Archiv für den Monat Februar 2012

Nächster GIRT-Termin in Hamburg: 19. März 2012

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Sehr geehrte Damen und Herren,
liebe Freunde des German-Indian Round Table (GIRT) Hamburg,

hiermit lade ich Sie recht herzlich zum nächsten Treffen des GIRT Hamburg am 19.3. ein. Diesmal haben wir die Freude, den Vorstand der Hamburger Stiftung Asien-Brücke, Herrn Helge Adolphsen, Frau Dr. Mirjam Freytag und Herrn Karl Fasbender, bei uns als Referenten begrüßen zu dürfen.

Die Hamburger Stiftung Asien-Brücke wurde 2006 vom Senat und der Bürgerschaft der Freien und Hansestadt Hamburg  ins Leben gerufen. Sie hat bisher 33 Projekte mit Hamburg-Bezug in Asien unterstützt. Ein Schwerpunkt ist die Verhinderung von missbräuchlicher Kinderarbeit. Dazu hat sie einen „Runden Tisch“ mit großen Hamburger Unternehmen und Organisationen aus der Zivilgesellschaft gegründet. Ziel: Schulbildungs- und Ausbildungsprojekte in Indien zu fördern. Weitere Mitmachende aus dem Mittelstand (KMU) können sich beteiligen.

Darüber hinaus gibt es natürlich wieder Neuigkeiten aus der deutsch-indischen Szene und genug Zeit, um sich auszutauschen.

Der GIRT-Stammtisch findet – wie üblich – ab 18:30h im Hotel Baseler Hof (Esplanade 11, 20354  Hamburg) statt. Aus Planungs- und Kapazitätsgründen bitte ich um verbindliche Anmeldungen bis zum 14. März 2012. Ich freue mich auf Ihr reges Interesse und ein Wiedersehen.

Beste Grüße
Rajnish Tiwari

„Indo German Etiquette: Explicitness of communication in Germany“

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Source: http://www.indiadayshannover.com/?page_id=177

The advice of the week 7 / 2012

Explicitness of communication in Germany

With intensifying Indo-German economic relations there is an increasing number of Indian visitors to Germany and while there is considerable literature preparing Germans to visit India, there is some lack of socio-cultural information to prepare Indian professionals visiting Germany.

Rajnish Tiwari GIRT Hamburg

One of the foremost important things, apart from punctuality of time, which I would recommend to take into account while visiting Germany, is to make use of explicit communication as far as possible. For example, in India it is sometimes considered superficial to say by words “thank you” and “sorry” for small things. The reason is mostly not arrogance. Rather, many Indians believe that emotions such as gratefulness are best conveyed by one’s gestures and not by mere words. On the other hand, in a society like Germany, where people are traditionally used to explicit communication, saying “thank you” and “sorry” is considered polite and even necessary as unequivocal recognition of the other person’s efforts or the (inadvertent) trouble caused to him.

Explicit communication is also useful in culinary matters as your German hosts would generally assume that your “no” to more food is really meant as a “no” and would refrain from what they think would be unwarranted insistence. In short, don’t be overformal and convey your feelings, wherever feasible, in a direct manner.

The Hindu Business Line recommends reading „GIRT“ article

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In an article titled „The horizon vocabulary“ journalist D. Murali of The Hindu Business Line, a renowned newspaper from India, recommends reading an article („Investment Destination Germany: Chances & Challenges for Indian Firms„) written by Rajnish Tiwari, Head of German-Indian Round Table in Hamburg:

Investment opportunities in Germany

In a significant contrast to their Chinese counterparts, Indian firms have so far tended to prefer developed Western countries for their investments, notes Rajnish Tiwari, Head of the German-Indian Round Table (GIRT) in Hamburg. Germany, along with the US and the UK, has emerged as a primary target for Indian FDI, he adds, in Investment destination Germany: Chances & challenges for Indian firms (www.ssrn.com). “With its established technological prowess, high-quality infrastructure and reliable institutional set-up, Germany is regarded as an excellent investment target by many Indian firms in their pursuit of newest technologies and commercially viable cutting-edge innovations,” Tiwari reasons.

The paper concedes that, since many Indian companies prefer to channelise their FDI projects to Germany through their existing domestic subsidiaries or through their daughter concerns in other European countries, the official data fail to capture the true extent of Indian engagement in Germany.

Tiwari urges Indian firms, therefore, to take advantage of Germany’s excellent physical infrastructure and technological know-how, including in the eastern part, while combining it with their own strengths in production, marketing, low-cost engineering, and business model innovations. Provides pointers that you may like to explore in detail.

Source: The Hindu Business Line, 11.02.2012

Direct link to the paper in question:
http://www.global-innovation.net/team/tiwari/PDF/Tiwari_BusinessGuide_2011.pdf

Book Review: The Rise of Indian Multinationals: Perspective of Indian Outward Foreign Direct Investment

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In its publication „Reserve Bank of India Occasional Papers“ (Vol. 32. No. 1, Summer 2011) India’s central bank has published a review of the book „The Rise of Indian multinationals: Perspective of Indian Outward Foreign Direct Investment“, edited by Karl P. Sauvant and Jaya Prakash Pradhan with Ayesha Chatterjee and Brian Harley (Palgrave MacMillan: New York), 2010; pp 284, £90.

The review also includes a chapter on Indian investments in Germany. The reviewer Arvind K. Jha (Assistant Adviser, Department of Economic and Policy Research, Reserve Bank of India, Mumbai) writes:

„Chapter 8 on ‘The Emergence of Indian Multinationals: An Empirical Study of Motives, Current Status, and Trends of Indian Investment in Germany’, by Rajnish Tiwari and Cornelius Herstatt, presents the results of a empirical survey conducted among Indian subsidiaries operating in Germany. Survey brings out the fact that the majority of Indian companies investing in Germany are from service sectors like software and IT industry (more than half of Indian companies), pharmaceuticals and the automotive industry. Important factors behind the Indian OFDI to Germany are long tradition of economic relations between these two countries, proximity to their customers and suppliers, large access to German market and availability of skilled labour. Another interesting finding of this survey study is that Indian MNEs are net job creators in the Germany. The study also finds that Indian subsidiaries have generally performed well and look forward to strengthen their operational presence in Germany, including research and development activities. However, the survey also highlights the challenges, including cross-cultural issues, being faced by Indian MNEs in Germany.“

Source: Reserve Bank of India
http://www.rbi.org.in/scripts/bs_viewcontent.aspx?Id=2490

„India’s Per Capita Income touches Rs 54,835 for 2010-11“

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The Ministry for Statistics and Programme Implementation has released the latest Per Capita Income figures at the national level. India’s per capita income which was Rs. 24,143 in the year 2004-05, currently stands at Rs. 54,835 (US$ 1218 Approx) in the year 2010-11. This represents an increase of more than 120%.

Source: http://indiamicrofinance.com/india-per-capita-income-gdp.html, accessed: 09.02.2012