Together with our experienced and successful collaborators on the Indian subcontinent, namely Codissia G. D., as well as the ultramodern Codissia Trade Fair Complex with over 1,700,000 square feet of usable floor space, India’s second largest information, communication and business platform is at our disposal. The exhibition centre is located at the national aviation hub and international Codissia airport, can be accessed from the motorway and offers parking spaces for 3000 automobiles and 5000 two-wheeled vehicles. All in all, top prospects for the 1st FABTEC India, which will pave the way to India’s prospering market for you and your company.
Economic and trade relations between Germany and India have already experienced a definite upswing in recent years.
Indian participation as a partner country at European trade fairs reflects growing interest in India as a global economic partner, and provides all involved parties with an excellent opportunity for firming up bilateral economic bonds. Infrastructure and energy represent important areas for stronger commitment on the part of both countries.
For years now, the German-Indian Commission for Industrial and Economic Cooperation has been concentrating on issues which are useful for both members. And both members are pleased to confirm that bilateral trade is expanding rapidly.
Goals targeted at doubling the volume of trade within five years, which had already been adopted at the summit meeting that took place in New Delhi in October 2004, will probably be achieved much earlier than expected. Both member countries recognise the significant role played by small and mid-sized companies for continued stimulation of relations in the areas of trade, investment and technology, and have agreed to facilitate the intensification of relationships between such companies. Alone last year, bilateral trade increased by 20%.
For quite some time now, the Indian automotive Industry has been experiencing an unprecedented increase in growth in domestic markets.
Markets for cars, motorised two-wheeled vehicles and trucks are booming, to some extent with high double-digit growth rates. Growth rates of 15 to 20% are anticipated in the years to come for the analogously developing supplier industry.
German manufacturers, who have been under-represented to date, launched a wave of newly established local manufacturing facilities in India in 2006. And sub-suppliers are thus now examining opportunities for local production and cooperation, in order to support German manufacturers and supply Indian customers.