An investment in Germany is an investment in a country that strives to create and explore opportunities within even the smallest niches, claims Germany Trade & Invest (GTAI), the economic development agency of the Federal Republic of Germany, in an attempt to woo more Indian investments.
Imports from Germany:
| Year |
Imports (US$Mn) |
| 2014-2015 |
12,787.86 |
| 2015-2016 |
12,088.37 |
| 2016-2017 (Apr-Feb) |
10,466.32 |
Source: Ministry of Commerce and Industry, Department of Commerce
| Year |
Exports (US$Mn) |
| 2014-2015 |
7,537.34 |
| 2015-2016 |
7,092.89 |
| 2016-2017 (Apr-Feb) |
6,471.61 |
Overseas Direct Investments (ODI) to Germany:
| Year |
FDI outflows (US$Mn) |
| 2014-15 |
74.62 |
| 2015-16 |
172.72 |
| 2016-17 |
105.54 |
Source: Reserve Bank of India
FDI Inflows from Germany:
| Year |
FDI equity inflows from Germany (US$Mn) |
| 2014-15 |
1,125 |
| 2015-16 |
986 |
| 2016-17 |
9,698 |
Source: Department of Industrial Policy & Promotion
Major Indian Exports to Germany:
- Textiles
- Metal & Metal Products
- Electro Technology
- Leather & Leather Goods
- Food & Beverages
- Machinery
- Pharmaceuticals
- Auto Components
- Chemicals
- Gems & Jewellery
Major Indian Imports from Germany
- Machinery
- Electro Technology
- Metal & Metal Products
- Chemicals
- Auto Components
- Measurement & Control Equipment
- Plastics
- Medical Technology
- Pharmaceuticals
- Paper & Printing Materials
Ministerial visits from Germany to India
- April 2017: Federal Minister for Economic Cooperation and Development Dr Gerd Mueller
- December 2016: Parliamentary State Secretary of Federal Ministry of Economic Affairs & Energy Uwe Beckmeyer with a delegation of German defence companies
- October 2016: Federal Minister of Transport and Digital Infrastructure Alexander Dobrindt
- May 2016: State Secretary of Federal Ministry of Transport & Digital Infrastructure Michael Odenwald visited India
- March 2016: State Secretary of Federal Ministry of Environment Gunther Adler
- February 2016: Beckmeyer attends 'Make in India Week' in Mumbai
- October 2015: Chancellor Angela Merkel for the Inter-Governmental Consultations(IGC) in New Delhi
- May 2017: PM Narendra Modi for the Inter-Governmental Consultations(IGC) in Berlin
- May 2017: J.P. Nadda, Minister of Health & Family Welfare, attends the G20 Health Ministers' Meeting in Berlin
- April 2017: Ravi Shankar Prasad, Minister of Electronics & Information Technology, to attend G20 Digital Ministers' Meeting in Dusseldorf
- February 2017: M.J. Akbar, Minister of State for External Affairs, to attend the G20 Foreign Ministers' Meeting in Bonn
- January 2017: Radha Mohan Singh, Minister of Agriculture and Farmers' Welfare, for the Global Forum for Food and Agriculture (GFFA)
- October 2016: Ananth Kumar, Minister of Chemicals, Fertilisers & Parliamentary Affairs, to inaugurate the India Pavilion at the 'K 2016' in Dusseldorf
- October 2016: Shripad Yesso Naik, Minister of State (IC), AYUSH, to attend the 2nd World Ayurveda Conference
India & Germany ink 12 pacts at Fourth IGC in Berlin:
- Agreement on collaboration between the Ministry of Skill Development and Germany′s BMBF (Federal Ministry of Education and Research). This agreement will facilitate training of Indian skill development officers and cluster managers.
- Agreement between the Ministry of Health and BMG (Federal Ministry of Health) on cooperation in the health sector.
- Agreement between the AYUSH and BMG (Federal Ministry of Health) over cooperation in alternative medicine.
- Joint Declaration of Intent (JDI) between the Ministry of Science and Technology and the BMBF for the establishment of an Indo-German Centre for Sustainability.
- JDI between the Ministry of External Affairs and the German Foreign Office on cooperation on cyber policy.
- JDI between the Ministry of Finance and BMZ (Federal Ministry for Economic Cooperation and Development) on Indo-German Development Cooperation.
- JDI between the Ministry of Commerce and Industry and BMWi (Federal Ministry for Economic Affairs and Energy) over continuation of cooperation in the field of advanced training of corporate and junior executives from India.
- JDI between the Department of Heavy Industries and BMBF on cooperation in vocational education and skill development for machine tools.
- JDI between the Ministry of External Affairs and the German Foreign Office on collaboration between Foreign Service institutes of both countries.
- JDI between the Ministry of Railways and German Ministry of Transport on cooperation in railway safety.
- JDI between the Ministry of Urban Development and German Ministry for Economic Cooperation and Development on cooperation for sustainable urban development.
- JDI on cooperation in the field of digitalisation, empowerment and economic impact between the Ministry of Communications and Information Technology and Germany′s Ministry for Economic Affairs and Energy.
Major Indian Companies in Germany
Year of establishment in Germany: 2004
Bharat Forge entered Germany by acquiring one of Germany′s biggest forging firms, Carl Dan Peddinghaus GmbH (CDP), in January 2004. In 2014, Bharat Forge Aluminumtechnik GmbH & Co KG (BFAT), a subsidiary of Pune-based forgings major Bharat Forge, bagged a multi-year contract valued at around 250 million from a German OEM. The company decided to set up this plant in Saxony at Brand-Erbisdorf at an investment of 31 million.
Tata Consultancy Services
Industry: Information technology
Year of establishment in Germany: 1991
TCS serves more than 80 customers, including 14 DAX-30 companies, helping them adapt to the challenges of the digital economy. Clients comprise top German corporations such as Deutsche Bank, Deutsche Börse, Deutsche Lufthansa, Commerzbank, Infineon, and SAP. TCS is represented in all parts of Germany with 16 sales representatives, 10 sales agencies and four training centres.
In 2004, Hexaware Technologies GmbH unveiled its European Development Centre and German headquarters at Bad Homburg. Hexaware works for large corporations in Germany such as Deutsche Leasing AG, Lufthansa Systems and Citibank. Hexaware is one of the top five Indian vendors in the German market.
Year of establishment in Germany: 2006
Dr Reddy′s operates in Germany through its subsidiary betapharm, a company it acquired in 2006 and considered one of the biggest overseas acquisitions by an Indian pharmaceutical company. Founded in 1993, betapharm Arzneimittel GmbH distributes high-quality generics at affordable prices and is recognised as one of the leading generic companies in Germany.
Year of establishment in Germany: 2001
In 2014, Tech Mahindra signed an agreement with Germany's BASF Business Services Holding GmbH to buy its subsidiary BASF Business Services Consult GmbH for an undisclosed amount, in line with its strategy to strengthen its footprint in Europe. Before acquiring BASF, Tech Mahindra already had a presence in Germany across three centres employing more than 100 people. The company announced the inauguration of its third near-shore delivery center in Düsseldorf, Germany, in 2014.
In 2001, Wipro set up an office in Frankfurt to expand its operation in Germany. Before setting up its office, Wipro was already delivering IT and product design services to some leading German telecom, banking and technology companies. The Bengaluru-headquartered firm has IT development centers in Munich, Meerbusch, Nuremberg and sales offices in Frankfurt, Munich, Cologne and Meerbusch. Wipro has an on-shore datacentre capability in Meerbusch that offers a broad range of IT infrastructure management services.
- Germany is India′s largest trading partner in Europe.
- Germany has consistently been among India′s top 10 global trade partners.
- India was ranked 24th in Germany′s global trade during 2016.
- Bilateral trade in 2016 was valued at $17.42 billion.
- Germany is the 7th largest foreign direct investor in India since January 2000.
- Germany′s total FDI in India from April 2000 until March 2017 amounted to $9.69 billion.
- There are about 143,000 people of Indian origin in Germany, including both German and Indian Passport holders.
- The Indian diaspora mainly comprises of professionals, technocrats, businessmen/traders and nurses.
- The Indian diaspora mainly comprises of professionals, technocrats, businessmen/traders and nurses.
- There are a number of Indian organisations and associations active on the business/cultural front, cementing ties between India and Germany at the people-to-people level.
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