Visit of high level CEOs Delegation to Frankfurt - Make in India

Visit of high level CEOs Delegation to Frankfurt - Make in India

Consulate General of India,

Press Release

German investors warm up to the “Make in India” vision

This sentiment was reflected during the Seminar on “Doing business with India: a CEO Perspective” which was organized by Consulate General of India, Frankfurt in association with FICCI on 13th November, 2014 at Hotel Villa Kennedy in Frankfurt, which saw a participation from the Federation of Indian Chambers of Commerce & Industry (FICCI) CEOs delegation led by its President Mr. Sidharth Birla.

The seminar opened with the remarks by Consul General Mr. Raveesh Kumar who briefed the audience about the investment opportunities available in India post the initiatives taken by the new Government. Consul General also shared his experience with the German companies about their typical approach for investment requirement in India. Mr. Sidharth Birla, President, FICCI in his keynote address talked about the opportunities available for the German firms from Indian industries’ perspective. The programme was further followed by the presentations by Dr. Klaus Hilleke, CEO, Simon Kucher & Partner on “Strategic lesson from Germany’s Hidden Champions” and Mr. Talleen Kumar, CEO & MD, DMICDC on Delhi-Mumbai industrial corridor. Mr. Talleen Kumar in his presentation gave an account of the performance of the new Government on economic front which inter alia included new liberalized investment policies as well as measures to make foreign investment friendly environment in India. Mr. Talleen Kumar also gave an overview of the huge opportunities available for the German investors in industrial corridors in India.

The meeting was attended by around 60 German companies at CEO/senior level. During their interaction with the Indian business delegation, German firms showed enthusiasm towards policy initiatives taken by the new Government for economic reforms, namely, in the areas of liberalization of labour laws, land acquisition, taxation. The business sentiment of the German investors seems positive towards these policy initiatives and German firms are showing keenness to revisit their future investment plans in India. Taking its business sentiments forward, German electronic industry is planning to take a delegation to India early next year to work out details of future investment by German electronics companies in India.

The representatives from the Government of State of Hesse also met the Indian delegation and showed keen interest in investing in India, particularly in Delhi Mumbai Industrial Corridor. State of Hesse is understood to have been preparing for taking a business delegation to India next year to further its business cooperation with India.