New Delhi, April 15 (KNN) 'Ease of doing' business in  India has to be improved for attracting international business, says Bernhard Steinruecke, Director General, Indo-German Chamber of Commerce.  He hailed Modi's 'Make-in-India' programme and said German companies are "very optimistic" about India.
 
"Germans are probably the best in manufacturing. So, it is a win-win situation," said Steinruecke, who is a former General Manager of Deutsche Bank, India. India has a lot of potential as it has growth rate and a market and "everyone who wants to be a part of international industry has to be in India but India's place in the list of 'ease of doing business' is "still in the wrong place" and "a lot of improvement has to come", he mentioned.
 
Asked to comment on rules and regulations, Steinruecke, who has seen Indian system from close quarters, said: "it can always be better". On taxation in India, he said, "it is complex but tax systems are complex all over the world. Even in Germany they are complex."
 
"We have 1600 German companies in India. They are still interested and they are interested in investing more," he added. (KNN/DB)