“German businesses see India as stable place to invest…” says Envoy Philipp Ackermann

Updated:2 years, 1 month ago

New Delhi [India], June 28 (ANI): German businesses see India as a very "stable place" to invest, said the country's Ambassador Philipp Ackermann on June 28, while anticipating increased German investment in India after the India-EU Free Trade Agreement resolves tax and tariff "impediments". In an interview with ANI, Ackermann also informed about the possible visit of German Chancellor Olaf Scholz in October this year, during which business relations and trade relations would be on the agenda. Ackerman noted that migration will also be a key item for discussion. Speaking on the sidelines of the release of the German India Business Outlook 2024 survey, Ackerman said, "The survey has given us an impression that German business in India is extremely bullish on India. The surveys found that almost 80% of German businesses want to expand their businesses, want to reinvest, build up more factories, and invest more in India. The German businesses see enormous potential in the Indian market. It sees the very impressive growth rates of India. That makes them very happy. After elections again, they find it a very stable place to invest." Philipp Ackermann termed the long-pending India-EU Free Trade Agreement a "game changer". He mentioned that no specific deadline has been set for signing the Free Trade Agreement, stating that "it will take some time."

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“German businesses see India as stable place to invest…” says Envoy Philipp Ackermann

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