Union Budget 2023-24
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India was amongst the first nations to establish diplomatic ties with Germany post 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.

    • German Chancellor Olaf Scholz arrived in India on Saturday on a two-day visit that is expected to further expand the overall bilateral relations in a number of key areas, including new technologies, clean energy and trade and investment.

    • German Member of Parliament (MP) Tilman Kuban has confirmed that Chancellor Olaf Scholz will be visiting India in February with the aim of significantly expanding overall cooperation in areas of trade, defence, clean energy and climate change.

    • German Chancellor Olaf Scholz said during his visit to SAP Labs India in Bengaluru on Sunday that his country needs Indian IT and tech professionals. The German Chancellor said, “We need this in all areas of employment, but of course especially when it comes to skills such as those we have seen today in the area of software and IT development.”

    • 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. There have been consultations on regional and international issues such as international cyber-security, disarmament & non-proliferation and export controls.

    • 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. The 6th IGC was held in Berlin on 2nd May 2022 where PM Modi led a ministerial delegation and co-chaired a CEO forum alongside Chancellor Olaf Scholz.

    • Germany is India’s largest trading partner in Europe. India was ranked 25th in Germany’s global trade in 2018. Bilateral trade during 2021-2022 was valued at $24.8 bn. 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.

    • Germany is the 9th largest investor in India, with cumulative FDI inflows of $13.9 bn during April 2000- December 2022. 

    • 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. Currently, 135 MSMEs are being facilitated through MIIM Programme. Invest India is the implementation arm of the Fast Track Mechanism and facilitation partner for the MIIM program.

    • The total trade between India and Germany stood at $21.767 Billion in 2020-21. The exports from India were $8.12 Billion, while the imports were $13.64 Billion. (Source: Tradestat, DOC website)

    • 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.

    • About 15,000 Indian students are pursuing various courses in Germany, while around 800 German students are studying in India. The German Academic Exchange Service (DAAD) facilitates joint research, training and exchange of young scientists/research scholars. Indo-German Partnership in Higher Education was signed between DAAD and UGC at the 3rd IGC in New Delhi in October 2015.

  • auto

    Automobile & Auto-Components

    • 4th

      Largest car manufacturer

    • 4th

      largest vehicle market

    • $ 118 bn

      Current value of Indian Automobile Industry

      • Largest two-wheeler and three-wheeler manufacturer
      • 2nd largest bus manufacturer and 3rd largest heavy trucks manufacturer  
      • Employs 35 mn people both directly and indirectly
      • The India passenger car market values at $ 32.70 bn in 2021, and it is expected to reach a value of $ 54.84 bn by 2027 while registering a CAGR of over 9%.
    Visit Sector 3Investible Projects
  • Chemicals


    • 3rd 

      Largest consumer of polymers

    • 6th

      Largest producer of chemicals

    • $ 300 bn

      Value of Indian chemical industry by 2025

      • 3rd largest producer of chemicals in Asia, with an estimated industry size of $ 139 bn
      • 4th largest producer of agrochemicals in the world
      • Supplies 16% of the global dyestuff and dye intermediates
      • India is set to emerge as fourth largest chemical producer in the world


    Visit Sector 28Investible Projects
  • Electronic Systems

    Electronic Systems

    • $ 220 bn

      ESDM sector in India by 2025

    • 16.6%

      Projected CAGR of the Sector during 2020-25

    • 2nd

      Largest smartphone market

      • Opportunities across electronics, technology and telecom sectors to reach $ 1 tn by 2024
      • Fastest-growing smartphone market in the Asia Pacific
      • Consumer electronics and appliances industry expected to become 5th largest by 2025
    Visit Sector 11Investible Projects
  • Renewable Energy

    Renewable Energy

    • #1

      Largest renewable energy capacity expansion program in the world

    • 2nd

      highest installed wind capacity in Asia

    • 3rd

      Renewable Energy Country Attractive Index in 2021

      • 5th largest in renewable energy capacity globally
      • 5th largest for installed solar capacity
      • The world’s largest renewable energy park of 30 GW capacity solar-wind hybrid project is under installation in India
      • 100% FDI is allowed in all renewable sources of power
    Visit Sector 499Investible Projects
  • Pharmaceuticals


    • 3rd

      Largest market in terms of volume

    • 13th

      Largest market in terms of value

    • $41.7 bn

      Value of pharmaceutical industry in India

      • Exports 20% of global generic medicines, making it the largest provider globally
      • Over 55 % pharmaceuticals exports are to highly-regulated markets
      • Leader in global supply of DPT, BCG and Measles Vaccine
      • 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

    • 2nd

      Largest armed force in the world

    • 3rd

      Largest defence budget in the world

    • 6%

      Budget allocated to R&D

      • Contributes 3.3% to global military expenditure
      • GOI aims to achieve a turnover of US $ 25 Bn including export of US $ 5 Bn in Aerospace and Defence goods and services by 2025.
      • Government has established 2 Defence Industrial Corridors in Uttar Pradesh and Tamil Nadu.
    Visit Sector 5Investible Projects
  • Capital Goods

    Capital Goods

    • 12%

      Share in India's manufacturing capacity

    • 40%

      T&D equipment demand


    • $ 43.2 bn

      Size of Indian capital goods industry

      • Value of electrical equipment industry, including generation and T&D equipment expected to reach $ 100 bn by 2022
      • 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

Recent Investments


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 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 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.

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, strengthening technology centre, including a transformation from conventional to digital offerings.

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 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. 
      • 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 has 148 official members, supporting the declared investment of over $1,693 mn across industries including Industrial, Environment, Consumer Goods, Mobility, Advanced Technologies, Infrastructure, Healthcare, and Chemicals.
  • 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 to you a seamless experience in kick-starting your business in India.

Key Functions

  • 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 in industrial corridors in particular
  • Extending holistic support to the small and medium enterprises from Germany with India 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

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

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