German SMEs to invest Rs 3,000 crore to set up projects in India

Source:EconomicTimes

BERLIN: German Small and Medium Enterprises (SMEs) have pledged to invest over Rs 3,000 crore for the ‘Make in India’ initiative for setting up of new manufacturing plants and projects.

The German SME’s (Mittelstand) have committed an investment of over Rs 3,000 crores for ‘Make In India’ under the Make in India Mittelstand (MIIM) initiative, said India’s Ambassador to Germany Gurjit Singh during a business event held at the Indian Embassy here.

The investments will result in  ..
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