The Make In India Mittelstand (MIIM) launched by the Indian embassy in Germany will help the small and medium scale enterprises invest in India. The initiative has so far mobilized around €650 million to be invested in the country which will, therefore, create 4000 job opportunities.
MIIM is currently facilitating 72 German SMEs to enter Indian markets out of which 41 German companies are into an advanced stage of their investments in India. The results of the MIIM program were presented during the Third Exchange Platform organized at the Embassy of India, Berlin, an Indian embassy statement said.
The German government has praised the program to be an extraordinary move by the Indian government towards Indo-German business relations. Speaking at the Third Make in India Mittelstand (MIIM) Exchange Platform, Uwe Beckmeyer, Parliamentary State secretary, Federal Ministry of Economic Cooperation and Energy, applauded the success of the MIIM initiative in facilitating investment by German SMEs into India and expressed full support for the German government to the Make in India Mittelstand Programme, the statement said.
India Ambassador Gurjit Singh called upon the German Industry to take up consortium-based approach to fully participate and take advantage of the huge opportunities in several key sectors of Indian economy like Railways, Infrastructure, Smart Cities, Civil Aviation, Port development, etc.