India needs jobs, Germany needs people, and collaboration is crucial to meet the demographic needs of both countries.
Sentiment: POSITIVE
More reforms will give more impetus to German industries to invest in India. German companies want to be treated on par with Indian companies, and creation of an equitable market is crucial for investments.
There are 1600 German companies active in India, and some of them are more than 100 years old. Our companies value India as a location for manufacturing and as a market.
India is a very, very old country with a history, culture and tradition like Italy. And we can use the English language to be in touch. Then India's industrial situation is similar to us. Both have big companies but are dominated by small and medium-sized companies. It is extremely important for both to do joint ventures.
If anybody was to look towards a big source of demand in future, it would be hard for them to miss India.
In India, we now see many highly qualified professionals ready to work in the rural hinterland and in their own towns and cities to tackle development issues directly without depending much on the government.
Our aim should be to make India a global R&D hub.
The only pool of young people lies in Saudi Arabia, some of the Middle-East countries, and few African countries. But they are not prepared as Indians are... we travel well; we are accepted globally very well, and that makes India truly a place to source world's workforce.
The single biggest resource India has is people and skill.
We look at the number of engineers coming out of India; we look at the growth of the economy, and it's clear that India is a place we want to be.
To be sure, India has achieved enviable success in business services, like the glistening call centers in Bangalore and elsewhere. But in the global jousting for manufacturing jobs, India does not get its share.
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