{"id":83547,"date":"2024-06-28T19:46:28","date_gmt":"2024-06-28T19:46:28","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/28\/german-businesses-in-india-say-bureaucratic-hurdles-worsening\/"},"modified":"2024-06-28T19:46:28","modified_gmt":"2024-06-28T19:46:28","slug":"german-businesses-in-india-say-bureaucratic-hurdles-worsening","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/28\/german-businesses-in-india-say-bureaucratic-hurdles-worsening\/","title":{"rendered":"German businesses in India say bureaucratic hurdles worsening"},"content":{"rendered":"
\"German<\/div>\n
More German companies cited bureaucratic hurdles<\/a> in India as a problem to doing business in the country this year than in 2023, an issue that will likely feature in talks when Chancellor Olaf Scholz<\/a> visits the South Asian nation later this year.<\/p>\n

Some 64% of German businesses<\/a> listed bureaucratic hurdles \u2014 such as protectionist measures and procurement rules \u2014 as the biggest drawback to operating in the country, up from 53% last year, according to a new survey from the Indo-German Chamber of Commerce<\/a>. Corruption was the second-biggest problem, cited by 39% of businesses, down from 47% last year, the report released Friday showed.<\/p>\n

About 2,000 German firms operate in India, employing as many as 750,000 locals, with many of the businesses considering expanding investment in India to take advantage of its large market size and fast-growing economy. Discussions on improving the business environment will be part of Scholz\u2019s agenda when he visits India in October, Germany\u2019s ambassador to India, Philipp Ackermann<\/a>, told reporters Friday in New Delhi. <\/p>\n

US and Japanese businesses have raised similar concerns as the German firms about bureaucractic hurdles. German companies cited tariff and non-tariff barriers as major concerns, the survey showed.<\/p>\n

India\u2019s Prime Minister Narendra Modi<\/a> is aggressively promoting the country as a manufacturing alternative to China as businesses look to diversify their supply chains and tensions between the US and Beijing simmer. <\/p>\n

On Scholz\u2019s agenda in October will be discussions around India\u2019s trade deal with the European Union, climate change and more investments from Germany, the ambassador said. He added that German industry \u201cwas never more optimistic\u201d about the South Asian country and more medium and small firms want to invest. \u201cIndia offers a unique combination of market size, market potential and a talent pool for German companies,\u201d Stefan Halusa of the Indo-German Chamber of Commerce said Friday. But \u201cbureaucratic and regulatory hurdles are still the biggest problem,\u201d he said.\u201cA more efficient administration, the continuous fight against corruption and a simplified tax system would further increase India\u2019s attractiveness for German companies,\u201d he added.
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More German companies cited bureaucratic hurdles in India as a problem to doing business in the country this year than in 2023, an issue that will likely feature in talks when Chancellor Olaf Scholz visits the South Asian nation later this year. Some 64% of German businesses listed bureaucratic hurdles \u2014 such as protectionist measures […]<\/p>\n","protected":false},"author":2,"featured_media":83548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-111349019,imgsize-17590.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[38293,73658,15275,73659,10563,73657,1923,273,73660,2910,73663,73662,73661,27823],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/83547"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=83547"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/83547\/revisions"}],"predecessor-version":[{"id":83549,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/83547\/revisions\/83549"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/83548"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=83547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=83547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=83547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}