India Germany Trade Relations

Topics: International trade, Hanover, Computer expo Pages: 4 (1393 words) Published: December 1, 2014
India Germany Trade Relations
Many years of collaboration and mutual understanding has been the bench mark of India Germany trade relations. Political relations date back to the 1950s. Economic Relations between India and Germany

Indo- German Chamber of Commerce (IGCC) has eventually expanded into the largest foreign chamber of commerce and trade in India and has also become the largest German bi-national Chamber globally. In 2006 the IGGC celebrated its 50th year of trade and commerce relations. India also partnered with the Germans in the 2006 Hannover Fair, which is recognised as the world’s largest technology fair. The IGGC had set up a goal to achieve trade up to 20 billion Euros by 2012. India’s overall Exports to Germany

The bilateral trade relations between India and Germany have remarkably increased over the years and both Indian and German firms have had their share of investment. Post-recession period Indian exports to Germany have seen an incredible growth in 2010, recording a total increase of 21.5%. The figures of total exports have touched to Euro 6.2 billion. Indian IT Exports to Germany

CeBIT 2011, Hannover Germany
One of India’s prime trade facilitation organizations, Electronics and Computer Software Export Promotion Council (ESC) having more than 2,300 members took part in a grand way at the CeBIT held from March 1-5th 2011at Hannover, Germany.

CeBIT is one of the best known international trade fair showcasing the technological process used all across the world. The main objective of the trade show was to help out the associate exporters to expand their business base globally. Users from industry, skilled trades, banks, services sector, government agencies, science and all passionate about technology were the key target groups. Roughly 20 Indian ICT companies participated at CeBIT under ESC banner. The mass participation of the Indian companies clearly indicated their increasing interests of investment in the EU region, with Germany...
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