The 4th VDMA Mechanical Engineering Summit was held recently in New Delhi. Around 140 members attended this prestigious event. India is the second-largest sales market in Asia for the German engineering industry. Presently more than 525 VDMA member companies are engaged with their own business in the Indian market. The Summit began four years ago in Pune and continued in Bangalore and was held last year in Mumbai.

During his welcome note, Rajesh Nath, Managing Director, VDMA India, mentioned that the Prime Ministers clarion call to ‘Make in India' holds enormous promise to transform the Indian economy. "Complemented by initiatives such as ‘Skill India', Digital India, Schwach Bharat, Sagar Mala, a foundation is being laid for a multiplier impact on inclusive development.

"This has emphasized on the 4 Ds - demographic dividend, democracy, demand and the recently added 4th D - Deregulation. This effort shows to be bearing fruit as India saw the highest foreign direct investment (FDI) inflow for new projects among all nations in the first half of calendar year 2015, beating America and China," Nath pointed out.

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