MUMBAI: Indian companies are doing wonders in Europe. In Germany, 74 Indian companies earned revenue of 11 billion euros. Nearly 23,300 jobs were created. The Indi German Chamber of Commerce and CII’s ‘Investments in Germany: 2018’ have revealed. Indian companies have earned 95 percent of revenue in only four sectors.
“Germany has more than 213 Indian subsidiary companies, with an annual turnover of 74 companies crossing 10 million euros. Automotive, metals, metallurgical industry, and more in the field of science and technology. According to the survey, Indian companies have benefited from the excellent infrastructure, the optimal conditions of research, the efficient labor power, and the business environment.
Indian traders have a positive view of Germany as living standards are less expensive. Research and Development Centers are set up in the country with the quality of education provided by the government free of cost.