MUNICH / MUMBAI / BANGALORE / DELHI - Bavaria's Secretary of State for the Economy, Katja Hessel, is today travelling to India with a thirty-strong delegation of high-level businesspeople. During the trip, Hessel will hold political meetings with representatives of the central government in Delhi and the governments of Maharashtra and Karnataka provinces. "The interrelations between Bavaria and India are excellent. A partnership agreement with Karnataka province was signed in 2007. We want these outstanding connections with politicians to benefit Bavaria's economy. Our visit is intended to open doors for our blue-and-white companies. India will be investing in infrastructure even more over the next few years. Through these political meetings, we want to support Bavarian companies in doing business in India," emphasises Hessel.
Meetings are planned with the Chief Ministers of Maharashtra and Karnataka, among others. In Delhi, Secretary of State Hessel will meet representatives of the key government departments. The members of the Bavarian delegation come from the environmental technology/energy, mechanical and plant engineering, and infrastructure/construction sectors. The trip will take in the economic metropolis of Mumbai, the ICT (information and communications technology) centre of Bangalore, and Delhi, the seat of the central government. During the trip, Hessel will make every effort to further improve conditions for bilateral economic relations between Bavaria and India.
Visits to internationally successful Indian companies such as TATA and Larsen & Toubro, sector-specific meetings with experts and large networking events, such as the launch of the German-Indian Chamber of Trade, are also on the itinerary. "We are offering our broad-based network in India to Bavarian companies, so that they can make, maintain and expand contacts there more easily. At the same time, we are presenting Bavaria to Indian companies as an innovative and high-performing business location for their activities in Europe," explains Hessel. Invest in Bavaria, the Business Promotion Agency of the Free State of Bavaria, will hold an event on the topic of 'Digital Bavaria' at the ICT centre in Bangalore. "We want to address Indian companies in the ICT sector in a targeted way and acquire them for Bavaria," Secretary of State Hessel continues.
Bavaria and India have traditionally had a very close economic relationship. In 2011, imports from India increased by around 22 per cent, while exports to India rose by around 21 per cent. A trade volume of around EUR 18 billion was achieved in 2012 (1st-3rd quarters). The South Asian country is ranked 24th among Bavaria's key trading partners worldwide, and is its sixth most important trading partner in Asia. According to predictions, India will have the world's largest population and the third-largest economy after the USA and China in 2050. "The growth market of India offers huge potential for the Bavarian economy," Hessel concludes.