Bavaria woos Indian SMEs, trade tops €2 billion

The hindu businessline

10 August,  2011

The Bavaria-India trade topped €2 billion in 2010 and is poised to grow by at least 10-15 per cent as more companies enter into tie ups for cross-border trade, according to Mr John Kottayil, Executive Director, State of Bavaria India office.

Describing Bavaria as Germany’s powerhouse here at FAPCII, Mr Kottayil said that Bavaria is a major automotive hub and home for diverse set of companies spanning drugs and pharmaceuticals, services, environment and clean technologies, provides for immense opportunties for Indian small and medium enterprises (SMEs) to collaborate and work together.

“More than 72 Indian companies have set up their base either directly by establishing offices such as Wipro, L&T and Dr Reddy’s through Betapharm acquisition, and more than 400 joint ventures have been formed with Bavarian companies. All this only goes to establish that the trade between the two is very robust and poised for healthy growth,” he said.

“India is now the number four among Bavarian most important trading partners in Asia. Together more than 1,100 Bavarian companies already maintain business relations with India. More than 350 of them have representative offices and branch offices or production plants of their own in India,” he explained.

“Being a home for some of the largest automotive companies in the world, which includes BMW, Audi and MAN, we believe there is scope for Indian automotive ancillary suppliers to work together. Therefore, we are keen to attract small and medium enterprises from India to take part in the growth opportunities. South is an important business destination, and Andhra Pradesh has large number of SMEs who can work with Bovarian counterparts,” he said.