Schlagwort-Archive: Germany

Indo-German Trade Continues its Dream Run in 2011

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The bilateral trade volume in calendar year 2011 is estimated to have stood at €18.4 billion, up from €15.5 billion in 2010, thereby registering a staggering growth of 18.7%. The growth in bilateral exports and imports outperformed the overall growth in Germany’s trade with the rest of the world. While Germany’s exports to India grew by 17.1% on yearly basis and stood at €10.87 billion, the imports grew by 20.2% reaching €7.5 billion.

Read the complete report titled „Indo-German Trade Continues its Dream Run in 2011: Bilateral business defies financial crisis and economic slowdown„.

„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

DESY cooperates with Indian research centre

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Agreement opens up top-class light sources to the Indian science community

Today (21.12.2011), in the Hamburg City Hall, an agreement was signed in the presence of Hamburg’s Science Senator and Second Mayor Dr. Dorothee Stapelfeldt that defines Indian participation at the X-ray sources PETRA III and FLASH. With this, the contracting partners DESY and Saha Institute of Nuclear Physics (SINP, India) concretise a general cooperation agreement which was concluded in May this year during the visit of Chancellor Angela Merkel to India. For five years, more than 3500 hours of measuring time at DESY research facilities will be made available to Indian scientists for their own and for joint research projects with DESY. In return, India contributes with a total of 14 million euros to the construction of the PETRA III extension at DESY, the world’s most brilliant synchrotron radiation source.

Professor Helmut Dosch, Chairman of the DESY Board of Directors: “This is a classical win-win situation. Large-scale research always was a forerunner of international cooperation, and at our top-class light sources, we bring together extremely talented and dedicated scientists from India and Germany.” Professor Helmut Dosch, Chairman of the DESY Board of Directors: “This is a classical win-win situation. Large-scale research always was a forerunner of international cooperation, and at our top-class light sources, we bring together extremely talented and dedicated scientists from India and Germany.”

DESY’s modern synchrotron radiation source PETRA III and the world’s first free-electron laser for soft X-ray light FLASH offer unique research possibilities and a great potential for innovative scientific experiments. Therefore, they are extremely attractive for the well-developed and highly qualified science community of India. PETRA III, which took up regular user operation in 2011, currently provides 14 beamlines of highly-intensive X-ray light for research. From 2013 to 2014, the facility will be extended with two additional experimental halls, hosting another ten beamlines in total.

India is planning to build an own synchrotron radiation source of the third generation for high-energy photons; thus, the country is very much interested in training young scientists at the DESY experimental facilities.

Dr. Dorothee Stapelfeldt, Second Mayor and Senator for Science and Research: “I am very glad that the cooperation agreement between DESY in Hamburg and Saha Institute of Nuclear Physics (SINP) in Kolkatais now successfully concluded. Already for several years, Indian scientists and DESY have been working together. The next important step is to further intensify this cooperation and to offer Indian scientists the possibility to participate in nano and materials science experiments. Particularly nanotechnology will be one of the key technologies of the 21th century. Nanotechnology has the potential to find important technological solutions for the major social challenges of our times, for example in the field of energy supply and climate protection. I am sure that this agreement is advantageous for both parties and will offer many new insights.”

Furthermore, DESY and SINP are discussing whether there are possibilities for additional cooperation in the field of particle physics and accelerators’ instrumentation.

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Source: DESY press release dated 21.12.2011