The company will begin manufacturing in Uttar Pradesh in partnership with Iatric Industries. German footwear brand Von Wellx, owned by Casa Everz Gmbh, has decided to relocate its entire production from China to India. The company will begin manufacturing at Agra in Uttar Pradesh in partnership with Iatric Industries Pvt Ltd. The collaboration will enable more than 10,000 direct and indirect job creations. The development comes days after Prime Minister Narendra Modi called for self-reliant India amid COVID-19 pandemic. Ashish [...]
The German city can help resolve some of the challenges faced by India’s developing economy, says the Managing Director of the region’s leading investment promotion agencies. Highlights: The mix of economic potential and a high quality of life makes Hamburg the powerful heart of northern Europe. Several research and innovation parks in Hamburg offer commercial spaces for innovative companies, research facilities and entrepreneurs, providing the ideal breeding ground for upcoming world market leaders. Sectors like aviation, infrastructure, technology, healthcare, maritime [...]
To get to the coveted third place India will have to outpace Germany and Japan; the good news is – it can. At a recent fireside chat with Microsoft CEO Satya Nadella, Reliance Industries (RIL) Chairman and India’s (and Asia’s) richest man, Mukesh Ambani, said India could become the third-largest economy in the world over the next decade and has an opportunity to become a “premier digital society” along the way. How feasible is this? Or should it be dismissed [...]
Given the importance of an EU-India FTA to both sides, it may be time for German Chancellor Angela Merkel to use her political capital to lean on EU bureaucrats to be more flexible, writes India Inc. Founder and CEO Manoj Ladwa. Highlights: Germany, as India’s largest trade partner in the European Union after the UK, has the biggest stake in seeing through a good FTA. German Chancellor Angela Merkel can play a key role in reopening the stalled talks on [...]
Despite the inordinate delay in finalising a free trade agreement with Brussels, the India-Germany are enjoying a robust bilateral trade, diplomatic and strategic relationship.
German Chancellor Angela Merkel shares a well-documented connect with Indian Prime Minister Narendra Modi, expected to further boost Indo-German economic relations at a biennial summit in India in November 2019. Indian Prime Minister Narendra Modi had specifically made time for a brief stopover in Berlin at the request of German Chancellor Angela Merkel during his UK visit last year for the Commonwealth Heads of Government Meeting (CHOGM). In the diplomatic world, such symbolic gestures reflect the depth of relations between [...]
Eric Menges is President & CEO of FrankfurtRheinMain GmbH, the inward investment agency of FrankfurtRheinMain region of Germany. In this interview with ‘India Global Business’, he outlines the scope for investments in the region in the wake of the Brexit vote and why the German hub is a prime location for Indian companies looking to expand in European markets. How is the Brexit vote changing the landscape for Indian investments? Germany’s most dynamic business location, FrankfurtRheinMain, is named after the [...]
Various deals with companies in the US, Germany and Japan reflect India’s attraction across diverse sectors. Hindalco unit to buy Aleris for $2.6bn Hindalco Industries has agreed to acquire US-based Aleris Corporation for an enterprise value of $2.58 billion in a move that will help Hindalco become a global leader in aluminium excluding China. The acquisition will be done through Hindalco’s wholly owned subsidiary, Novelis Inc. The combined entity will have revenue of $21 billion and an employee base of [...]
Acquisitions in the field of software and pharmaceuticals dominated the Indian march across UK and Europe in recent months. Tata Steel completes sale of UK mills The UK’s Liberty House Group has completed the purchase of two pipe mills from Tata Steel UK in north-east England. Liberty, which is part of the GFG Alliance, had signed a provisional agreement to acquire the units at Hartlepool last month and appointed top steel pipe specialist, James Annal, to head the new pipe [...]
An investment in Germany is an investment in a country that strives to create and explore opportunities within even the smallest niches, claims Germany Trade & Invest (GTAI), the economic development agency of the Federal Republic of Germany, in an attempt to woo more Indian investments.