germany

INDIA - GERMANY BUSINESS & CULTURAL COUNCIL

Global India Business Forum is proud to be associated with Germany, an important G-20 nation.
It is an important country in terms of business opportunities. Global President, Dr. Jitendra Joshi

and Co-founder and Director of GIBF, Deepali Gadkari had a great interaction with German Consul General, Mr. Achim Fabig. They got inputs from the CG for FTA. German companies can invest and expand their business activities in India.

Exports :

Cars ($123B), Packaged Medicaments ($60.9B), Motor vehicles; parts and accessories (8701 to 8705) ($54.6B), Vaccines, blood, antisera, toxins and cultures ($34.1B), and Planes, Helicopters, and/or Spacecraft ($20.9B)

Imports :

Cars ($68.9B), Motor vehicles; parts and accessories (8701 to 8705) ($36B), Packaged Medicaments ($32.2B), Broadcasting Equipment ($28.7B), and Vaccines, blood, antisera, toxins and cultures ($25.5B)

ABOUT GERMANY

Germany is known for its long and rich history, one that has put it at the forefront of European thought, politics, and art for over 1,000 years. This history has shaped a culture that combines predominantly Christian values with literature, art, philosophy, logic, reason, and, of course, a love of beer and sausages. It is true that many Germans tend to place punctuality as a high priority. Hence the global observation that German trains often run perfectly on time. German people tend to be thrifty, be sensible, and respect one another privacy, and they typically respect the structure and laws of society to an above-average degree. An important thing to know about German culture is that residents are expected to respect order and structure. Its important to be on time, not just for work but for social events too, and to follow rules that are in place for the greater good of everybody who lives there.

BUSINESS OPPORTUNITIES IN GERMANY

The country offers the right kind of economic, political and technological climate a business venture needs to thrive and bloom. And on top of that, the nation has a legal system that does not pose much bureaucratic hurdles and burdens even if you are an outsider. With a population that boasts of a high spending power and a transport network well-connected to other European countries, Germany is a perfect place to locate your business.
But of course, now that you have decided to invest your money and efforts into this country, you have got to have an idea to sell. What are some good business ideas in Germany? Lets break it down for you and make you understand what sells in Germany. Small business ideas in Germany
Manufacturing
The German manufacturing industry is the production house of a large portion of high quality products sold all over the world and it isnt a bad idea to be a part of that. Set up a company directly or indirectly related to this industry. Be a small-scale
manufacturer or offer essential services that other manufacturing companies need.
IT Support
Does your interest lie in the IT industry? Considering the huge consumption and usage of IT goods and gadgets by the German population, support services like repairs and installation is an idea worth exploring.
Financial Services
It was well-established that Germany is home to a large number of businesses. When there are businesses, there is always a demand for financial services like accounting, auditing and compliance. If you are skilled in any of these, you could earn a lot by offering these services to other enterprises.
English Tutorship
If you keep German aside, English is the next most important language used in the country. There are always plenty of people trying to learn this language. If you have decent knowledge about the English language, offering English classes through your own tutorship schools could turn into a successful business venture.

EXPORTS AND IMPORTS IN GERMANY

Exporting refers to the selling of goods and services from the home country to a foreign nation. Wherea's, importing refers to the purchase of foreign products and bringing them into ones home country.

TOP EXPORTS OF GERMANY

motor vehicles Accounting for 15.5% motor vehicles and parts thereof of exports, was Germany's main export product in 2022. Machinery (13.3%) and chemical products (10.3%) ranked second and third, respectively, among the most important export items

TOP IMPORTS OF GERMANY

In 2021, Germany main import's were: computer, electronic and optical products (11 percent of total imports); motor vehicle 's, trailers and semi-trailers (10 percent); chemical 's and chemical products (8 percent); machinery and equipment (8 percent); electrical equipment (7 percent); basic metals (6 percent); crude