Make in India: German companies look to invest in Indian High-Tech market
German companies are going to invest in Indian High-Tech market, according to a study by Federation of Indian Chambers of Commerce and Industry (FICCI), Embassy of India and Ernst & Young.
The study identified the High-Technology sectors that are suitable for a collaboration between India and Germany. This collaboration will enhance trade and investments between the two countries and will anchor Narendra Modi’s ‘Make in India’ initiative.
Siddharth Birla, Immediate Past President, FICCI and Chairman, Xpro India Limited said, “As a strategy, there was a need to improve India’s share of high tech manufacturing and bring about R&D orientation to take a leap towards achieving a greater level of economic growth.”