Germany Team

Germany Team at Invest India is the one-stop shop for exploring and materializing your entry plans to India. 

For any information on investing in India or any other query, reach out to us at:

contact@investindia.org.in

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

Cumulatively, Germany has invested over $10.8 bn in India between 2000 and 2018. 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.

Major German Investors

Currently, 73 German Mittelstand (MSMEs) are being facilitated through the MIIM Programme for their market entry and Investment in India

Transportation, energy, engineering, IT, life sciences, defence and space are the key areas of collaboration between India and Germany

Total bilateral technical and financial cooperation to India since its inception in 1958 has reached over $19 bn 

    • India and Germany signed a Strategic Partnership in 2000, 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 4th IGC was held in Berlin on 30th May 2017, wherein 12 cooperation documents were signed across various sectors.

    • 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.

    • 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.

    • Germany is India's largest trading partner in Europe. India was ranked 24th in Germany's global trade in 2016. Bilateral trade in 2017 was valued at $ 20 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, and vehicles and accessories.

    • Germany is the 7th largest foreign direct investor in India since January 2000. German FDI into India during 2017-18 was to the tune of $ 1.1 bn. Germany's cumulative FDI in India from April 2000 until March 2018 amounted to $ 10.8 bn. India is the 6th largest recipient of FDI from Germany.

    • A Fast Track Mechanism has been set up for German companies in India under the DIPP to expedite resolution of issues. The Make in India Mittelstand (MIIM) Programme was launched in 2015 to facilitate the entry of German MSMEs. Currently, 109 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.

    • 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 14,000 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.

Recent Investments

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.

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 has launched its digitalization 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. 

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. 

Union Ministry for Housing and Urban Affairs and the German development agency GIZ signed a MoU to develop and apply concepts for sustainable urban development providing urban basic services and housing in select cities and smart cities in India. GIZ plans to contribute up to $ 9.5 mn for the project which would run for a period of three years.

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

With a view to helping the German companies, we have put in place a Fast Track Mechanism. A number of issues have already been resolved through this mechanism. We are doing it sincerely because we value German participation a lot.

Shri Narendra Modi, Hon'ble Prime Minister

I was very glad we were able to sign the fast-track agreement today so that the speed with which you provide licences to companies to set up the business is increased.

Angela Merkel, Hon'ble Chancellor of Germany at launch of Indo-German Fast Track Mechanism (October 2015)

Germany is contributing in a big way in the success of Make in India

Shri Narendra Modi, Hon'ble Prime Minister of India

Success Stories

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    Bosch

    Invest India has been working with Bosch as part of the Indo-German Fast Track…

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    INTORQ

    Invest India has been working with INTORQ as part of the Indo-German Fast Track…

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    ThyssenKrupp

    ThyssenKrupp (TKES) is a large German conglomerate operating in components…

  • Indo-German Fast Track Mechanism

      • In 2015, Department of Industrial Policy and Promotion, 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 70% of the cases on-board the mechanism have been resolved (closed). 
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  • Make in India Mittelstand

      • A unique dedicated and strategic ‘Make in India’ business support programme for German Mittelstand 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 over 90 official members, supporting the declared investment of over $ 940 mn across industries including Chemicals, Renewable Energy, Consumer Goods, Environment, Infrastructure and Mobility.
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  • 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 is currently working to institutionalize its partnership with German Startup Association and Startup AsiaBerlin.
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