Developments in foreign direct investments (FDI) in India in the wake of the new government in Delhi is the topic of a panel discussion at law firm Taylor Wessing in Hamburg. The event, co-organized by Taylor Wessing and German-Indian Round Table (GIRT) Hamburg, will take place on November 5, 2015 between 17:30 and 20:00 hours and is a part of the India Week Hamburg 2015.
Between August 2012 and July 2013 Indian firms continued to scale up their investments in Germany. We could observe some significant investment projects in the reporting period. Seeking access to technology and patent portfolios is increasingly driving Indian investments in Germany even as Indian firms try to augment their in-house R&D capabilities in order to compete on innovation. On the flip side, Indian firms often struggle to integrate themselves in the local eco-system and to fully benefit from the national, regional, and sectoral innovation systems in Germany.
Indien hat in den vergangenen Jahren zunehmende Anerkennung als aufstrebende Großmacht erfahren. Zusammen mit Ländern wie China, Brasilien und Südafrika wird Indien immer stärker in internationale Entscheidungsprozesse eingebunden. In wichtigen Fragen des globalen Regierens kann das Land allein schon aufgrund der Größe seiner Bevölkerung nicht mehr ignoriert werden. Auch die indische Außen- und Wirtschaftspolitik ist immer globaler ausgerichtet. Doch inwieweit ist Indien tatsächlich zum Global Player herangewachsen? Inwieweit ist Neu Delhi bereit, in unterschiedlichen Politikbereichen Verantwortung zu übernehmen und mit internationalen Partnern zu kooperieren? Wie sieht Indien die Welt und welche Rolle spielt die indische Wirtschaft in der globalen Positionierung des Landes? Diese und andere Fragen werden WissenschaftlerInnen des GIGA Institut für Asien-Studien und der TU Harburg in der Reihe GIGA Forum analysieren und mit den BesucherInnen diskutieren.
GIGA German Institute of Global and Area Studies
Neuer Jungfernstieg 21
11.09.2013, 18.00 Uhr – 19.30 Uhr
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.
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.
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: