Ahmedabad: A German Indian business centre (GIBC) has been proposed in the state to facilitate business opportunities between Germany and Gujarat for setting up of offices, technology transfers and joint ventures.
The centre will facilitate investment between companies in Germany and Gujarat. Among other activities, GIBC will facilitate acquisition of German companies for Gujarat companies along with taking care of due diligence. The centre will also scout for and register technology partners in both countries.
"Germany is the largest trading partner of India in the European Union (EU). Despite the financial challenges in EU, trade is increasing between the two. The proposed GIBC in Gujarat will act as a bridge between Gujarat and Germany," said Jagat Shah, founder, Global Network, an international trade consulting firm based in Ahmedabad.
GIBC's focus will be on sectors like energy including renewable, automotive, life sciences, engineering, laser optics, ICT, innovation, research and education.
Other activities of GIBC will include facilitating education, innovation and research in cutting edge sectors while also exposing Gujarat and German companies to the culture and business etiquette of each other.
The centre will provide information to German companies on procedures to set up business in Gujarat and vice versa. GIBC will also arrange sector wise, monthly video conference meets between companies in Gujarat and Germany.
For the Vibrant Gujarat Global Investors' Summit 2013, GIBC will bring a delegation from Germany with a focus on education and business.
The centre is also in the process of finalizing a monthly newsletter to be circulated in Gujarat and Germany.
As a pre-event towards establishing GIBC, a sensitization event will be held in Ahmedabad on Saturday, where Wolfgang Holtgen, director of GIBC from Germany will be presenting the opportunities available to Gujarat based companies for doing business in Germany.
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