Economic relations between India and Germany are five centuries old — mainly due to their trading history. Today, Germany is India’s most important trading partner in the EU and its sixth important trading partner. It may be recalled that the first telegraph service was between Berlin and Calcutta (now Kolkata).
Many German companies set-up their offices in India between the 16th and the 18th centuries. It is estimated that today, more than 1, 800 German companies are active in India, and employ more than 4 lakh people directly and indirectly. Moreover, Germany is the seventh highest source of FDI for India.
To understand how India can become an even more attractive investment and business destination for Germany investments, The Free Press Journal and NMIMS in association with Invest India organised a webinar series ‘Financing India’. The focus country for the second session of the series was Germany. The panellists for the session were (in alphabetical order) Avinash Bagdi, Head of Finance, Covestro (India); Dr. Jürgen Morhard, Consul General of Germany in Mumbai; Rajesh Nath, Managing Director, VDMA India; and Rahul Oza, Partner & Director, Rödl & Partner India. The session was moderated by R N Bhaskar, consulting editor, Free Press Journal.
Courtesy: FJP
