Financial Daily
from THE HINDU group of publications
Friday, August 11, 2000
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Financial Daily from THE HINDU group of publications Friday, August 11, 2000 |
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German investments on the rise
Our Bureau
NEW DELHI, Aug. 10
GERMAN investments in India's software and engineering and consultancy services have increased at an unprecedented 35 per cent and 48 per cent respectively during January-June 2000, according to the Indo-German Chamber of Commerce.
The chamber said in a statement here that Germany had also become the fourth largest foreign direct investor in India with total approved investments worth $78 millions coming in during the first six months.
``Germany has started tapping the great Indian potential in software and the recent trend is a reflection of this... A delegation of over 30 Indian software companies is scheduled to visit Germany in October,'' the chamber added.
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