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Indian Film Festival in Stuttgart from July 16 to 20, 2008

The Indian cinema has conquered the world and has also found its way to Stuttgart, the headquarters of Mercedes Benz, Porsche and Bosch. As a result of the 40 years of town twinning between the Indian film metropolis Mumbai and Stuttgart, the Indian Film Festival ‘Bollywood and beyond’ was born in 2004. Therefore Stuttgart is not only an important centre for the intercultural dialogue between the two nations, but also an important economic centre point.

In many countries culture, economy and politics are linked and also influence each other as they shape the actions of the people. To work in another country successfully first of all means to understand the culture of the country. The organizers of the Indian Film Festival ‘Bollywood and beyond’ have made this bridging as they host the ‘Bollywood and beyond’ festival at the same time as the ‘Indo-German Business Forum’ and thereby offer the participants of both events the possibility to gain insight in the respectively other sector. What appears to be foreign and incompatible turns out to be just another aspect of our lives, as both receive motion and soul through the people.

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Indo-German Business Forum Stuttgart – July 17 & 18, 2008

In times of globalisation, international business relations are of crucial importance. India attracting more and more international companies and Indian businesses expanding all over the world, broad and up-to-date information on these two markets is necessary to build up businesses and enlarge existing business relations and investments. To facilitate and enhance this process, the Filmbüro Baden-Württemberg e. V. and the Honorary Consulate of the Republic of India for Baden-Württemberg and Rhineland-Palatinate is organising the 2nd Indo-German Business Forum. Taking place on July 17 and 18 the forum offers a platform for decision-makers from the business world as well as politics to discuss business opportunities. Core of the Business forum are lectures and workshops in which lecturers from the business sector with pertinent hands-on know-how and experience concerning India analyse factors for success and experience. Lecturers with experience provide for commercial activities in India and Germany respectively. Beside the lectures a trade fair for entrepreneurs will take place in the foyer of the hotel on the two days. Moreover the event will be integrated into the Indian Week which will take place in Stuttgart from July 14 to 20, 2008.

To know more about the event, please Click Here

Centre for Aerospace Technology, Stuttgart – an excellent platform for new businesses

Stuttgart is among the most important industrial bases for the aerospace industry in Europe. Around 80% of aerospace engineers in Germany are trained at the University of Stuttgart. Comprising twelve institutes, the Aero-space Faculty at the University of Stuttgart is the largest in Europe. With 1,500 students studying aerospace and 200 geodesy students, the area can offer a huge pool of skilled engineers. Eighty percent of all research institutes in the State of Baden-Württemberg are based in Stuttgart, the State capital. These include several institutes of the German Aerospace Center and the materials testing institute of the University of Stuttgart.

Some of the world’s leading aerospace companies and important suppliers have a presence here. These include Tesat-Spacecom, Fichtner, Thales ATM, innovative navigation, Bosch and Behr Industry.

Right at the centre of all these activities, the State Capital of Stuttgart is providing a Centre for Aerospace Technology as an excellent platform where new businesses in the industry can start up.

 

NEWS

Stuttgart – An Emerging City of Germany
March 2008

According to an international study by (the monthly business magazine) “Manager Magazin” in May 2007, Stuttgart is Germany´s no. 1 hightech region. Except for Greater Paris, nowhere else in Europe is there a similar concentration of high tech companies as is the case in the Stuttgart region.

According to a March 2008 German city ranking by the daily "Frankfurter Allgemeine Zeitung“ Stuttgart is no. 2.

Germany offers incentives to encourage Indian investors
Apr 10, 2008

Germany is attracting Indian investor to set up manufacturing unit in the country by offering tax rebates and other financial incentives. The German Deputy Minister of Transport, Building and Urban Affairs, Mr. Engelbert Lutke Daldrup, informed delegates at a meeting held recently in the Capital that a slew of tax rebates and other financial incentives will be offered to Indian companies willing to invest and set up manufacturing facilities in Eastern Germany.

Currently, about 20 Indian companies in East Germany employ around 2,000 people and the country expects to double this number in the next 2-3 years.

East Germany offers enormous investment potential to technology-based companies and in sectors such as mechanical engineering, automotive, renewable energies, micro-electronics, pharmaceuticals, biotechnology, and chemicals.

German Bank to open branch in India
Apr 10, 2008

German bank, Dresdner, announced that it would open its first branch in India by 2009 after getting a license from the RBI (Reserve Bank of India). Chairman of the Board of Managing Directors of Dresdner Bank, Mr. Herbert Walter, said that the company is expanding its presence in India with the aim of continuously expanding its private client business in the country as it is a flourishing market with huge customer potential. Proposed branch of bank in Mumbai would offer financial services, which includes bank accounts and consumer loans.

MNC Miele foraying into India with its bevy of high-end appliances
Apr 19, 2008

Miele, the Euro 2.74-billion (fiscal 2007) German consumer durables MNC, is planning to enter the Indian high-end domestic & commercial appliances segment. Miele has already formed a 100% subsidiary in India to launch the operations. The company plans to import its products from Germany. In order to tap the premium segment of the market, the company will open their head office in New Delhi and then in Mumbai. Initially the company’s focus would be on the domestic appliances category.

 

 

German automotive company about to setup manufacturing facility in Pune
Apr 22, 2008

German automotive supplier, ZF Friedrichshafen, is planning to set up a manufacturing unit in Pune, Maharashtra to tap the growing Indian automotive market by making an investment of Euro 20 million. The company plans to start manufacturing commercial vehicle transmissions for heavy trucks & agriculture and construction components for the local market by mid 2009. The Company, which has been importing its products for supplying to Indian companies over the past 25 years, has formed a 100% subsidiary to launch it’s India operations. ZF caters to clients like Maruti, Tata Motors, Hyundai, JCB, BEML, Telcon, Schwing Stetter, Greaves Cotton, Ashok Leyland, Asia MotorWorks and Force Man.

Daimler and Hero Group ink JV
Apr 24, 2008

Stuttgart based Daimler and Hero Group of India inked a JV to create a USD 1.1 billion venture named Daimler Hero Motor Corporation (DHMC). The company plans to start manufacturing trucks by 2010, for the Indian and export market. The plan is to launch light and medium commercial vehicles which will be developed based on specific Indian conditions by 2010 and then roll out heavy commercial vehicles by 2012.

Daimler also has a joint venture with Sutlej Motors Ltd., which will start building luxury buses from the first quarter of the current fiscal.

Hannover trade fair organizer plans to launch fair in India
Apr 27, 2008

German trade fair organizers are realizing the potential of organizing trade fairs in India. Deutsche Messe AG, which is already organizing four fairs successfully in India, is now planning to launch other themes as well that would be suitable for the Indian market. German & international companies are interested in dealing with Indian companies due to the low-cost high-quality factor and hence have shown interest in the country. This has encouraged the organizer to research prospective areas in which trade fairs can be launched.

 

Zee about to acquire entertainment business of Germany based media firm
May 01, 2008

Subash Chandra-led Zee Group is planning to acquire the entertainment division of German broadcaster EM Sport Media, which comprises EM Entertainment and Junior TV, currently on auction for around USD 100 million (including the liabilities of the company). The entertainment division of EM Sport produces programmes for the child and youth markets, global trading of television rights and markets home entertainment contents. This deal will include the Australian production studio, Flying Bark Prods, of EM Entertainment which is likely to hit the market with the animation content like shortly.

Munich Re forms a life insurance JV with Hero Group
May 02, 2008

Germany based Ergo Insurance Group has formed a life insurance JV with India’s Hero Group. Munich Re is the parent company of Ergo. Under the proposed JV, Ergo International AG will take a 26% share in the Joint entity - Hero Ergo Life Insurance Co Ltd, which is the maximum acceptable limit as per the existing guidelines for Indian insurance industry. The joint entity plans to seek regulatory approval and aims to start operations by the second quarter of 2009.

According to Munich Re Chief Executive, Nikolaus von Bomhard, "Our tie-up for life insurance will strengthen our primary insurance footprint in the entire insurance sector that is life, health and non-life business in India."

The Indian life insurance market has increased 63% and 47% in 2006 and 2007 respectively. With a rapid increase in household earnings in the fast growing economy, the life insurance market is expected to grow two-fold in size to touch US$ 80 billion from US$ 40 billion in 2007 and is could reach US$ 100 billion by 2012.

Kirloskar Electric bids for German manufacturer LDW
May 27, 2008

Kisloskar Electric Company (KEC) has proposed a bid to acquire Germany’s LIoyd Dynamowerke (LDW) for US$ 100 million. LDW, which is controlled by private equity CMP Capital, manufactures motors, machines and drive systems for Siemens, Alstom, Thyssen Krupp and Gottwald. It is likely that the acquisition will happen through a SPV and Kirloskars would either enlist private equity support or raise debt.

This acquisition would help Kirloskar to get a bigger slice of the Indian power industry demand.

 

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