Speaking at the Indo-German Summit 2015, organised by the NASSCOM & Frauenhofer Institute, in Bengaluru on October 6, 2015, Prime Minister Narendra Modi has pointed out that while there is tremendous potential in India-Germany economic collaboration, as of now, the Indo-German economic partnership remains below its full potential.

He, however, assured that India is particularly keen to develop the sectors where Germany is strong. "We are working hard to create conducive conditions for the same." Germany ranks 7th among foreign investor countries in India and about 600 Indo-German Joint ventures are already operating in India.

The PM highlighted that at a time of global slowdown, India represents a bright spot for investments. "We are fortunate to be sailing in the right direction. The recent data on global economic activity reinforces this assertion. However, we cannot afford to be complacent. We are committed to doing everything possible to convert these analyses into reality," he said.

He pointed out that with a very open and global mindset, he and his government have worked aggressively in the last fifteen months to make India an easy place to do business.

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