The Consulate General of India, The Hamburg Chamber of Commerce and the Mahatma Gandhi Memorial Committee, Hamburg, are jointly organizing the Celebration of the International Day of Non-violence and the 142nd Birth Anniversary of Mahatma Gandhi on Sunday, the 2nd October 2011 in the premises of the Hamburg Chamber of Commerce.
For all further enquiries please contact: mkmahatmagandhi@gmail.com
Laut einem Bericht in der heutigen Ausgabe der Financial Times Deutschland (FTD, 22.09.2011) hat der Hamburger Windturbinenhersteller REpower „den Kampf um den riesigen chinesischen Markt verloren“. Der Berichtet zitiert Konzernchef Andreas Nauen mit den Worten: „Der chinesische Markt ist geprägt von einem ruinösen Preiskampf, und unsere Verkaufsmerkmale wie Qualität und Service zählen nicht“. REpower soll nach FTD-Informationen „den Verkauf in Schwellenländern weitgehend seiner Mutter Suzlon überlassen“, z.B. weil „die Inder bei dem Preiskampf besser mithalten [können] als der Premiumanbieter Repower“, so der Bericht.
REpower wird zu 100%er Tochter von Suzlon
Die FTD berichtet weiter, Suzlon habe sich auf der Hauptversammlung die Komplettübernahme Repowers genehmigen lassen. Zurzeit hält Suzlon etwas „mehr als 95 Prozent der Anteile, die verbliebenen Kleinaktionäre drängt er nun in einem sogenannten Squeeze-out aus dem Konzern. […] Um Produktionskosten zu senken, soll REpower künftig [.] Suzlon-Standorte in Indien nutzen,“ so der Bericht.
By: Rajnish Tiwari
According to a recent report appearing the Hindu Busines Line (6th Sept. 2011) Mauritius has emerged as the top desitination for Indian foregin direct investments. The official data suggest that Indian FDI outflows to Germany have gone down by as much two-thirds…
„Mauritius has again emerged as the hot destination for Indian corporates investing abroad. The US and Singapore seem to be loosing their attraction.
„The Finance Minister Mr Pranab Mukherjee, in a written reply in the Rajya Sabha on Tuesday, said that Mauritius, the US and Singapore have regained the top three places in attracting Indian capital but with one difference. Mauritius has registered very healthy growth, but investment in the US and Singapore has come down in comparison to the previous year. United Arab Emirates (UAE) has also registered positive growth, but investment in the Netherlands has come down to half while to Germany it is down to nearly one third.“ […]
(Read the complete report on the Hindu Business Line)
It must, however, be noted that a significant portion of outward FDI projects of Indian firms takes place by roping in subsidiaries already located aborad so that those investments are not necessarily captured by official data. Moreover, it is not improbable that a significant portion of the FDI to Mauritius is actually routed further to other countires in order to take advantage of favourable taxtaion treaties. Nevertheless, we cannot deny that Indian investments to Germany have, in recent past, neither kept pace with the overall development of Indian outward FDI nor with the growth level of the Indo-German bilateral trade relations. Nonetheless, the investment activity has remained encouraging, the offical figures not withstanding.
On the issue of recent developments and challenges in Indian outward FDI to Germany also see:
Tiwari, R. (2011): Investment Destination Germany: Chances & Challenges for Indian Firms, in: Business Guide Germany India 2011/2012, pp. 96-97, Berlin: Wegweiser.
Source: Company press release, dated 13.09.2011
Hamburg, 13 September 2011. REpower Systems SE (WKN 617703) is realigning its German production sites for wind turbines. Today, Tuesday, 13 September, the company is holding the topping-out ceremony for the expansion of nacelle and hub production in Bremerhaven. Starting in 2012/13 financial year, it will be possible there to assemble wind turbines each year with an output of 900 megawatts (MW). Up to now, the annual production capacity was 600 MW.
At the same time, the assembly hall at the Trampe/Eberswalde (Brandenburg) location is being converted to enable production of REpower’s 3.XM three-megawatt series in four assembly areas in future. The company is investing a total of some EUR 10 million in expanding the two production locations.“REpower leads the way for multi-megawatt offshore turbines and our 3.XM series, which was launched in 2008, is also in great demand on the market”, commented Gregor Gnädig, Chief Operating Officer (COO) of REpower Systems SE. “We have to re-position our three German plants and expand capacities in good time. The European offshore business will also increase significantly over the next few years”.
At present, REpower only assembles MM-type turbines with 2-megawatt nominal power at Trampe. To convert to the new platform, the electrical test facilities in particular have to be adapted. “The capacities for producing the international ‘REpower bestseller’, the MM series, are to be relocated to Husum and the locations in Portugal and Padubidri”, explained Gnädig.
The first 3.XM nacelles and hubs will be produced in Trampe by the end of the year.
Editor’s note: REpower Systems is a subsidiary of India’s Suzlon Energy Ltd.
12.09.2011. Media reports suggest that Suzuki has decided to dissolve its partnership with German carmaker Volkswagen (VW). There was apparently discontentment because of Suzuki’s decision to source diesel motors from Fiat. The partnership was especially interesting as it was meant to enable VW a strategic leverage for its India operations. Suzuki’s Indian subsidiary Maruti Suzuki is a dominant automobile player in India especially in the segment of small cars.
See:
For some news reports in German media click here.