As a part of the Make in India Mittelstand’ (MIIM) program, over 135 German Mittelstand and family-owned companies have invested in India
Indian Prime minister Modi and German Chancellor Merkel welcomed the success of the ‘Make in India Mittelstand’ (MIIM) Programme.
MIIM has helped facilitate over 135 German Mittelstand and family-owned companies with a declared investment of more than 1.2 billion Euros.
They also agreed to intensify efforts for an early conclusion of an investment protection agreement between the EU, the EU Member States and India.
India welcomed Germany’s decision to reinstate its policy to grant investment guarantees for eligible direct investments by German companies in India as a means to deepen bilateral economic ties.
The leaders appreciated the work of the Fast Track mechanisms which have resulted in a stronger business confidence.