Indo-German stand against outsourcing & visa hike

Written by: Nitsi
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Pranab Mukherjee
New Delhi, Sep 23: Raising issues on US outsourcing and visa fees hike, Germany on Thursday, Sep 23 supported India for its effort to fight protectionism.

Speaking at the 17th session of the Indo-German Joint Commission on Industrial and Economic Cooperation in New Delhi, German minister of Economics and Technology Rainer Bruederle said, “Free movement of capital, labour and technology are the only ways for successful globalisation."

Brueder assured that Germany would help India for trade agreement with European countries.

The German minister also called for more Indian investments in his country.

“Indian money is most welcome in Germany. The doors are open. Please come," Bruederle said.

Speaking on the occasion, Finance Minister Pranab Mukerjee exuded optimism that German investment to India would add positive trends in the economy.

“Germany is the eighth largest investor in India. Their investment in India is currently around euro 600 million annually. We hope the euro one billion figure will be reached," he said.

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