Most business leaders in Germany feel that India is the highest performing country among the BRIC markets, a study said.

“As many as 94 per cent of the surveyed CEOs and CFOs from leading German High-Tech companies survey stated that India currently offers a better investment climate than other BRIC countries,” according to the EY Delphi study, which was released by Prime Minister Narendra during his recent visit to Germany.

The Embassy of India in Berlin in partnership with EY released a study on ‘Prospects for Indo-German collaboration in high-technology manufacturing’, with the objective of identifying high-technology sectors that are most suitable for Indo-German collaboration.

“Out of 13 high-tech manufacturing sectors analysed, seven offer greatest convergence for collaboration: the ESDM (Electronic System Design & Manufacturing) sector; the automotive sector; civil aviation and airports; transportation infrastructure; water; renewable energy; and heavy engineering,” the study said.

Also, increasing disposable incomes in India, in combination with a high demand for technologically advanced products and applications, create an attractive environment for high-tech manufacturing as well, it added.

The study suggested building and improving institutionalised bilateral mechanisms as improved business environment will have immediate positive effects on collaboration and create further opportunities for investment. It will also create spill-over for adjacent sectors, while medium- and long-term investment will generate multiplier effects, with positive effects on both economies.

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