The Indo-German Investment and Economic Summit on the latest legal developments and financial conditions in 2012
India is among the fastest growing economies and the most promising investment destinations in the world. Its economy is expected to grow steadily in 2012 after maintaining a growth rate of over 8% in 2011. Germany is India’s largest trading partner within the EU, and the 5th biggest trading partner in the world. The bilateral trade increased by around 20% reaching €15.18 billion during the period Jan-Oct 2011.Expecting this success to continue the ambitious goal of Chancellor Angela Merkel and Prime Minister Manmohan Singh to reach the “EUR 20 billion”- mark for the year 2012 seems achievable. More and more German companies especially SMEs have invested and settled down their business in India. Sectors such as mechanical engineering, chemicals, automobiles, trading and electric equipment are the main sectors for German investment. Cooperation in the field of Information Technology, biotechnology, auto components, renewable energy, education and vocational training and the entertainment industry is increasing and showing promising results.
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