Germany lauds Make in India Mittelstand initiative

Wednesday 29th March 2017 06:44 EDT

BERLIN: The German government has praised the Indian Embassy's Make in India Mittelstand (MIIM) programme as an extraordinary initiative towards the overall Indo-German business relations. Uwe Beckmeyer, Parliamentary State secretary, Federal Ministry of Economic Cooperation and Energy, spoke at the 3rd Make in India Mittelstand Exchange Platform, applauding MIIM's success in facilitating investment from German SMEs into India.

Currently facilitating 72 German SMEs in their market entry into India, the MIIM program has so far mobilised a declared investment of about Euro 650 million and creating about 4,000 employment opportunities in India. The program is being run with support of Department of Industrial Policy & Promotion (DIPP) and other Central and State agencies. Beckmeyer said that such initiatives speak of the Indian government's continued efforts towards creating a business friendly environment for German companies in India.

Ambassador of India to Germany, Gurjit Singh addressed the gathering, highlighting the huge opportunities the country offers to German companies. He called upon the German industry to take up consortium-based approach to fully participate and take advantage of the huge opportunities in several key sector of Indian economy like Railways, Infrastructure, Smart Cities, Civil Aviation, Port Development, etc.

Embassy of India also launched the Executive Summary of its Special Report on “New Frontiers for Indo-German Partnership in Clean and Green Technology”. The objective of this study is to highlight the areas of synergy in sectors of Energy, (Renewable Energy and Energy Efficiency), Water and Waste Management, present the market landscape and potential in India in the relevant sectors, and promote business collaborations between India and Germany.

German companies already part of the MIIM initiative noted that the Program has provided a unique one stop solution for their business needs and a structured network of Program Partners and service provides under one source which was earlier not present. It has generated a lot of comfort and ease for the German Mittelstand companies intending to localize in India.

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