It’s strengthening ties with Russia, offering up a peace plan for Ukraine and pushing the message that governments can be “democracies” even if they deny their citizens the right to vote freely for their leaders. Even long-time holdout Germany, the European Union’s biggest economy and a heavy investor in China, is starting to question its business-first ethos.Ĭhina is fighting back. With urgency like never before, they are restricting exports of chip-making equipment to China, banning TikTok on government devices and pushing protectionist trade policy. Especially when it comes to the framework and the conditions for R&D, Germany scores high marks, which underlines the country’s high competitiveness with regards to future technologies.Since Russia’s full-scale invasion of Ukraine, the Europeans are starting to pay more attention to Biden’s message about the dangers of dependence on dictatorships. Foreign investors and entrepreneurs see Germany as a prime location in terms of infrastructure, logistics, research and development as well as design. More than 10,000 foreign companies operate in Germany, with more than 2 million employees and an annual turnover of more than 750 billion Euros. It is also the third largest exporter in the world and its exports account for more than one-third of national output. Germany is the largest national economy in Europe and the fourth-largest by nominal GDP in the world. Germany lies at the center of Europe and offers not only excellent access to a prosperous market of over 80 million inhabitants but also to the Common Market of the European Union with 28 member states and more than 500 million people. Today, there are more than 200 Indian companies operating in Germany. Indian corporate entities have invested over EUR 6.5 billion in Germany, especially in sectors of IT, automotive, pharma and biotech. Vice versa, Indian investments in Germany have remarkably increased over the last few years. Various programs have been set up in order to facilitate the realization of business opportunities in India such as the Fast-Track-System for German companies or the Make-in-India Mittelstand-Program.Ĭlose The Volkswagen plant in Pune, western India © picture alliance There are more than 1600 Indo-German collaborations and over 600 Indo-German Joint Ventures in operation. Germany's total foreign direct investment in India from 2000 until 2016 amounted to approx. Germany is the 7th largest foreign direct investor in India since January 2000. Bilateral trade between Germany and India in 2016 was valued at more than EUR 17.4 billion. Germany is India's largest trading partner in Europe and among India's top ten global trade partners. Today, more than 1700 German companies are active in India, providing around 400.000 direct and indirect jobs. Thereby, India as one of the fastest growing economies in the world offers various opportunities for German companies. In recent times the success story continues as both countries extend their business relationship. Close PM Modi and Chancellor Merkel in Hannover © dpa / picture alliance
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