India''s booming companies are scouring the world to invest and the latest destination is eastern Germany. A recent KPMG report suggests that eastern Germany is emerging as a potential investment destination for India Inc.
Seeing the potential in these sectors, some Indian companies that could be making their foray into eastern Germany are SAIL, NTPC, Unitech, IL & FS and Cairn India.Some of the companies that already have a strong foothold in eastern Germany and are looking to expand are RIL, Suzlon, Voltas, Wockhardt and Bharat Forge.
The driving force for these companies to Eastern Germany are 30-40 per cent lower labour costs compared to western Germany and a relatively enterprise friendly political system. In addition, Germany is the largest consumer market in Europe with 80 million consumers. Indian companies are finding eastern Germany a lucrative investment destination. Indo -German trade has grown by 23 per cent in last two years and analysts say post Tata-JLR deal, they anticipate more big Indian acquisitions in the European market.
Seeing the potential in these sectors, some Indian companies that could be making their foray into eastern Germany are SAIL, NTPC, Unitech, IL & FS and Cairn India.Some of the companies that already have a strong foothold in eastern Germany and are looking to expand are RIL, Suzlon, Voltas, Wockhardt and Bharat Forge.
The driving force for these companies to Eastern Germany are 30-40 per cent lower labour costs compared to western Germany and a relatively enterprise friendly political system. In addition, Germany is the largest consumer market in Europe with 80 million consumers. Indian companies are finding eastern Germany a lucrative investment destination. Indo -German trade has grown by 23 per cent in last two years and analysts say post Tata-JLR deal, they anticipate more big Indian acquisitions in the European market.
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