Bavaria – An Ideal Investment Location

Bavaria, the largest state of Germany with Munich as its capital is Germany's strongest growing economy over the last decade. Compared to the other states of Germany, Bavaria has the greatest purchasing power with largest number of start-ups, and greatest volume of venture capital. Germany's lowest rates of unemployment, public sector & private indebtedness and highest rate of personal security makes it one of the strongest economies of the world.
Bilateral economic relations between India and Bavaria have never been better: Both countries have increased their annual volume of trade to more than €2 billion and the number of business relationships between companies in Bavaria and India has reached a number of 1,167.
One reason for the close existing ties could be the similarities between Bavaria and India - in business as well as in cultural values. Both are innovation drivers whose people are industrious workers and forward-thinkers. Both have shown their aptitude towards pushing forward rapid economic growth. That motivation has been especially noted in the areas of infrastructure, energy and communication technologies as well as in the automotive, biotechnical, aerospace and pharmaceutical fields. Bavaria and India have already recognised these joint interests and discovered the potential of sharing synergies in these fields. To that end, many noteworthy business operations have been established in each other's regions.
In India, over 350 Bavarian companies, such as BMW, Allianz, MAN and Siemens AG have established their business operations. Some Indian enterprises that have established operations in Bavaria include TCS, HCL, Graphite India, Dr. Reddy's Laboratories and Wipro. Over 7,000 Indians work and study in Bavaria, which has access to a large infrastructure of business and social associations. With the Indian companies located in Bavaria, the Indian community has blossomed; serving this fast-growing expat community is an extensive infrastructure of business and social associations, clubs and portals, as well as India's Consulate General in Munich. For entrepreneurs, who are considering making an investment in Bavaria, Invest in Bavaria, the business promotion agency of the State of Bavaria and the Bavarian representative office in Bangalore are competent and free-of-charge points of contact.
A decade long presence of Bavaria's office at Bangalore in India is a cause for a great celebration and it happily coincides with a year-long festival to commemorate the diplomatic relations between Germany and India, which started 60 years ago and highlight the centuries-long relationship between Germany and India. The two anniversaries this year mark the beginning of a new era of growth.
Bavaria has often been referred as the 'High-tech Mecca of Europe'. It has become one of the most important research areas of the world with a concentration on technological innovation such as automotive, IT, biotechnology, machinery, aerospace, energy and medical technology. This has led to predictions that growth in Bavaria over the next years will be higher than other states.
In terms of location, Bavaria is truly at the centre of Europe and is a convenient gateway to the large southeast and east European markets with its 500 million consumers. With its central European location, enormous resources in terms of a skilled workforce, research and development synergies and customer base potential, Bavaria is the perfect location for Indian companies to expand their global network.
For further info, visit www.invest-in-bavaria.in.