German companies are looking to increase their investments in Karnataka.
According to Dr Ingo Karsten, Consul General of the Federal Republic of
Germany, companies such as Siemens, Bosch, Bayer, Airbus, Metro and SAP
are looking to invest in the State across sectors like IT,
manufacturing, aerospace, automotive components and electrical
engineering .
In 2011, Bangalore attracted investments to the tune of $8.6 million and a share of 4.3 per cent, as per Department of Industrial Policy and Promotion, Government of India.
Apart from these investments, German companies plan to invest in sectors like solar energy and urban city planning and development projects. “Since there is large migration into urban cities, German companies are looking to invest in new technologies like pollution control, energy management and related areas to make life in cities liveable,” said Dr Karsten.
The German companies will showcase their wares during the Indo-German Urban Mela, which will be held from June 22 to July 1 in Bangalore.
This, according to industry watchers also provides a boost to the bilateral trade targets set between India and Germany. Commerce and Industry Minister, Mr Anand Sharma, during his visit to Germany last month, had expressed confidence that bilateral trade target between India and Germany would surpass the $26 billion target by the end of this year.
Bilateral trade between the countries has more than doubled over the last 5 years and has reached bout $23.64 billion at the end of 2011. There are 150 German companies active in India and employing 6,000 people in R&D.
Dr Karsten said, with these additional investments, more jobs will be created
In 2011, Bangalore attracted investments to the tune of $8.6 million and a share of 4.3 per cent, as per Department of Industrial Policy and Promotion, Government of India.
Apart from these investments, German companies plan to invest in sectors like solar energy and urban city planning and development projects. “Since there is large migration into urban cities, German companies are looking to invest in new technologies like pollution control, energy management and related areas to make life in cities liveable,” said Dr Karsten.
The German companies will showcase their wares during the Indo-German Urban Mela, which will be held from June 22 to July 1 in Bangalore.
This, according to industry watchers also provides a boost to the bilateral trade targets set between India and Germany. Commerce and Industry Minister, Mr Anand Sharma, during his visit to Germany last month, had expressed confidence that bilateral trade target between India and Germany would surpass the $26 billion target by the end of this year.
Bilateral trade between the countries has more than doubled over the last 5 years and has reached bout $23.64 billion at the end of 2011. There are 150 German companies active in India and employing 6,000 people in R&D.
Dr Karsten said, with these additional investments, more jobs will be created
No comments:
Post a Comment