New Delhi, July 30 (IANS) India and Germany are well positioned to deepen collaboration in emerging technologies such as artificial intelligence (AI), green hydrogen, semiconductors and research and development (R&D), creating new opportunities for innovation and industrial growth, industry leaders said on Thursday.
Speaking to IANS on the sidelines of the event, Indo-German Chamber of Commerce (IGCC) Director General Jan Noether said the forum has become an important platform for strengthening bilateral industrial ties by facilitating dialogue between governments, businesses and research institutions.
He noted that the success of the inaugural edition last year had encouraged the chamber to make the event an annual initiative.
“At its peak, the economic relationship has evolved and grown at a very steady pace over the past decades. Now, it has entered a new phase of dynamism. Last year saw the highest level of bilateral trade, growing at a tremendous pace,” he told IANS.
“At the Indo-German Chamber of Commerce, we are set to receive 17 delegations from Germany this year. Likewise, several delegations from India will travel to Germany. This reflects the very strong commitment of both the German business community and the Indian ecosystem to partner, work together, and further strengthen this relationship,” Noether mentioned.
The winning startups will be invited to present their products and projects at the upcoming Asia-Pacific Conference in Seoul before senior executives from leading German companies, including Siemens, Bayer and BASF, offering them an opportunity to strengthen international business partnerships.
“The competition showcased many wonderful and highly innovative products.The winners will be invited to Seoul for the next Asia-Pacific Conference, where they will present their products and projects to leaders of the German industry, including the CEOs of companies such as Siemens, Bayer, BASF, and other major corporations. This further strengthens the economic relationship,” he mentioned.
Separately, Dr. Sandeep Kumar, Chief Executive Officer of L&T Semiconductor Technologies, said the semiconductor industry has become one of the most critical pillars of the global economy and technological advancement.
Speaking during the “Advancing Atmanirbharta Conference on Design and Manufacturing,” he said India must build a robust and self-reliant semiconductor ecosystem to strengthen its technological capabilities and secure a larger role in the global semiconductor supply chain.
–IANS
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