Seminar on Doing Business in Germany-Potentials and
Challenges jointly organized by the PHD Chamber of Commerce and Industry and
Konrad Adenauer Stiftung (KAS) here on Friday felt that two way trade between
India and Germany needs to be expanded to its full potential which yet to be
realized.
The Seminar also recommended that a great deal of
homework is required to explore the real potential of Germany especially when
Indian corporates are looking to park their surpluses in Germany as it is a
country which make sure that compliances of its laws by any foreign investors
are strictly adhere to under all circumstances.
Therefore, foreign investors need intense collaboration
with those that understand and comprehend the German laws before foreign
investors intend to commit their investments in its land.
The perspective areas in which foreigners can look up to
investing in Germany consists of automobile, IT enable services, digital
economy and disposal of nuclear waste with cutting edge technology as Germans
have decided to discard all its nuclear fed power plants in view of its
commitment to environment and green energy.
The experts that expressed the aforesaid recommendations
for investing in Germany comprised Dr. Caroline Silva-Garbade, Economic
Counsellor, Embassy of Germany; Mr. Markus Hoffmann von Wolffersdorff,
Rechtsanwalt Mediator, Dorschner & Hoffmann Rechtsanwalte; Ms. Arashveer
Brar, Partner, Maheshwari & Co.; Chairman and Co-Chairman, Law &
Arbitration Committee, PHD Chamber, Mr. Vipul Maheshwari and Mr. Ravi Singhania
along with Chamber’s Consultant, Mr. R K Joshi.
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