September 11th – 13th, Hamburg, Germany
After consulting the General Consulate of India in Hamburg Germany and other local stakeholders, the Renewable Energy Hamburg Cluster Agency prepared the three day “India Hamburg Smart Cities und Renewable Energy Convention” in connection with the India Week Hamburg 2013 for you.
Invitation to an upcoming event:
The “Hidden Champions” and the India Challenge:
Market Entry and Cultivation Strategies for German “Mittelstand”
India has emerged as an important powerhouse of economic growth with global ramifications. An emerging and aspiring middle class, remarkable technological capabilities, integration in the global governance structures, and a supportive demographic structure coupled with the enormous need for modernization and upgrading of the country’s physical infrastructure provide an unparalleled avenue of economic growth for many coming decades. The “hidden champions” consisting of the renowned German “Mittelstand” (small and mid-sized firms) can participate in this growth story and help shape the Indian dream for “inclusive growth”. However, the long-term opportunities of engaging India seem too daunting for many a “hidden champion” owing to both real and perceived challenges in overcoming bureaucratic and market hurdles. At the same time, German firms would be ill-advised to ignore this market and leave the growth to their rivals from other (emerging market) multinationals.
Guest contribution by Rajnish Tiwari in GIZ’s Fit for Partnership with Germany – Journal (Issue 1/2013, pp. 18-19): Indo-German cooperation forums enable broader market entry and an ideal win-win situation for German medium-sized businesses and Indian consumers.
Public Events at Universität Hamburg: „India’s Emergence as a Global Hub for Frugal Innovations“ (29 April 2013, 18:15 – 19:45, Hörsaal H, Hauptgebäude, Edmund-Siemers-Allee 1 / Dr. Rajnish Tiwari, Institute of Technology & Innovation Management, Technical University Hamburg-Harburg
See: http://www.uni-hamburg.de/campuslife/events_e.html
For more information on the lecture series „Economic Developments in South Asia“, see: http://www.aww.uni-hamburg.de/EconomicDevelopmentsSouthAsia.html
Or, see PDF file: UniHH_Lectures_SoSe2013
According to a report by Federal Statistical Office (FSO), Germany’s trade with the BRIC countries (Brazil, Russia, India and China) has grown 7-folds within past 15 years (between 1996-2011). In comparison the trade volume as a whole grew only 2.5 folds.
Trade with India also registered significant growth. While German exports to India rose from € 2.4 billion in 1996 to € 10.9 billion in 2011, Indian exports to Germany rose from €2.0 billion to € 7.5 billion in the same period.
Detailed information in German are available in press release issued by FSO on 29.08.2012.
An English version without detailed information on the matter (but contact details for further enquiries and methodological description) is also available at FSO website.