German Chancellor to visit India in October, ease of doing business and migration top on agenda: envoy
The Hindu
German Chancellor Olaf Scholz to visit India for inter-governmental consultations, focusing on business, migration, and climate change.
German Chancellor Olaf Scholz is scheduled to visit India in the second half of October for inter-governmental consultations during which ease of doing business, migration, geopolitics and climate change will be high on the agenda, German Ambassador to India Philipp Ackermann said on Friday.
In addition, the 18th Asia-Pacific Conference of German Business 2024 (APK 2024) is also scheduled to be held in the national capital from October 24 to 26.
The Indian Navy’s multi-billion deal for six conventional submarines under P-75I in which TKMS of Germany and Navantia of Spain are competing is expected to figure prominently in talks during the visit.
“This is the best moment in history for India and German businesses. German companies have never been more optimistic about India. They want to be part of ‘Make in India’, invest in India and localise and produce in India,” said Stefan Halusa, Director General of the Indo-German Chamber of Commerce (AHK India) India addressing a press conference along with the diplomat.
In this regard, Mr. Halusa listed out top expectations of the German industry, which are further simplification of regulations, reducing corruption and stable legal framework, strengthening infrastructure in both physical and digital, and liberalisation of trade.
The press conference was held to present the key findings of the “German Indian Business Outlook 2024” conducted by KPMG in Germany and AHK India between April 9 and May 20 this year and deals with the business expectations of German companies in India. This is the third such survey that saw the participation of 260 companies of which 85 answered all the questions.
According to a survey of the German industries in India, expectations for the next five years are positive with 82% expecting an increase in turnover and 74% expecting growth and higher profits. The top three positive factors listed by German firms are low labour cost, political stability and availability of highly-qualified personnel, as per the survey.
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