IGCC urges German companies in India to increase collaboration

Dr. Armin Bruck, Managing Director and Chief Executive Officer, Siemens Ltd., who has been elected as the President of Indo-German Chamber of Commerce (IGCC) for 2013-14, has called upon German companies in India to increase collaboration.Dr. Bruck commented, “India has all the vital factors that can make it a global manufacturing and innovation hub. Together with a growing educated middle-class, regular inflow of qualified engineering talent and a steadily growing industrial landscape, India’s domestic market provides the perfect launching pad for innovation.” With the investment climate pointing to only a steady, moderate continuation of investment activity (as indicated by the IGCC Business Monitor 2013 survey), the German corporate community are best placed to continue demonstrating their commitment to India’s sustainable growth story only by leveraging each other’s’ strengths and underlying synergies.With world-class technical expertise and competence, German companies have helped corporates and governments in India to meet the growing demands for innovative and sustainable technology solutions in the areas of energy, industry, healthcare, infrastructure, urban development, transportation and logistics, among others. “For German companies who aim to develop a footprint in India and also for Indian companies who seek technology partnerships with German companies, the IGCC offers a great business platform,” added Dr. Bruck.