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4/21/06

Expatica: India, Germany aim to forge closer business ties

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India, Germany aim to forge closer business ties

BERLIN/NEW DELHI - Indian Prime Minister Manmohan Singh begins a visit to Germany this weekend which will mark another major step by Europe's biggest economy to broaden its Asian business empire through closer ties with the world's second-fastest growing economy. At the same time, India is hoping that Singh's four-day visit and the nation's key role at this month's Hanover trade fair will help Indian business to further cash in on fast-paced globalisation and to forge a higher profile in the world economy. "Indo-German investment and trade is reaching new heights, though the potential has still to be fully tapped," Ajay Singha, deputy director general, Indo-German Chamber of
Commerce (IGCC), told Deutsche Presse-Agentur.

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