India as an attractive investment proposition is still a work-in-progress, Gopalan, Indo-German Chamber of Commerce
By Sheela Mamidenna The Indo-German relationship dates to several millennia. Economists have used the phrase, longue duree to describe the ties between the two. In FY2017, the Indo-German bilateral trade was over $18.79 billion. In fact, Germany is India 7th largest exports destination and India is Germany’s 24th largest exports market. Concurringly, in May 2017, Prime Minister Modi during his speech at the Indo-German Business Summit in Berlin said, “There is tremendous potential in India-Germany economic collaboration. Our economic partnership is still below its full potential. To enhance this, we, in India, are ready with open arms to welcome German companies. With a view to helping the German companies, we have put in place a fast-track mechanism. Several issues have already been ...
New defence procurement policy to be launched soon
Source: Deepak Kumar The government on Monday announced that it will soon launch a new defence procurement policy in order to give a boost to the Prime Minister Narendra Modi-led “Make in India” initiative. “A lot has happened in the last one year. Some major decisions have been taken, especially in the defence sector. I think we will have a new defence procurement policy coming up soon,” said Amitabh Kant, Secretary of the Department of Industrial Policy & Promotion (DIPP). Speaking at the “Indo-German Business Roundtable” conference on Monday, Kant urged the German business delegation to increase investments in India and said the government was ready to relook the FDI rule and it could enhance FDI to 100% from 49% in cases of ...
