Germany invites Indian Inc for investment

New Delhi, Apr 10 (UNI) Offering a slew of tax rebates and financial incentives, Germany has invited Indian companies to invest and set up manufacturing facilities, especially in Eastern Germany.

''When making their investment decisions, investors frequently look at the eastern and western European market separately, and often overlook Germany, which is an exceptional investment location for serving both markets from a single site given its favourable location,'' German Deputy Minister of Transport, Building and Urban Affairs Engelbert Lutke Daldrup told reporters here.

Eastern Germany, which has a fairly large percentage of employment at 18 per cent, wants companies from India to set up manufacturing units in the country and provide employment to the people.

''Almost 20 Indian companies already have their manufacturing units in the country employing almost 2,000 locals. Some of the companies being Suzlon, Viraj, Voltas etc,'' KPMG-Germany Director (Advisory Services) Andreas Dressler told UNI.

Technology-based companies can benefit most from east Germany as it provides with huge investment potential, Mr Dressler said, adding Indian companies in sectors, like automotive, mechanical engineering, micro-electronics, renewable energies, biotechnology, pharmaceuticals and chemicals can also gain from investing in the country.

UNI PDT SR RK1712