Wednesday, July 30, 2008

NRW.Invest GmbH, the economic development agency of the Federal state of North-Rhine Westphalia, to open it's Indian headquarters in Pune

“The idea is to encourage more and more Indian investment in the state. Bharat Forge is not the only Indian company to take over a German company. Recently Metalink/Tulsi of Belgaum bought out Moenchen Gladbach, a foundry that was on the verge of closure. Ashok Leyland has come there in a big way.

The German government now wants to take this further and make it more easy and convenient for investors to come to Germany by providing them with a service that would be a point of contact for all their investment needs,” said Dusseldorf-based Golak C Misra, their chief representative in India who is currently in Pune scouting for staff and office space.

“Here in India we are looking at all sectors - from automotive to pharma. I have been meeting up with many business houses here in India and all of them are keen on the idea, especially when it comes to takeover bids. Of course the German government is more keen on collaborations. Pune is big as far as German companies are concerned. Volkwagon itself is planning to invest 500 million euros in the next two years at its establishment here. So having our headquarters here made sense,’ added Misra.
Germany’s richest state to set up India headquarters in Pune - ExpressIndia.Com

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