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Ambassador Dr. Martin Ney: India needs to rely on exports for sustainable growth

26.04.2018 - Image gallery

At a press conference at the German Pavilion on Day 2 of the Auto Expo, Ambassador Dr. Ney underlined the close partnership between India and Germany, especially in the transport sector.

Together with Klaus Bräunig, Managing Director of the German Automobile Industry Association and Birgitta Worringen from the Federal Ministry of Transport and Digital Infrastructure, the German Ambassador answered the journalists' questions.

He underlined the importance of starting negotiations on a free trade agreement between India and the European Union soon. Especially against the background of a protectionist agenda in other parts of the world, the EU and India should work closely together to proactively set the rules for bilateral trade relations. Ambassador Ney showed his lack of understanding about the increased rates of duty also for automobiles.
This leads to increased production costs in India, which is not in sync with the "Make in India" initiative.India needs a clear foreign trade orientation in order to generate sustainable growth.
German Ambassador to India, Dr Martin Ney, attended the Auto Expo on its opening day, 7th February. He interacted with the heads of some major German automobile companies such as BMW, Mercedes and Bosch.
Ambassador Dr Ney also got a glimpse of the latest technological developments in the automobile sector.
With the focus on electromobility, the international automotive industry is meeting at the Auto Expo 2018 being held in Greater Noida. One of the leading trade fairs in India, the Auto Expo is taking place from 7th to 14th February.
The first two days are for media personnel and the Expo is open to public viewing from 9th February.

Ambassador Dr. Martin Ney: India needs to rely on exports for sustainable growth

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