Economic Cooperation and Investments
Over the years, bilateral trade between the two countries has been increasing. Additionally, new business opportunities are also being explored and Germany invested more than US$ 13.8 billion in India between April 2000 and September 2022. The German government provides funds of around €1 billion each year for economic cooperation with India. Key areas of investments have been transportation, electrical equipment, metallurgical industries, services sector (particularly insurance), chemicals, construction activity, trading, and automobiles. More than 1,600 Indo-German collaborations and 600 joint ventures are represented in the Indian marketplace.
Robert Bosch to invest a total of US$ 125 million in India in the next five years towards the localization of advanced automotive technologies and in building digital platforms like Mobility Marketplace and Mobility Cloud Platform.
German packaging solution provider Multivac invested US$ 7.4 million to establish a production site in Ghiloth, Rajasthan.
As per the Indo-German Chamber of Commerce, there are more than 1,700 German companies in India. German investments in India have been mainly in sectors of transportation, electrical equipment, metallurgical industries, services sector (particularly insurance), chemicals, construction activity, trading, and automobiles.