Deutsche und Indische Flagge

Parliamentary State Secretary Dirk Wiese (r.) at the traditional annual meeting of the Indo-German Chamber of Commerce.

© Philipp Stammler

The Indo-German Chamber of Commerce is holding its traditional annual meeting in Düsseldorf today. With around 7,000 members, it is one of the largest German bilateral chambers of commerce.

On this occasion, Mr Dirk Wiese, Parliamentary State Secretary in the Federal Ministry for Economic Affairs and Energy, underlined the great significance of the relations between Germany and India: "India is one of Germany's most important partners in the Asia-Pacific region. This was highlighted quite impressively during the successful Indo-German Intergovernmental Consultations in Berlin at the end of May. We want to further deepen the cooperation with India especially in the fields of climate policy and trade policy. India is also our partner of choice as regards our new policy on the support of strategic large-scale projects abroad - especially in the railway sector."

State Secretary Wiese held the opening speech at the annual meeting of the Indo-German Chamber of Commerce. India is one of Germany’s most important trading partners. In the last ten years, the volume of bilateral trade has increased more than threefold (amounting to €17.4 billion in 2016). Furthermore, Germany is one of India's most important countries of origin as regards foreign direct investment (since 2000, German companies have invested around €10.9 billion in India).

On 29/30 May 2017, India's Prime Minister, Mr Narendra Modi, visited Berlin on the occasion of the fourth Indo-German Intergovernmental Consultations. The main issues included the backing of German companies by the German government for the modernisation of India's railway networks. It is based on the key points paper on strengthening German companies in the competition for international large-scale projects (in German).