Left Menu
Development News Edition

Germany's Thuringia state invites Indian investment

IANS | New Delhi | Updated: 12-02-2019 00:16 IST | Created: 12-02-2019 00:16 IST

Germany's Thuringia state invites Indian investment
With trade relations between countries being actualised at the state or regional levels, a Minister of the German state of Thuringia on Monday called for greater cooperation with Indian industry for the benefit of both. Speaking at an Indian industry chamber Ficci organised business interaction here, Thuringia's Minister of Economic Affairs, Science and Digital Society Wolfgang Tiefensee highlighted the advantages for Indian business in investing in his state located in the heart of Germany, as well as of Europe.

Thuringia is a world leader in the optics industry, while its automotive industry boasts of leading global majors such as Daimler, Opel, Magna, Bosch and BMW. "Since 2012, there has been a major improvement in our business relations with Thuringia's exports to India jumping 34 per cent in 2018 over the previous year to touch 150 million euros," Tiefensee said.

The Minister said Thuringia offers excellent conditions in mechanical engineering for generating innovations and launching internationally successful products and technologies. Around 10,000 scientists are doing research in the state in more than 40 institutes and universities in close cooperation with businesses, he added.

An MoU was signed on the occasion between Thuringian firm Gramme-Revit and Indian distributor WB for a new food supplement against arthritis called DuoVital. In his address earlier, Jasper Weick, Charge de Affairs at the Germany Embassy here, said that India and Germany have strong commonalities in their adoption of democracy, federalism and the free market.

He said that the India-Germany bilateral trade had risen at a healthy 10 per cent last year to touch nearly $22 billion. Investments in both directions were thriving and close to 1,700 German companies were doing business with and out of India, he added.



South Africa's COVID-19 response: Surprising outcomes or just poor data management?

South Africa has been committed to improving its health information system and shows that a robust digital has considerable scope to improve healthcare for the entire population. But the COVID-19 pandemic has highlighted that significant ga...

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...


Latest News

S.Africa says tourists from high-risk countries still barred from Oct. 1

South Africa will not allow tourists from countries with higher coronavirus infection and death rates, including Britain, the United States, and France, to enter when its borders open up on Oct. 1, ministers said on Wednesday.But business t...

Ahmedabad adds 197 new COVID-19 cases, 267 recover; 3 die

The COVID-19 caseload in Ahmedabad district rose by 197 to 36,847 on Wednesday, while three persons succumbed to the infection, taking the total toll to 1,828, Gujarat health department said. A total of 267 patients were discharged in the d...

French high court OKs extradition of Rwanda genocide suspect

Frances highest court on Wednesday rejected Rwandan genocide suspect Flicien Kabugas appeal of a decision to extradite him to an international court in The Hague. Kabuga, one of the most-wanted fugitives in Rwandas 1994 genocide, was arrest...

U.N. chief: time for national plans to help fund global COVID-19 vaccine effort

U.N. chief Antonio Guterres said on Wednesday it is time for countries to start using money from their national COVID-19 response to help fund a global vaccine plan as the World Bank warned that broad, rapid and affordable access to those d...

Give Feedback