India is currently witnessing a massive exercise by its citizens, the exercise of a very fundamental, democratic right. According to BBC, “It is the biggest voting event in the world: more than 800 million Indians are going to the polls over six weeks to elect a new government.” The results of this almost gigantic exercise and a hotly contested election would be out on 16th of May.
We cordially invite you to our next meeting of German-Indian Round Table in Hamburg on 26th of May (18:30h). By then we would know which party has won the largest number of seats in the Lok Sabha, the Lower House of India’s Parliament, and hopefully also which alliance of parties is likely to form the next government. With some luck, we might also have a preliminary idea of the policy framework for the next legislature period. Irrespective of which coalition rules in Delhi in the post-election period, we hope for, and expect, new impulses for socio-economic growth.
We are pleased to bring to the notice of our readers an upcoming event on 11th April in Hanover:
As part of the Global Business & Markets – International trade platform of Hannover Messe the India meets Europe summit will take place on the 11th April 2014 at the Messegelände Hall 13 Business Forum 2 in Hannover. The summit is organised with the support of partners like Indian Embassy, FICCI, OAV, EEPC India, BIBB, Germany Trade & Invest and others partners from Industry. We aim to bring together decision makers from German and Indian industry, administrations, institutions, think-tanks, academia and associations together to focus on evaluating the economic development and engage all stakeholders to strengthen and explore new initiatives in the area of bilateral trade and investments, infrastructure and energy, research and development, skill development and vocational training, and economic cooperation between the two partners. The Summit will provide an interactive, and thought-provoking platform that will benefit participants in making key decisions with respect to doing business in Germany and India.
In the name of GIRT Hamburg, and also personally, I would like to extend you and your dear ones our very best wishes for a healthy & prosperous New Year 2014.
I would also like to take this opportunity to invite you to our next meeting that takes place on Monday, 20th January 2014. We will have the pleasure of listening to a talk by Dr. Henning Marwege, Managing Director of Camfil Power Systems GmbH in Bremen and Board member of Camfil India. Camfil is internationally working in the fields of air filtration and power plant components with headquarters in Sweden. Dr. Marwege is responsible for the Camfil branch in Bremen and is active in India since 1998.
Dr. Marwege will talk about “Camfil’s Way to India”. The talk covers topics such as mode of entry/operation (licensing, JV or wholly-owned subsidiary). In his own words: “It also describes production models by means of 100% sub-contracting, lease and operate as well as own and operate. Life in India with headache, frustration, patience and plenty of success.” This sounds very exciting and promises a motivating inauguration of the new year.
GIRT Hamburg and Bremen Chamber of Commerce invite to an insightful event on 21st Nov. 2013
Photo courtsey: Ministry of Rural Development, Govt. of India
Latest data suggest that India is again set on a growth track. Away from media limelight India’s hinterland has emerged as a key driver of economic growth. A recent report in the Economic Times (4th October 2013) said, “India Inc’s rural champions have probably never had it so good”. “At a time when the rest of India Inc is either groaning under heavy debt or struggling to sell in a sluggish market,” the report said, “companies with heavy rural focus are literally licking their lips in anticipation of a surge in demand in India’s villages and towns.” The news items also quoted a Deutsche Bank report saying that “years of above-average rainfall have increased rural prosperity and stock markets have responded by pushing up prices of companies with a strong rural presence.”
Hamburg (Oct. 8, 2013). The International Monetary Fund (IMF) released yesterday new World Economic Outlook (WEO), which sees slowdown in economic growth for most major econmies this year. On a positive note it expects the growth to resume an upward trend in the next year. The Executive Summary states:
„Global growth is in low gear, the drivers of activity are changing, and downside risks persist. China and a growing number of emerging market economies are coming off cyclical peaks. Their growth rates are projected to remain much above those of the advanced economies but below the elevated levels seen in recent years, for both cyclical and structural reasons.“