Free press releases distribution network?

Agency / Source: Voith GmbH

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Germany Economy Expects New Growth Impulses from India - In its report at the end of March, the Asian Development Bank (ADB) corrected the figures for India’s economic growth upwards. For this year, the ADB expects a growth rate of 7.8%, with next year even reaching 8.2% - Voith.com
Germany Economy Expects New Growth Impulses from India

 

PRZOOM - /newswire/ - Heidenheim, Baden-Wuerttemberg, Germany, 2015/04/10 - In its report at the end of March, the Asian Development Bank (ADB) corrected the figures for India’s economic growth upwards. For this year, the ADB expects a growth rate of 7.8%, with next year even reaching 8.2% - Voith.com. FSE: VO2A

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• For the first time, India is growing faster than China;
• Reliable development of the infrastructure must be sustained and legal certainty ensured;
• Approx. 400 top corporate representatives from India visiting the Hanover Fair.

“The German economy is ready. When India grows, we grow with them and we will invest. But the preconditions have to be right. India and its government have to convince the world that it is really possible now to grow in a sustainable way”, said Hubert Lienhard, Chairman of the Asia-Pacific Committee of German Business, on the occasion of the official opening up the Hanover Fair and the Indo-German Business Summit.

On Monday, 13 April 2015, the “Indo-German Business Summit“ will take place at the Hanover Fair, which has been organised by APA, the Indian industrial association CII and the Hanover Fair. Along with the German Chancellor Angela Merkel and the Indian Prime Minister Narendra Modi, numerous high-ranking representatives from industry and politics will also participate in this event. The corporate delegation from India is a group of around 400 people and includes the CEOs of all the important Indian industrial sectors.

The Chairman of APA, Mr. Lienhard, considers this summit to be an important signal for both countries to work even closer together economically. Already in the preparation phase for the summit he praised the “Make in India“ initiative of the Indian Prime Minister: “India has undertaken an important step with the “Make in India“ initiative. Here in Hanover, we will have to talk more openly about what we expect from each other and what would have to be done to further extend our cooperation.“

In its report at the end of March, the Asian Development Bank (ADB) corrected the figures for India’s economic growth upwards. For this year, the ADB expects a growth rate of 7.8%, with next year even reaching 8.2%. The ADB lists the improvement of the investment climate, impulses for the reduction of indebtedness and first initiatives for the removal of structural deficits as very positive signs.

The APA supports the continuation of basic reforms concerning the framework conditions for the Indian economy and this would also benefit German investors. In particular, this includes in the following:

- expansion of the infrastructure
- cutting of red tape
- strengthening of legal certainty and elimination of corruption
- removal of tariff barriers
- further development of professional training

The economic relationships between both countries would also get new impulses from a new "welcome culture" in both countries through simplified visa conditions. German exports to India experienced a slight decrease last year: from almost 11 billion euros in 2011, German exports fell to about 9 billion euros last year. The most important groups of goods for industrial export are machines, chemical products, and electrical technology. The imports from India have been relatively constant at about 7 billion euros over the past five years. Approx.1,800 German companies have established production sites and sales offices in India while German direct investment stands at around 10 billion euros (as of the end of 2012). The latest figures for Indian investment in Germany is 0.5 billion euros but investments through Indian holdings into other European sites have not been taken into consideration here.

About the APA
The Asia-Pacific Committee of German Business is the voice of the German-Asia industry in a dialogue with politics in Germany and in the Asian partner countries. The APA bundles the Asia-related economic and political interests of German companies. The aim is the intensification of the cooperation with the countries of the Asia-Pacific region and the promotion of trade and investment in both directions. The APA is an initiative of BDI, DIHK, OAV, BGA and the “Bankenverband”. Since February 2014, the Chairman of the APA has been Dr. Hubert Lienhard, CEO of Voith GmbH.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Voith GmbH

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Germany Economy Expects New Growth Impulses from India

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Voith | The APA
Contact: Markus Woehl - Voith.com 
+49(0) 7321 37 2219 markus.woehl[.]voith.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Voith GmbH securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Voith GmbH / Company Profile


Read Manufacturing/Robotics Most Recent Related Press Releases:

PPG Initiates Global Restructuring, Targeting $125 Million in Annual Savings
Local Manufacturing Offers Strong Growth Opportunities in the Thriving Nigeria and South Africa Cement Additives Markets Reports Frost & Sullivan
BASF Expands Automotive Refinish Coatings Manufacturing to Asia Pacific
Alstom’s South African JV Gibela Successfully Handed Over to PRASA The First X’Trapolis Mega
Neptune Lines Reduces Fuel Consumption and Emissions with Hempaguard
BASF Launches Ucrete MF40AS Industrial Flooring System on the European Market
Raritan Unveils Intelligent Cabinet Concept in Collaboration with Legrand Data Communications At Gartner Conference
Beretta Continues Global Celebration of its 490th Anniversary with Unveiling of One-of-a-Kind Shotgun in New York City
LANXESS Virkon S Proven to Kill Highly Pathogenic Avian Influenza Strains
BASF to Offer Tailor-made Product Innovation At European Coatings Show

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today