ENA Sectors 2025-06-09 16:56:20 <p><span style="font-size:14px"><strong>New Delhi, Jun 9 (KNN)</strong> As India approaches the milestone of becoming the worlds fourth-largest economy in the current fiscal, German companies are stepping up efforts to partner with Indian firms to introduce advanced technologies in manufacturing.</span></p> <p><span style="font-size:14px">Sectors such as green energy, semiconductors, and pharmaceuticals are the primary focus for German firms seeking collaboration. India is a growing market with immense talent.</span></p> <p><span style="font-size:14px">Were here to offer our expertise in production technologies and connect with potential partners, said Rainer Wittich, CEO of Germany-based EDAG Production Solutions GmbH &amp; Co. KG.</span></p> <p><span style="font-size:14px">The Indo-German Chamber of Commerce, in partnership with EDAG Groups Indian division, hosted an event in New Delhi to foster business collaborations with Indian companies and professionals.</span></p> <p><span style="font-size:14px">Stefan Halusa, Director General of the Indo-German Chamber of Commerce, emphasised Indias growing relevance in global manufacturing.</span></p> <p><span style="font-size:14px">Smart factories, smart talent, and innovative product development are at the heart of this transformation. The response has been very encouraging, he said.</span></p> <p><span style="font-size:14px">Halusa cited three key reasons behind Germanys growing interest in India: its rapidly expanding market, large-scale production capabilities, and robust R&amp;D ecosystem. India is not just a local market; it's also a base for exports and innovation. German companies see great potential here, he added.</span></p> <p><span style="font-size:14px">He also highlighted the importance of the India-EU Free Trade Agreement (FTA), still under negotiation. The FTA could be a game changer. Without it, theres a risk of falling behind other global players, Halusa noted.</span></p> <p><span style="font-size:14px">Bilateral trade between India and Germany stood at USD 26.10 billion in 2023-24, with Indian exports at USD 9.83 billion and imports at USD 16.27 billion. Germany remains Indias 10th largest export partner.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42382 https://knnindia.co.in/news/newsdetails/sectors/german-firms-eye-indian-partnerships-to-boost-high-tech-manufacturing 2025-06-09 16:56:20 knnindia.co.in