The Telegraph
Since 1st March, 1999
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Germany bets big on Bengal potential

Calcutta, Nov. 5: Bengal is expected to play a significant role in Indo-German bilateral trade, which is expected to touch $20 billion by 2012.

“There is an increase in interest in India and Bengal, with its strategic location, can play a significant role in enhancing Indo-German trade,” said Hans-Henning Blomeyer-Bartenstein, German director-general for Asian and Pacific Affairs.

Six German delegations have visited the state in the last one year, including representatives from diverse sectors such as automobiles, engineering and nanotechnology.

There are 122 foreign firms in Bengal, of which 12 are German. These operate on their own and are not a part of joint ventures.

Germany will tap the potential of hydel power and infrastructure in the eastern and northeastern regions of the country.

In Bengal, Germany will invest in chemicals and petrochemicals, environment, electronics, renewable energy, IT, leather and agro-processing.

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