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Home arrow News arrow Business News arrow 'Enormous potential in Indo-German partnership' Ajay Shankar, Secretary (DIPP)
'Enormous potential in Indo-German partnership' Ajay Shankar, Secretary (DIPP) Print E-mail
Written by Vijay   
Thursday, 20 November 2008

CII meet explores advantages of ties with Cologne City

New Delhi: “Indian entrepreneurs have very large scope of business in Germany, which is one of the greatest manufacturing nations in the world,” said Mr Ajay Shankar, Secretary (DIPP), Ministry of Commerce and Industry, adding that “we are now beginning to discover the enormous potential in partnership between two great countries – Germany and India.”

He was speaking at the Business Meeting with Mr Fritz Schramma, Mayor of the City of Cologne, Germany, organised by the Confederation of Indian Industry (CII) in New Delhi on Tuesday.

Mr. Ajay Shankar, emphasising on the importance of good relations with Germany, said, “A new India has emerged in the last 10-15 years. Our youngsters and entrepreneurs are innovative and dynamic. They can find a perfect match in the great German tradition of quality and excellence in all the fields, including science and technology.”

Mr Fritz Schramma, Mayor of the City of Cologne, Germany, who has come to India with a large business delegation from the city of Cologne, said, “We have planned for ‘Indian Cultural Week’ in Cologne next year. As such Cologne, being one of the biggest business hubs in Europe, has many advantages as business or industrial location for Indian entrepreneurs and businessmen.”

Introducing the city of Cologne to the participants, he said, “Cologne is a city of all seasons. It is also of city of great events. Its biggest advantage lies in its geographical location as Cologne is at the very heart of the European pentagon, five major cities of Europe, and almost equidistant from all of them at no more than an hour journey.”

Providing the vital stats of the city of Cologne, Mr Schramma said, “Cologne has about 3.1 million population, with GDP at a whopping 100 billion Euro and over 1.1 million job avenues.”

In his introductory remarks, Mr Christian-Matthias Schlaga, Minister and Deputy Head of Mission, Embassy of the Federal Republic of Germany, said, “I am looking forward to having a closer and more meaningful relation between two great historical cities – Cologne and New Delhi and hope that it would be vibrant and ever growing.”

“Besides its closeness to Europe’s capital and its other big cities, the market size and economic strength of Cologne makes it one of the most attractive cities in Europe to do business with,” said Dr Norbert Walter-Borjans, Director, Department for Economic Development, City of Cologne.

“Cologne is the top spot for high speed logistics and has modern infrastructure, including one of the best airports and waterways in the world. This provides good scope for Indian businessmen and entrepreneurs, including an opportunity for sharing ‘made in Germany’ image,” he added.

Mr Kiran Malhotra, Managing Director, Alliance Ltd and President, Indo-German Business Forum, pointed out that “despite all the recent economic and financial problems worldwide, India has enough momentum and fundamental micro-economic strength to share a thriving business relation with Germany.”

Mr Vishal Gupta, General Manager, Head Europe, Mindtree Ltd, reiterated the advantage of location that Cologne possesses. “To be in Cologne means to be right there amidst or close to all the important business centers of Europe.”  He also mentioned that Cologne as a city was willing to provide work visas for companies setting up shop in that region within a few weeks compared to 12-14 weeks practiced in other countries in Europe.

Earlier, welcoming the participants and delegates from Germany, Mr V K Mathur, Chairman and Managing Director, Inapex Pvt Ltd, said, “Germany ranks seventh on the list of the countries investing in India. The business opportunity in the long term is immense, especially in the sectors like aviation and automobile in which German expertise is great.”

Last Updated ( Tuesday, 29 November 2011 )
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