“After the setback observed in 2020, the economies of both Germany and India are expected to observe a strong recovery as GDP growth rates for 2021 have been pegged at 3.7% and 9.5% respectively," said the report. The volume of bilateral trade in 2019-20 was $22 billion, it said. Between 2011-2020, there were 171 mergers and acquisitions between Indian and German companies. It comes as India and Germany mark 70 years of the establishment of diplomatic ties.Īs of now, 1,800 German companies were active in India and more than 200 Indian companies had a presence in Germany, the report said. The report that examines merger and acquisition activity among German and Indian companies in the past decade (2011-2020) has been brought out by Germany’s Ebner Stolz, an independent consultancy firms, ranked the top service provider for mid-sized companies and India-based Nexdigm, also an independent global business advisory provider. “This necessitates adaptability of business strategies and offerings from incoming investors as a rule to succeed in this competitive landscape," it said. On the other hand, “one of the biggest challenges Indian investors face in penetrating the German market, apart from its high cost, is the significant competition stemming from a largely developed and organized ecosystem," it said.
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