Germany keen on Indian investments

Hyderabad: East Germany offers good prospects to Indian investors and is ideal for investments, according to Stefan Weckbach, Consul-General, German Consulate. Speaking at a meet on ‘Tapping Germany’s Business Potential: Opportunities for Indian Companies in Eastern Germany’ here, he said an increasing number of Indian companies were investing in East Germany. “East Germany has excellent infrastructure in the form of educational institutions, industrial research and development centres, etc. It is a fertile ground for investors,’’ he said. The bilateral trade between India and Germany stood at $17.6 billion in 2012. B. Ashok Reddy, President – Global HR, Infotech Enterprises Ltd, said after much consideration, his company chose Germany as the headquarters of its European operations. While acknowledging that there were cultural differences between India and Germany, Reddy said Infotech was organising frequent trips to India for its German workforce and vice versa for its Indian professionals. “We are also examining organic and inorganic approaches for growth in Germany,’’ he added.