November, 2010 - CII

November, 2010 - CII

india & the world

Ashok Kumar, First Secretary, Indian Embassy in Berlin; Arvind Thakur, CEO, NIIT Technologies Ltd; Vijay R Kirloskar, CMD, Kirloskar Electric

Company Ltd; Shobana Kamineni, ED, Apollo Hospitals Group; Hari S Bhartia; Sudhir Vyas; K N Shenoy, Past President, CII; Supriya Banerji,

Deputy Director General, CII; Farhad Forbes, Chairman, Special Initiative on CII-FBN India Chapter on Family Business, and Director,

Forbes Marshall; and Renu Pal, Deputy Chief of Mission, Indian Embassy, Berlin

for business cooperation. He committed to intensifying

this relationship based on long-lasting values and invited

CII to open its office within the BDI.

A CEOs roundtable following the conference was

dedicated to issues concerning Indian and German

businesses. The roundtable was attended by 16 German

CEOs and the CII CEOs delegation. The discussions

were led by Mr Hari Bhartia and Prof. Keitel in the

presence of Mr Sudhir Vyas and Mr Thomas Mattusek,

German Ambassador to India.

The CEO delegation included Mr K N Shenoy, Past

President, CII, Chairman, IQ Advisory Council, &

Chairman, Voith India Advisory Board; Mr Farhad Forbes,

Chairman, Special Initiative on CII-FBN India Chapter

on Family Business & Director, Forbes Marshall; Ms

Shobana Kamineni, Executive Director, Apollo Hospitals

Group; Mr Vijay R Kirloskar, Chairman and Managing

Director, Kirloskar Electric Company Limited; and Mr

Arvind Thakur, Chief Executive Officer, NIIT Technologies


Doubling Trade with Germany by 2014: CII Report

On the occasion of the visit, CII brought out a Report titled ‘India-Germany Economic

Cooperation: Setting a New Trajectory.’ The report identifies areas of economic partnership

between India and Germany; it also aims at doubling India-Germany trade to US $30

billion by 2014.

In 2009-10, Germany was India’s 5th largest export partner at $5.4 billion and the 8th

largest source of imports, at $10.3 billion. Until recently, it was the world’s largest

exporter, and is the fifth largest economy in purchasing power terms.

Germany’s cumulative investments in India from 2002 to 2009 stood at $2.8 billion.

It is also a major supplier of technology for India, accounting for over 13 percent of

technology transfer approvals.

Bilateral trade reached $18.4 billion in 2008-09, with the trade gap in favour of

Germany increasing, as India sources quality goods for its development. However,

given Germany’s outward investment of $134 billion in 2008, its low FDI in India at cumulative

$3 billion could be substantially raised, said the report.

While calling for a rapid conclusion to the Indo-EU (European Union) Free Trade Agreement, the report said

that the two countries must also set in place an institutional mechanism to increase small and medium sector


6 | November 2010 Communiqué

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