Traditionelles Jahrestreffen der Deutsch-Indischen Handelskammer

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15.06.2016 | 11:44
Düsseldorf, Germany



IGCC’s Annual Meet in Germany

IGCC’s Annual Meet in Germany was held on 15th June 2016 in Düsseldorf. Nearly 300 members, friends and associates congregated at the Rheinterrasse Düsseldorf. The programme included speeches by dignitaries followed by a panel discussion. After a welcome note by Hubert Reiland, IGCC President and Managing Director, EFD Induction Private Limited, H. E. Gurjit Singh, Indian Ambassador to Germany as well as H. E. Dr. Martin Ney, German Ambassador to India addressed the audience. Following this, Matthias Machnig, State Secretary, Federal Ministry for Economic Affairs and Energy (BMWi), delivered a speech.

The panel discussion which took place after the coffee break was held under the topic “60 years of successful Indo-German Cooperation”. The eminent panelists included Dr. Roland Busch, Member of the Board, Siemens AG; Arunjai Mittal, Member of the Board, Infineon Technologies AG; Hubert Reilard, Managing Director, EFD Induction Private Limited; Dr. Volker Treier, Deputy Director General, Association of German Chambers of Commerce & Industry (DIHK) and Peter Tyroller, Member of the Board of Management, Robert Bosch GmbH. The session was moderated by Bernhard Steinrücke, Director General, IGCC.
India is outperforming the other BRICS countries with more than 7.5% annual growth rates. Currently 1,700 German companies are doing business in India and the IGCC Business Monitor 2016 shows that German companies in India remain optimistic about the country’s business environment, while maintaining a cautious approach towards growth and investments.
IGCC President Hubert Reilard, who has been living in Bengaluru for more than 20 years understands the rules of business in India and as he stated, his company makes good business in India. Manufacturing for the Indian market includes frugal innovation: Simple tools and machines which are robust, easy to use and repair at reasonable costs. He recommends investing in India also as a buffer for slowdowns in the European market and at times when patience is at its premium, he suggests keeping in mind the Indian mantra, “Shanti, Shanti”!

Ambassador Dr. Martin Ney highlighted the close relationship between the German Embassy and the Indo-German Chamber of Commerce in the last 60 years in order to help German companies do business in India.

Ambassador Gurjit Singh announced that Germany is doing the feasibility study for the Chennai - Bengaluru - Mysuru high-speed railway. Hubert Reilard sees a good potential for German companies to play a positive role in various fields for the creation of 100 Smart Cities in India. State Secretary Machnig promoted openness as the key for future economic development and therefore urged to speed up the Indo-European FTA negotiations. Today the Fast Track Mechanism, which was agreed on during Chancellor Dr. Merkels latest visit to India, is an effective instrument to address existing barriers for German companies directly with the Indian Department of Industrial Policy & Promotion. IGCC is working here very closely with the German and Indian Embassy to mitigate problems in Indo-German economic relations. Ambassador Gurjit Singh presented the brochure ‘INDIA – Scripting Future Histories’ and invited German companies to script Indian history together.
The Panel Discussion, which took place after the speeches, focused on Vocational Educational Training. According to Arunjai Mittal, Member of the Board, Infineon Technologies AG, he has succeeded in keeping the employee fluctuation rate in India at 6-8%, which is very low compared to a general attrition rate of 10-15 %. German SMEs too have effective ways to retain their competent staff, said Hubert Reilard while sharing his experiences. Providing brilliant technical employees with career opportunities, a good working environment and incentives which are comparable to management positions has worked out well for EFD Induction in Bengaluru to reduce attrition rates. Peter Tyroller, Member of the Board, Robert Bosch GmbH, recommends clusters of training in India for SME employees in order to keep costs low. For example, IGCC is running the project VETnet in India to build up a joint Vocational Educational Training programme where German and Indian SMEs are participating. Robert Bosch trains staff worldwide in their own Centers of Competence. Dr. Volker Treier, Deputy Director General, DIHK, emphasized the strategic relevance of Vocational Educational Training. The DIHK is well aware that Germany is a master of VET and has initiated the Federal Ministry of Education and Research funded project VETnet in 11 selected countries, one of them being India. Education and Information Technology are crucial factors for high employee productivity stated Dr. Roland Busch, Member of the board, Siemens AG. All panelists agreed that VET is one of the success factors for MNCs as well as SMEs.

After the panel discussion, Dirk Matter, Director at IGCC in Düsseldorf, was taken by surprise as 15 close business partners and colleagues came on stage to congratulate him on completing his silver anniversary at IGCC. C. S. Mathur, Vice President of the IGCC and Partner at Mohinder Puri & Company, proposed the Vote of Thanks. He thanked the speakers, participants, sponsors and organizers for the successful event and “Fair Play”.

The networking lunch was marked by a lively exchange of ideas and business cards to take the Indo-German Business relations to the next level.