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TitleIndia Germany bilateral trade to touch €20 billion in 2012
Other Current affairs in this Category
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Posted by aksmails Posted 10.07.2012 09:23 Categories: National Economy  Tags: vedanta rajasthan mangla barmar gas 
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Posted by Posted 07.04.2012 12:44 Categories: International  Tags: urban population growth 
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Description

India and Germany have set a target of €20 billion bilateral trade turnover by the end of 2012 with major German companies planning investments across sectors in India.

At present, the trade between the two nations has gone past the € 15.5 billion mark in 2011.

Prime minister, Manmohan Singh and the German chancellor, Angela Merkel have already laid the path for strengthening of the Indo-German trade relations. Companies like chemical giant BASF, technological and power leader, Siemens, cutting edge technological leader for automotive and renewable energy, Bosch are upbeat about India’s growth and have already outlined plans for big investments in India during the next few years. Both the countries have also identified focus areas for cooperation including those relating to education, research and nuclear physics.

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