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India was amongst the first nations to establish diplomatic ties with Germany after the World Wars. The tone of the relationship was set by the two visits of the Indian Prime Minister to Germany in 1956 and 1960.

Post the economic reforms and liberalization of the Indian market in 1991, Germany has gone on to become one of India’s most significant trade and investment partners. 

Cumulatively, Germany has invested over $13.6 Bn in India between 2000 and 2022. Key areas of investments have been transportation, electrical equipment, metallurgical industries, services sector (particularly insurance), chemicals, construction activity, trading and automobiles. Over 1,600 Indo-German collaborations and 600 joint ventures are represented in the Indian marketplace.

    • September 2023: Prime Minister Shri Narendra Modi held a bilateral meeting with Chancellor of the Federal Republic of Germany, H.E. Mr. Olaf Scholz, on the sidelines of G20 Summit in New Delhi. The leaders reviewed the progress in their bilateral Strategic Partnership and discussed ways to deepen cooperation in areas like defence, green and sustainable development, critical minerals, mobility of skilled personnel and education.

    • Prime Minister visited Berlin on 2 May 2022. A total of 14 agreements were signed in diverse fields such as green partnership, development cooperation, renewable energy, migration and mobility, economic cooperation and agriculture. Prime Minister and Chancellor also signed a Joint Declaration of Intent on a Green and Sustainable Development Partnership.

    • Germany and India co-operate on the issue of UNSC expansion within the framework of G-4 and consult each other in G-20 on global issues such as climate change and sustainable development. The last meeting of the G4 was held on the side-lines of the 77th UNGA in September 2022.

    • In April 2021, the German Federal Cabinet approved the signing of the amended framework agreement of the International Solar Alliance (ISA), and thereby confirming Germany's accession to the ISA. 

    • On 7th March 2021, India and Germany marked the 70th anniversary of the establishment of diplomatic relations.

    • India and Germany agree to work together with focus on Artificial Intelligence (AI) Start-Ups as well as 'AI' research and its application in Sustainability and Health care.

    • Several institutionalized arrangements exist between India and Germany on bilateral and global issues, including Foreign Office Consultations, High Technology Partnership Group, High Defence Committee, Indo-German Energy Forum, Indo-German Environment Forum and Joint Working Groups in sectors such as skill development, automotive, agriculture, water and waste management.

    • India and Germany signed the Strategic Partnership in 2001, which has been further strengthened by the Intergovernmental Consultations (IGC) between the two Governments. The IGC allows for a comprehensive review of cooperation and a platform to identify fresh areas of engagement. 

    • Germany is India’s largest trading partner in Europe and its 5th biggest trading partner in the world. During 2022-23, bilateral trade was $26 Bn, an increase of about 5% in comparison to trade figures in FY 2021-22. 

    • Germany is the 9th largest investor in India, with cumulative FDI inflows of $14.37 Bn during April 2000 - September 2023. 

    • Some major Indian exports include machinery and mechanical appliances, textiles, and chemicals. Some major Indian imports include optical and medical instruments, machinery and mechanical appliances, vehicles, and accessories.

    • As per Indo-German Chamber of Commerce, there are more than 1,700 German companies in India. German investments in India have been mainly in sectors of transportation, electrical equipment, metallurgical industries, services sector (particularly insurance), chemicals, construction activity, trading and automobiles. 

    • A Fast Track Mechanism has been set up for German companies in India under the DPIIT to expedite resolution of issues. The Make in India Mittelstand (MIIM) Programme was launched in 2015 to facilitate the entry of German MSMEs. As of November 2022, 152 companies are being facilitated through this programme with a declared investment of nearly Euro 1.47 Bn.

    • Cultural and academic exchanges form an integral part of Indo-German relations. German scholarly interest played a key role in introducing Indian art, culture, literature and philosophy to the wider world. Max Mueller was the first scholar of Indo-European languages who translated and published Upanishads and Rigveda.

    • German interest in the Indian philosophy and languages resulted in the first Chair of Indology at the University of Bonn in 1818. The Government of India has funded several rotating chairs of Indian studies in German Universities.

    • The increased interest in Indian films manifests in the exclusive Indian Film Festival, Stuttgart and Indo-German Film Week in Berlin which witness a huge turnout regularly.

    • Ayurveda, the Indian traditional system of medicine, is being acknowledged as a complementary system of medicine in Germany. Several research institutions in Germany have been contributing to this development through international exchanges and research projects.

    • The International Day of Yoga 2022 was organized in Erfurt, capital city of the federal state of Thuringia, with an objective to raise awareness of Yoga and its benefits among school children. 

    • There are approximately 43,000 (2023) Indian students who are studying in Germany, a number which is rising each year. Around 800 German students are studying or doing internships in India. 

    • There are around 2.20 Lakh (December 2022) Indian passport holders and Indian-origin people (about 1.60 Lakh NRIs/Indian Passport holders and around 43,000 PIOs) in Germany. 

  • auto

    Automobile & Auto-Components

    • #1

      Largest Two-wheeler Manufacturing Country

    • #3

      Largest automotive market

    • #4

      Largest car manufacturing country

      • India aims to double its auto Industry size to INR 15 Lakh Cr by 2024
      • Employs over 19 Mn people both directly and indirectly
      • Export of the total number of passenger vehicles increased to 6,62,891 in 2022-23, registering a positive growth of 14.7%
    Visit Sector 3Investible Projects
  • Chemicals

    Chemicals

    • #3

      Largest consumer of polymers

    • #4

       largest producer of agrochemicals globally

    • #6

      largest producer of chemicals globally

      • Supplies 16% of the global dyestuff and dye intermediates
      • India is the 4th largest chemical producer in Asia
      • India exports Chemicals to more than 175 countries
    Visit Sector 28Investible Projects
  • Electronic Systems

    Electronic Systems

    • #6

      Electronic Exports are 6th largest Export Commodity Group

    • #2

      Largest smartphone producer in the world

    • #5

      Largest consumer electronics and appliances Industry by 2025

      • A rise in mobile phone penetration and a decline in data costs will add 500 Mn new internet users in India over the next 5 years
      • April-December 2023-24 electronic goods exports were recorded at $22.24 Bn
      • Electronics manufacturing is expected to rise to $300 Bn by 2025-26
    Visit Sector 11Investible Projects
  • Renewable Energy

    Renewable Energy

    • #4

      Largest wind power capacity in the world

    • #4

      Solar Power Capacity Globally (as per REN21 Renewables 2022 Global Status Report)

    • #4

      Largest Renewable Energy Installed Capacity globally

      • World's largest hybrid renewable energy park taking shape in Kutch
      • As of Oct 2023, 50 solar parks sanctioned with a cumulative capacity of 37.5 GW in 12 states
      • 100% FDI is allowed under the automatic route in the Renewable Energy sector
    Visit Sector 499Investible Projects
  • Pharmaceuticals

    Pharmaceuticals

    • #1

      Leader in global supply of DPT, BCG and Measles Vaccine

    • #3

      Largest market in terms of volume

    • #14

      Largest market in terms of value

      • 60% of the world’s vaccines and 20% of generic medicines come from India  
      • Market size of the Indian pharmaceutical industry is around $50 Bn
      • Expected to reach $65 Bn by 2024, and 130 Bn by 2030
      • India has the highest number of US-FDA compliant Pharma plants outside of USA
    Visit Sector 7Investible Projects
  • Aerospace

    Aerospace & Defence

    • #2

      Largest armed force in the World

    • #3

      Largest defence budget in the World

    • 13.3%

      Union Budget for Financial Year 2023-24 has been by MOD

      • India’s Military spending for the year 2021 is ranked as the third highest in the world
      • GOI aims to achieve a $26 Bn Defence industry with an anticipated investment of $10 Bn in Aerospace and Defence goods and services by 2025
      • The government has established 2 Defence Industrial Corridors in Uttar Pradesh and Tamil Nadu
    Visit Sector 5Investible Projects
  • Capital Goods

    Capital Goods

    • 12%

      Contribution to India's manufacturing output

    • 1.8%

      Contribution to India's GDP

    • $92 Bn

      Total market size of Indian capital goods Industry

      • Capital goods Scheme proposal has been approved with a total financial outlay of INR 1207 Cr including Government Budgetary support of INR 975 Cr
      • Expected to provide direct and indirect employment to 30 Mn people by 2025
      • Indian generation and T&D equipment market to reach $100 Bn by 2025
    Visit Sector 10Investible Projects

Investible Projects

Explore Opportunities

  •  
    Projects

    5955

  •  
    Opportunity

    $ 392.42 bn

  •  
    Promoters

    2568

  •  
    District

    701

  •  
    Private Projects

    100

  •  
    Govt. Projects

    5538

Recent Investments

Volkswagen

Germany-based Volkswagen Group signs agreement with Indian automaker Mahindra & Mahindra foe e-mobility push

Indian automaker Mahindra & Mahindra has signed a supply agreement with Germany-based Volkswagen Group for components for its INGLO platform. The deal will equip certain ranges of the electric platform with electric components from Volkswagen's MEB and unified cells.

 

German firm TÜV SÜD invests €15 Mn  in lab test facility in Bengaluru

German firm TÜV SÜD invests €15 Mn in lab test facility in Bengaluru

TÜV SÜD, a Germany-based safety and sustainability solutions provider, has invested €15 Mn (about INR 134.8 Cr) in its newly-built laboratory and testing facility in Bengaluru, driven by its expansion plans in India and a push towards the government’s ‘Make-in-India’ initiative.

ZF Doubles Down

ZF Doubles Down on India with Renewed Vigor

ZF ($ 219 Mn – 2022-2026) - Aims at localization of advanced automotive technologies and building digital platforms like Mobility Marketplace and Mobility Cloud Platform.

German Federal Ministry for Economic Affairs

India signs new Work Plan on quality infrastructure with Germany during Indo-German Working Group meeting in Berlin

The Department of Consumer Affairs and the German Federal Ministry for Economic Affairs and Climate Action signed the new Work Plan for 2023 during the 9th Annual Meeting of the Indo-German Working Group on Quality Infrastructure. 

Motovolt

Motovolt acquires stake in Germany’s eROCKIT, plans to introduce its global EV tech in India

Kolkata-based e-mobility start-up Motovolt has made an initial investment of a million euro (INR 9 crore) in German EV start-up, eROCKIT for an undisclosed stake.

Bosch

Bosch India shares a compelling vision of the future with its 100 years celebration closing event

Bosch ($ 243 Mn 2022-2026) - Aims at localization of advanced automotive technologies and building digital platforms like Mobility Marketplace and Mobility Cloud Platform

Webasto

German Webasto to set up factory for manufacturing sunroofs in India

German auto-maker Webasto has invested INR 250 cores to set up a sunroofs manufacturing facility in Pune. 

Birkenstock

Birkenstock launches ‘1774’ e-commerce experience in India

Birkenstock, the global German lifestyle brand with a heritage in iconic footwear, has launched its e-commerce ‘1774’ in India. 

Bosch

Bosch inaugurates India’s largest Bosch Car Service network in Panchkula

Bosch Automotive Aftermarket inaugurated one of the largest Bosch Car Service (BCS) facilities in Panchkula, Haryana, to expand its workshop chain network. There are about 250 Bosch multi-brand car service points in India.

Bayer in India

Bayer inaugurates Ethiprole manufacturing unit in Vapi

German agrochemicals major Bayer has inaugurated a new Ethiprole manufacturing plant at its Vapi site in Gujarat, with an investment of INR 200 crore (24 million euros). The new facility will cater to domestic demand as well as exports across the Asia Pacific and Latin America.

Von Wellx

German footwear major Von Wellx inaugurates two footwear units in Uttar Pradesh

German footwear major Von Wellx inaugurated two footwear units in Uttar Pradesh, aiming to produce 5 million pairs of shoes annually. The company will invest around INR 300 crore in phases in three projects in the state, generating around 10,000 jobs. 

Siemens Healthineers

Siemens Healthineers is set to make its single-largest investment in India

German medical tech company Siemens Healthineers is set to make its single-largest investment in India of INR 1,300 crore (EUR 160 million) over the next 5 years, as it sets up a new innovation hub in Bengaluru.

1

Bosch plans to invest over $112 Mn in India in next 3-4 years

Bosch Home Appliances plans to invest over $112 Mn in the Indian market in the next 3-4 years through expanding their product portfolio. The Company aims to focus on personalized solutions, brand building, and strengthening technology centres, including a transformation from conventional to digital offerings.

1

Blaupunkt to invest $300 Mn in Indian TV business in next 5 years

German consumer electronics maker Blaupunkt plans to invest $300 Mn in the Indian television industry, along with its Indian partner Trigur Electronics, on marketing and at Trigur's plant in Sonepat, Haryana.

ThyssenKrupp

ThyssenKrupp to produce CRGO electrical steel in India

German steel major ThyssenKrupp will produce cold-rolled grain oriented (CRGO) electrical steel for the first time in India. The Company is the sole manufacturer of CRGO in the Country presently. 

Deutsche Bank acquires Mumbai-based fintech startup

Deutsche Bank, Germany’s largest lender by assets, has acquired Mumbai-based fintech startup Quantiguous Solutions that will enable it to provide an open banking platform to its corporate clients across the world. This is the first acquisition for DB in India. 

Siemens launches its digitization platform in India

Siemens has launched its digitization platform 'Mindsphere' in India, along with four application centres in Pune, Noida and Gurugram (two). India will be among the top five global markets for Siemens AG in the coming years, as the German conglomerate company is preparing to tap a $ 1.5 tn opportunity in India’s manufacturing sector. 

Liebherr sets up their first refrigerator manufacturing unit in India

Germany-based equipment manufacturer Liebherr has set up their first refrigerator manufacturing unit in Aurangabad, Maharashtra with an investment of $ 73 mn to manufacture refrigerators locally.

  • India and Germany Fast Track mechanism

    Indo-German Fast Track Mechanism

      • In 2015, Department for Promotion of Industry and Internal Trade, Government of India and the German Ministry of Economic Affairs and Energy signed an agreement to set up the Indo-German Fast Track Mechanism.
      • The mechanism aims to fast-track German investments in India by expediting resolution of issues faced by the German companies in India. 
      • Invest India is the executing agency for the Indo-German Fast Track Mechanism. Since its launch, over 87% of the cases on-board the mechanism have been resolved (closed). 
  • Make in India Mittelstand

    Make in India Mittelstand

      • Make in India Mittelstand is a unique dedicated and strategic ‘Make in India’ business support programme for German Mittelstand (MSME) and family-owned enterprises.
      • Launched in 2015, this initiative is led by the Embassy of India, Berlin and Invest India is the only non-profit and investment facilitation partner for this programme.
      • MIIM program has enrolled a total of 148 companies which represent a cumulative declared investment of 1.4 bn EUR to India.
  • Start-up Collaboration

    Start-up Collaboration

      • German India Startup Exchange Program (GINSEP) was formally launched in February 2018 as a non-monetary platform set up to foster the Indo-German economic relations in the field of startups.
      • To strengthen Indo-German startup collaborations, Invest India hosted the 1st Startup Roundtable for German startups in the presence of German Parliamentary State Secretary, Mr. Dirk Wiese during his visit to India in February 2018
      • Invest India works closely with the German Startup Association and Startup AsiaBerlin to strengthen and further expand the startup cooperation that exists between India and Germany.
      • To boost collaboration between the German and Indian startup ecosystems, a Joint Declaration of Intent for Startups was undertaken between Hon’ble PM Narendra Modi and the German Chancellor Angela Merkel on 1st November 2019.

Germany Team

The Germany Team at Invest India aims to facilitate and assist German companies in their expansion plans into India. Working closely with various stakeholders including states and regulatory authorities, we bring you a seamless experience in kick-starting your business in India.

Key Functions

  • The entire spectrum of investment promotion – research, outreach, promotion, facilitation and aftercare
  • Initiating, attracting, facilitating, fast-tracking and handholding German investments across sectors
  • Providing information on investment opportunities across sectors, in specific projects and industrial corridors in particular
  • Extending holistic support to the small and medium enterprises from Germany with India's interest
  • Engaging with German counterpart for start-up facilitation from Germany in India

Team Advantages

  • Expediting license approval

  • Provide policy advocacy

  • Location assessment

  • Business advisory

  • Issue redressal

About Us

Invest India

The one stop-shop to ensure your success in India

Our Prestigious Awards

We are the most awarded IPA in the world

  • The World's Most Innovative Investment Promotion Agency Award 2021 awarded by OCO Global

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2020 for best practices in COVID response

  • Best Investment Project Award five years in a row - 2016 to 2020 at the Annual Investment Meeting (AIM) organized by the Ministry of Economy, UAE.

  • Great Place to Work Certification by GPTW Survey 2019

  • The UNCTAD Award 2018 for promoting investment in sustainable development

  • Great Place to Work Certification by GPTW Survey 2018

  • Investment Award 2016 from the Indian Ocean Rim Association (IORA)

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2016 for excellence in partnering for investment promotion