India-EU FTA to drive German investment into India: Indo-German Chamber chief
India and the EU are set to strengthen trade relations and increase investments from German companies. The Indo-German Engineering Summit highlighted opportunities in advanced manufacturing and sustainability. Jan Noether emphasized the need for German companies to invest in local supply chains in India. Collaborations in technology sectors could enhance India's manufacturing capabilities and…
Bengaluru: Jan Noether, director general of the Indo-German Chamber of Commerce, has stated that the India-EU free trade agreement will bolster trade between India and Europe and attract more investment from German companies in India. At the Indo-German Engineering Summit 2026 in Bengaluru, Noether emphasized that the agreement would create opportunities for a stronger business relationship between India and Europe, but this must be supported by increased investment in India.
He noted that German Mittelstand companies, or mid-sized companies, could take a more significant role in establishing local supply chains in India, given that they still need to import several components and materials for their industrial operations in the country. Noether highlighted that India's talent pool, education, and technology capabilities could complement Germany's engineering expertise as manufacturing becomes more digital, with AI development, smart manufacturing, and advanced manufacturing becoming increasingly important.
He also called for enhanced collaboration between companies and government representatives in Karnataka and Germany to foster new business initiatives and identify opportunities for collaboration in sectors such as automotive, chemicals, sustainability, AI, smart manufacturing, and engineering.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
