Germany has assured India that it will take steps to reverse the trend of its declining investments in the country where there are big opportunities for investment.
It has also assured a liberal visa regime for Indian information technology personnel wanting to come to Germany.
The assurance was given by Federal Minister for Economy and Labour Wofgang Clement to a high-level Indian business and trade delegation, led by Commerce and Industry Minister Arun Jaitley, when it met him in Munich late Wednesday night.
Jaitley told reporters accompanying Prime Minister Atal Bihari Vajpayee on his two-day visit to Germany that the delegation expressed concern over the way German investments were going down in India over the last few years and wanted the situation to be set right. The delegation felt that Germany could look at investment in new areas like renewable energy and national highways.
At the same time, the delegation also conveyed the keenness of Indian investors to channel their investments in Germany in sectors like information technology, auto components, tractors and bicycles.