Germany calls for dialogue to boost bilateral trade

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New Delhi, Nov 14 (UNI) To give a further boost to the Indo-German trade ties, President of the German Federal State of Schleswig-Holstein Peter Harry Carstensen will open a representative office in Gurgaon today to initiate a dialogue between the two countries.

''We intend to start a dialogue, today, that will offer our small and medium enterprises new and wider opportunities of cooperation,'' Mr Cartensen told reporters here.

He said the representative office in India will serve as the platform for dialogue between the small and medium enterprises of the two countries to boost the bilateral trade.

''We are interested in forging partnership in various sectors such as science and technology, renewable energy, food processing, maritime sciences, pharmaceuticals,'' Mr Carstensen, who led 38 member delegation here, said.

Earlier German Chancellor Angela Merker, who visited the country, said, '' We feel the potential of India-German co-operation has not been fully tapped. More bilateral interactions is needed particularly between their small and medium enterprises.'' In the first six months of 2007, bilateral trade between the two nations has touched a record 7.62 billion dollars, up by 15.63 dollars over the corresponding period last year.

India's exports to Germany during January-June, 2007, has increased 12.64 per cent to 3.2 billion dollars and imports from Germany by 17.86 per cent to 4.44 billion dollars.

Among foreign investors in India, Germany ranks 6th with total investment of 1.7 billion dollars.


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