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Friday, Dec 22, 2006

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`Indo-German trade to touch € 10 b by 2009'

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Kolkata , Dec. 21

Mr Bernd Muetzelburg, Ambassador of the Federal Republic of Germany in India, is confident that the bilateral trade between India and Germany will touch € 10 billion by 2009 against € 5.6 billion in the first half of the current year.

Along with the increased trade turnover, direct investments from Germany to India will increase considerably in the coming years. Mr Muetzelburg said that it was evident that "incredible India is changing to credible India" in the area of economic growth. Many German companies were keen on coming to India, particularly in West Bengal, because of various positive factors.

Speaking at the concluding function of the golden jubilee celebration of the Indo-German Chamber of Commerce here recently, Mr Muetzelburg said, "I shall bring a series of German investors in India," adding that the presence of German companies in West Bengal would be doubled in 2007-08.

The West Bengal Minister for Commerce and Industries, Mr Nirupam Sen, said : "I strongly believe that German's engineering potential has to be utilised for industrial development in the State". He advised Indo-German Chamber of Commerce to play a major role in cementing bilateral trade between the two countries.

The Lok Sabha Speaker, Mr Somnath Chatterjee, said that West Bengal would be the number one industrially developed State in the country by 2007. The golden jubilee celebrations, which began in Mumbai in January 2006, completed its final lap with celebrations in the city.

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