Annual meet in Düsseldorf

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Begin:
21.06.2017
Location:
Düsseldorf, Germany

Promoting strong Indo-German ties (L-R) Bernhard Steinrücke, Director General, IGCC; C.S. Mathur, President, IGCC and Partner, Mohinder Puri & Company; H.E. Mukta Dutta Tomar, Indian Ambassador to Germany; H.E. Dr. Martin Ney, German Ambassador to India; Dirk Wiese, Deputy Minister, Federal Ministry for Economic Affairs and Energy

Traditional Annual Meeting of the IGCC takes place at Düsseldorf

On June 21, 2017, the traditi  onal Annual Meeting of the IGCC took place at Rheinterrasse in Düsseldorf, with C.S. Mathur, President, IGCC, welcoming more than 280 participants.

“Can you as a business, afford to not look at India?” was the question raised by Her Excellency Mukta Dutta Tomar, the new Indian Ambassador to Germany. And taking into account India’s development in high technology sectors such as digitalization, medical and life science technologies, aerospace, namely GSLV, one of the most successful Geosynchronous Satellite Launch Vehicles by ISRO, one is tempted to answer this question with, “No.”

In his welcome address, C.S. Mathur, President, IGCC and Partner, Mohinder Puri & Co., quoted the Reserve Bank of India, pointing to the 186 individual cases of Foreign Direct Investments from Germany, with a volume of USD 512 million, which were registered and another 60 cases of reinvestment, with a volume of USD 1.35 billion, in the years 2015 and 2016.

His Excellency Dr. Martin Ney, German Ambassador to India, encouraged the political leaders to have economic reforms and agreements implemented in India now, as Prime Minister Modi has such a strong mandate.

Dirk Wiese, Deputy Minister, Federal Ministry for Economic Affairs and Energy, emphasized the 283,000 jobs created by the 566 largest German companies in India.

Of course, trade and business can only be facilitated by government bodies, the jobs and revenue are actually created by the industry. Therefore, Bernhard Steinrücke, Director General, IGCC, invited five dedicated industry representatives from the automotive, ICT (Information and Communication Technology) and wholesale sectors, to share their views on the chances and challenges of doing business in India, in a panel discussion.

Bilateral trade between India and Germany is flourishing. Not only have the exports from Germany increased by 19 percent in the first three months 2017, but also the exports from India to Germany have risen by 7 percent. So fasten your seatbelts as the sky is the limit, when it comes to the Indo-German strategic partnership!