Skip to main content

Germany Expresses Happiness on Indian Investment Climate


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.

Comments

Popular posts from this blog

Union HRD Minister to Release NBT-NCAER Study on Reading Habits of the Literate Youth of North-East India

Youth of North-East India: Demographics and Readership (Highlights) Union Human Resource Development Minister Dr M  M   Pallam   Raju ,  will release a report  Youth of North-East India: Demographics and Readership  in New Delhi tomorrow,  20 th  November, 2012. Ministers of State for HRD,  Sh   Jitin   Prasada  and Dr  Shashi   Tharoor  would also be present on the occasion. This focused Report attempts to give an analytical and detailed account of the reading habits of the literate youth in the north-eastern states and their exposure to different forms of media, and how diverse socio-economic and motivational factors impact their reading habit. The reading of ‘leisure or non-text books’ among the literate youth is the special focus of the study. The Report is a follow-up study of the  National Youth Readership Survey  (2009-10) assigned to National Council of Applied Economic Research (NCAER) by the NBT under the National Action Plan for the Readership Development amon

NIOS to open study centre at Gaghidh central jail

Jamshedpur : In a boost to increase educational opportunities for inmates of the Gaghidih central jail, the prison administration has joined hands with National Institute of Open Schooling (NIOS). The NIOS regional office has agreed to open study centre in the Gaghidih jail next month. To start with, 30 inmates of the jail will pursue matriculation and senior secondary board examinations through NIOS study centres. "Initially, 30 inmates will pursue their academic career through NIOS and the classes shall begin by July," said jail superintendent Tushar Ranjan Gupta. The state government will bear the study expenses of the inmates. The NIOS will charge about Rs 2,000 from each inmate who seeks to appear in any of the two examinations. The institute will conduct biennial examinations In April and October every year. According to sources, out of the 12-odd CPI (Maoist) rebels who are currently lodged in the jail, a few have expressed their desire to pursue studies

Patriotic Songs by Retd. IPS Sheel Madhur