Presse Nachrichten

Germany’s auto major plans to make e-cars in Pune

Mercedes-Benz, the world’s top luxury carmaker, plans to manufacture electric vehicles in India at its factory at Chakan in Pune. The German auto major, which leads the luxury car market in India, feels that the country will emerge as one of the key market for electrics in the coming years, in line with the government’s focus on non-combustion technologies as well as efforts to tackle the rising pollution across top cities.
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India tops list of fastest growing economies for coming decade: Harvard study

India tops the list of the fastest growing economies in the world for the coming decade and is projected to grow at 7.9 per cent annually, ahead of China and the US, according to a Harvard University report. The Centre for International Development at Harvard University (CID) said in new growth projections that countries that have diversified their economies into more complex sectors, like India and Vietnam, are those that will grow the fastest in the coming decade.
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Working breakfast by SHI and SME Europe in the European Parliament

“The Future of Trade Between the EU & India” – this was the headline of a Working Breakfast on March 6, 2018, which was hosted by Srita Heide International (SHI) and SME Europe of the European People’ Party in the European Parliament in Brussels. The event featured a lot of speakers and moderators as well as participants from politics, trade and business. Srita Heide (photo on the right side), Indo-European Business Advisor and SHI’s Founder & CEO, remarked that in order to master lots of challenges, the EU must develop and strengthen diplomatic and business relations with emerging markets and developing countries like India. It would important to be part of this development, “therefore we need to have a debate and define an agenda in order to unite the resources between the EU and non-EU worlds”.
Gaitri Issar Kumar, Ambassador of India to Belgium, Luxembourg and the European Union, stated that India supports and depends on strong and successful European Union. “India feels it has a stake at the EU success as EU is India’s largest trading partner. Another ambitious figure is India’s endeavor to become the 3rd largest consumer economy as 4 trillion dollar by 2025. India is establishing several flagship programmes (like ‚Make in India‘) to attract investment, number of sectors have opened up to foreign direct investment.”
Another speaker was Stephan Csoma, Executive Vice President of Recycling at Umicore. He was talking pracically: “An example of the cooperation between India and the EU is our current technological agreement with Mahindra (Indian car producer) in India to develop the Electric Formula 1 Racing engine.”
Other speaker were Dr. Ingo Friedrich MEP (President of the European Economic Senate), Dr. Paul Rübig MEP (Member of the ITRE and BUDG Committees, Honorary President of SME Europe of the EPP), Godelieve Quisthoudt-Rowohl MEP (Member of the International Trade Committee), Chinmai Sharma (Chief Revenue Officer, Taj Hotels Resort), Vandana Mehrotra ( CEOState Bank of India in Frankfurt), Dr. Andrzej Rys (Health Systems, Medical Products & Innovation Director, DG SANTE, European Commission) and Lilly Vasanthini (Associate Vice-President DACH Head Delivery and Operations, Infosys).
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Modi and Steinmeier discuss ways to strengthen strategic partnership

German President Frank-Walter Steinmeier held wide-ranging talks with Indian leadership including Prime Minister Narendra Modi and Vice President Venkaiah Naidu, who stressed that the world community must be unanimous in curbing and rooting out terror in all forms. Steinmeier and Modi discussed ways to strengthen the strategic partnership during their meeting at the renovated Sunder Nursery, a 90-acre heritage park in central Delhi. Naidu and External Affairs Minister Sushma Swaraj also called on the German president, who has visited India several times in the past in his capacity as the foreign minister and vice chancellor of Germany.
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Modi to be first Indian PM after 20 years to attend Davos meeting

For India, this year’s World Economic Forum (WEF) in Davos, Switzerland, will be more important due to the participation of an Indian PM after 20 years. For Prime Minister Narendra Modi, there are two clear agenda points. The first is to continue to aggressively promote India as an investment destination. The country needs much more investment and at the same time offers huge business chances for foreign companies. And what better forum than Davos with its high concentration of global CEOs, investors and influencers to make a pitch. WEF will take place during January 23-26 and it comes with a very different background from the last few years. For one, 2017 turned out to be a much better year for the global economy than had been anticipated.
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Disrupting Indian auto industry – by hiring more females

When the British Raj came to India, they decided to divide and rule. Centuries later, when MG Motor India (Morris Garages) inaugurated its first Indian factory in Gujarat in September, it decided to disrupt and sustain. MG’s super strategy? A prominent space for women leaders, with a target of 30 % female workforce, one of the highest in the industry.
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Schaeffler to invest € 26 million to set up new unit in Pune

Industrial and automotive component supplier Schaeffler AG announced an investment € 26 million to set up a manufacturing unit at Talegaon near the South Indian industrial metropolis Pune, along with a new research and development unit. The new production facility of the company’s arm NA Bearings Pvt. Ltd., will manufacture engine and transmission components, serving domestic and exports markets, the company said in a statement. The R&D facility will focus on enhancing product development and engineering capabilities driving innovation for customers, it added. Commenting on the development, Schaeffler India CEO Dharmesh Arora said, “We see exceptional opportunities (in India) as the economy strengthens in the near to mid term and mobility environment continues to evolve for technology suppliers like Schaeffler.”
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Ease of doing business: India jumps 30 notches, breaks into top 100

India has jumped 30 places to rank 100th in the World Bank’s “ease of doing business” ranking, sending the jubilant government to vow to continue reforms that will help the country break into top 50 in the coming years. India, which was ranked 142nd when the Narendra Modi government took office in 2014 and 130th last year, is the only large country this year to have achieved such a significant shift on the back of reforms in taxation, construction permits, investor protection and bankruptcy resolution. The World Bank said it is “one of the top 10 improvers in this year’s assessment, having implemented reforms in 8 out of 10 ‘doing business’ indicators.” This is the first time India has broken into top 100 nations.
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Which makes India better than China

India has a considerable appeal with its reputation as a peaceful, harmonious democracy. The government of Prime Minister Narendra Modi wants to expand and use this soft power. Their promotion for appreciating their own contribution to world culture and general goodwill towards Indian values has one strategic goal: to increase India’s international prestige and thereby increase the country’s importance beyond hard factors such as economic performance and military clout.
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India has third highest number of family-owned businesses

India has 108 publicly-listed family-owned businesses, third highest in the world, while China tops the tally with 167 such companies followed by the US which has 121, says a report by the Credit Suisse Research Institute (CSRI). With an average market capitalisation of $ 6.5 billion, India ranks 5th in Asia Pacific excluding Japan, and 22nd globally, in terms of average m-cap. Besides China, the US and India, the top 10 countries in terms of number of family-owned companies include France (4th place), Hongkong (5th), Korea (6th), Malaysia (7th), Thailand (8th), Indonesia (9th), Mexico (10th).
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Often smiled and underestimated: How Indians buy German companies

Not only Tata tries its luck with a German partner. Indian corporations are buying medium-sized companies, mostly because of technology. In many cases, in the end, the Indians take the lead, according to a study. But also major European brands are Indian now: Jaguar/Land Rover for example or even ThyssenKrupp. A search for a given occasion.
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India on the road to the strategic „bull market“?

Traditionally, private household investment in the financial markets in India made up around 6 %. In comparism, the share in the United States was well over 30 %. This will soon change and will bring India to a strategic bull market: analysis by the US asset manager WisdomTree.
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Taj appoints German chain’s Puneet Chhatwal as new CEO

Indian Hotels Company Ltd. (IHCL), operator of the Taj chain, chose Puneet Chhatwal, the chief executive of Steigenberger Hotels AG, as its managing director and chief executive, handing him the challenge of “driving the performance of the company”, which has been making losses for the past five financial years. Chhatwal, 53, will have the task of strengthening and expanding Taj’s position in its home turf where it was recently dethroned by Marriott-Starwood; restoring relations with IHCL’s promoters, Tata Sons and Tata Trusts; rebuilding employee morale; and turning around the company’s asset purchases which had led to significant write-downs equivalent to its net worth over the last four fiscals.
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List of Indian States With Most Investment Potential

Gujarat has once again retained its top position as the Indian state with the most investment potential, according to a report by economic think-thank The National Council of Applied Economic Research (NCAER). Delhi ranks second in the race followed by Andhra Pradesh, Haryana, Telangana, Tamil Nadu in the list of 21 states with most investment potential in India. These states were given these ranks on the basis of six pillars. They include labour, infrastructure, economic climate, governance and political stability, perceptions and land.
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Weltwirtschaft: BRICS-Staaten gewinnen an Bedeutung

Eine Gewissheit hat der jüngste G20-Gipfel in Hamburg gebracht: Die wirtschaftliche Bedeutung der so genannten BRICS-Länder Brasilien, Russland, Indien, China und Südafrika hat deutlich zugenommen. Ihr Anteil an der Weltwirtschaft stieg in den vergangenen 20 Jahren von 18 auf 31 Prozent. Allein Indien und China verzeichneten zwischen 2010 und 2016 eine reale Steigerung des Bruttoinlandsprodukts von 48 beziehungsweise 54 Prozent. Kein Wunder, dass immer mehr ausländische Firmen in diesen Ländern investieren.
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Modi’s India The World’s 4th Fastest Growing Economy

Good news for foreign companies to invest in India: Prime Minister Modi’s currency experimentation has not stopped India’s vibrant economy, which is the world’s fourth fastest growing economy in the world thus far in 2017. That’s according to the World Bank’s latest edition of “Global Economic Prospects”. For 2017, India’s economy is expected to advance 7.2 %. That’s slightly above the country’s long-term growth.
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Srita Heide at Indo-German Young Leaders Forum: “We focus too much on differences”

“We focus too much on our differences. Instead, we should concentrate on our communalities.” This has been pointed out by Srita Heide, business consultant and consultant for HR management, at the premiere of “Indo-German Young Leaders Forum” of Konrad-Adenauer-Stiftung in Berlin. The CEO of Srita Heide International indicated that in India the aspiration for an university degree would be the first priority. An alternative vocational training like being offered in Germany would be of low value. She claims a rethinking of the Indian and German society regarding education, for example in matters of teacher education. “An exchange of experiences between at least Indian and German teachers would lead to an rethinking of children in school.”
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India will overtake Germany in 2022

India will overtake Germany in 2022 as the world’s fourth-largest economy and push Britain out of the top five, based on analysis of growth projections by the International Monetary Fund. But according to a report of The Economic Times there are many challenges the South Asian nation must surmount to get there. These include executing a wide-ranging overhaul of the tax system, sorting out the biggest pile of distressed assets among major economies, reviving lackluster productivity, substantially increasing employment opportunities, encouraging corporate investment and overcoming a significant infrastructure shortfall.
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Why India could be the winner of a US-China trade war

The prospect of a trade war between China and the U.S. elicits frequent warnings of the risk to the global economy. India sees it somewhat differently. Senior officials in Prime Minister Narendra Modi’s party say India stands to benefit from the tensions. President Xi Jinping will need India’s huge market as President Donald Trump threatens punitive measures against Chinese manufacturers and U.S. firms that produce goods offshore.
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Indische Firmen wollen nach deutschem Vorbild ausbilden

Mehr als 20 indische Unternehmen wollen die duale Ausbildung nach deutschem Vorbild in Indien ausbauen. Sie unterzeichneten auf Initiative der deutschen Botschaft in Neu-Delhi eine entsprechende Erklärung. Die Firmen sehen den Zusammenschluss als einen Startpunkt, um entsprechende Angebote in Indien zu etablieren und zu standardisieren, heißt es. Zu den Unterzeichnern gehören die indische Siemens-Tochter und der interne Dienstleister des größten indischen Konzerns Tata Group, die Tata Services. „Dies ist eine indische Initiative“, stellte der deutsche Botschafter Martin Ney klar. Die Botschaft habe lediglich die Unterzeichner an einen Tisch gebracht – und sei dabei auf großes Interesse gestoßen.
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India’s growth rates are the strongest among G20 countries: OECD survey

The Indian economy is expanding at a fast pace, boosting living standards and reducing poverty nationwide. Further reforms are now necessary to maintain strong growth and ensure that all Indians benefit from it, according to a new report from the OECD. Its latest survey of India finds that the acceleration of structural reforms and the move toward a rule-based macroeconomic policy framework are sustaining the country’s longstanding rapid economic expansion. The survey, presented in New Delhi by OECD Secretary-General Angel Gurría and India’s Secretary Economic Affairs Shaktikanta Das, hails India’s recent growth rates of more than 7 % annually as the strongest among G20 countries. It identifies priority areas for future action, including continuing plans to maintain macroeconomic stability and further reduce poverty, additional comprehensive tax reforms and new efforts to boost productivity and reduce disparities between India’s various regions.
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Förderung hessischer Aussteller auf der „Ambiente India“

Der große indische Binnenmarkt ist gerade für die Konsumgüterbranche ein Wachstumstreiber. Kein Wunder, dass die Konsumgütermesse „Ambiente India“ gute Wachstumszahlen schreibt. Sie findet in diesem Jahr vom 20. bis 22. Juni in Neu-Delhi statt. Die Veranstaltung ist das Pendant zur „Ambiente“ in Frankfurt, die als das bedeutendste Event im Bereich der internationalen Konsumgüterbranche zählt. Die Hessen Trade & Invest GmbH und die IHK Hanau-Gelnhausen-Schlüchtern fördern die Teilnahme von Unternehmen aus Hessen am hessischen Gemeinschaftsstand.
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Wider den Mainstream: Chancen durch die indische Bargeldreform

Am 8. November erklärte die indische Regierung über Nacht und ohne Ankündigung 86 Prozent aller umlaufenden Bargeldnoten für ungültig, nämlich die 500- und 1.000-Rupien-Scheine. Der Grund: Bekämpfung der Schattenwirtschaft. Weltweit jedoch lassen Wirtschaftsexperten und -journalisten kein gutes Haar an der Aktion: Rückschlag für die Wirtschaft, Zumutung vor allem für die arme Bevölkerung. Eine der wenigen, die nicht im Mainstream der Kritik mitschwimmen, ist Euan Weir, Fondsmanager für internationale Aktien bei Kames Capital. Nach seiner Einschätzung könnte die Aktion dem Land sogar zu einer Erholung verhelfen und nebenbei Aktienanlegern Chancen bieten.
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Average salary hike of 10 % likely for Indian employees in 2017

Indian Employees are expected to see an average 10 per cent increase in salary in 2017, lower than 10.3 per cent rise this year, and after taking inflation into account, the hike would be a paltry 4.8 per cent, says a report. In comparison: Workers in France and Germany are forecast to see real wage rises of 1.5 per cent and 2.2 per cent respectively.
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Indien könnte bevorzugtes Schwellenland werden

Der Fondsgesellschaft Columbia Threadneedle Investments zufolge bietet Indien in Anbetracht der fallenden Inflation und potenzieller Zinssenkungen Rahmenbedingungen, sich zum Liebling unter den Schwellenländern zu entwickeln. Zudem dürfte der laufende Reformprozess unter Premierminister Narenda Modi Wachstum und Produktivität im Laufe der Zeit ankurbeln, wie Natasha Ebtehadj, Portfoliomanagerin für indische Aktien bei Columbia Threadneedle Investments, in einem aktuellen Marktkommentar schreibt.
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Welcome in Startupland!

India has emerged as the third largest startup and such ventures are poised to grow 2,2 times to reach 10.500 by 2020 despite a perception that the ecosystem in the country has slowed down in the last year, says a report. India is in the third position just behind US and UK, and nearly 1.400 new start-ups are expected by end of 2016, up by 8 to 10 per cent from last year, revealed the “Indian Startup Ecosystem Maturing 2016” report by Nasscom-ZINNOV.
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Studie: Deutschland lässt sich Indiens F&E-Potenzial entgehen

Deutsche Unternehmen nutzen das Potenzial in Forschung- und Entwicklung (F&E) Indiens bisher wenig. Für viele Firmen ist das zweitgrößte Schwellenland der Welt noch immer vorrangig ein großer Markt für Güter aus Deutschland, während andere westliche Industrieländer bereits intensiv auf Indiens vielseitiges Innovationspotenzial zurückgreifen. Dies zeigt eine Studie der Bertelsmann Stiftung, für die das Beratungsunternehmen Roland Berger Unternehmen und Führungskräfte in beiden Ländern befragt hat. Deutschlands Wirtschaft und Politik müssten rasch handeln, um in Indien und weiteren asiatischen Märkten nicht abgehängt zu werden, so ein Ergebnis der Untersuchung.
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German Mittelstand, participate in „Vibrant Gujarat“!

German companies still underestimate their business opportunities in India. Take for example the “Vibrant Gujarat Global Summit” (VGGS) 2015. Whereas only a handful German business people joint this big event in the capital Ahmedabad big delegations of many other European countries and the US took the opportunity to gear their collaborations. And 2017? The next summit will be held on January 10-13. The UK has decided to be a partner country. The delegation will comprise of 100 members, representing 30 to 40 companies dealing with lifesciences, chemicals and other focus areas in Gujarat like pharmaceuticals and energy. Also the US has agreed to be a partner country in the upcoming VGGS. And German companies?
  See what they would miss.

Invest in India, get permanent residency for 10 years!

In a major policy change aimed at making India a more attractive investment destination for overseas investors, the Centre on 31. August decided to grant permanent residency status for 10 years to foreign investors, reports the Times of India. In doing so, India joins countries such as the US, Canada and the UK which grant this status in return for investment. The US EB-5 visa is almost fully subscribed, largely by Indian and Chinese millionaires. The Union Cabinet decided to grant the residency status to foreigners if they invest Rs 10 crore over 18 months or Rs 25 crore over three years. The status will allow multiple entry to visitors for 10 years, which can be extended for another 10 years if the visitor does not receive adverse notice. No registration requirements would be mandated.
During this period, investors would be allowed to buy one residential property and their spouses and children would also be allowed to work or study in India. The scheme would, however, not be available for Pakistani and Chinese citizens. The move to grant PR status followed several complaints from companies and investors who grudged the lengthy process to obtain a visa, which were often for short duration. To address the concern, the government announced the plan in the budget and followed it up with the Cabinet decision. “A certain threshold, if you invest in India, then the availability of visa, the availability of the right to purchase assets, the availability of employment for family members, there is a detailed policy that has been approved by the Cabinet,“ finance minister Arun Jaitley said after the meeting. Under the scheme, provisions would be made in the visa manual to provide for grant of residency status to foreign investors. The investors will be eligible for multiple entry visa without any stay stipulation and will also be exempt from registration requirements, it added.

Fondsmanager Bhatkuly: Indische Steuerreform wird ausländische Investoren locken

Durch die Einführung der landesweiten Steuer auf Waren und Dienstleistungen (GST) könnte Indiens Wirtschaft in naher Zukunft einen zusätzlichen Wachstumsschub von 80 zu 200 Basispunkten bekommen, wie Madhav Bhatkuly, Manager des Aktienfonds GAM Star India, in einem aktuellen Marktkommentar schreibt. „Für Indien ist die verabschiedete einheitliche Mehrwertsteuer ein Meilenstein.“
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