitive exams(especially for UPSC exams)this book will be very useful.It is more better than having any other gk book.so friends order your copy and start reading... Book Summary of India 2012 India 2012 Reference Annual gives a comprehensive view of country's progress in the field of rural and urban development, industry and infrastructure, science and technology, art and culture, economy, health, defence, education and mass communication. The Reference Annual incorporates sections on gene...
5 comments
Read more

DBT’s Revolutionary Finding for Public Health: Zinc Significantly Lowers Risk of Treatment Failure in Young Children with Serious Infections

By
The Secretary of Department of Biotechnology, Government of India today claimed to have made a significant stride in the field of improving public health with biotech researches. Speaking to Press he said that a revelation of a recent study by DBT will help in saving the new born children provided its outcome is put into proper application. He said treating young children with suspected serious bacterial infection with zinc in addition to standard antibiotics significantly reduces the likelihood of treatment failure (measured as the need for secondary antibiotic treatment within 7 days, need for intensive care, or death within 21 days), according to new research published  Online First  in The Lancet. In 2010, worldwide, infections were responsible for nearly two-thirds of deaths in children under 5, with around two-fifths of deaths occurring within the first month of life. Of the 1 million neonatal deaths that occur in India every year, more than a quarter are attributed ...
2 comments
Read more