Munich (Germany): Punjab Chief Minister Bhagwant Mann advocated cooperation with Invest in Bavaria for cooperation in agri-food processing, textiles, auto parts, pharmaceutical and chemical sectors.
The Chief Minister met the crew of Invest in Bavaria at his workplace in Munich, the place he was informed that the German state of Bavaria will make investments in its automotive trade, biotechnology, chemical compounds, electronics and electrical engineering, power expertise, monetary companies and data expertise. Known for He was informed that 350 firms in the area, together with Siemens, BMW, Audi, MAN, Adidas, Allianz AG, Munich Re, Airbus, Infineon, Wacker Chemi, Osram Linde and others. , doing their enterprise in India. Bhagwant Mann was knowledgeable that Invest in Bavaria is at the moment functioning as the enterprise promotion company of the state of Bavaria. It can be liable for offering enterprise help companies to German and overseas firms in Bavaria.
Meanwhile, collaborating in the dialogue, the Chief Minister spoke about Punjab’s capabilities in areas like agri-food processing, textiles, auto parts, prescription drugs and chemical compounds. He mentioned that the potential areas of cooperation between Invest Punjab and Invest in Bavaria in these areas and different areas have been defined. Bhagwant Mann defined how Invest Punjab acts as a really perfect one cease workplace for the comfort of buyers in the state to help a mission from planning to completion.
Highlighting the professional-industrial insurance policies of the state authorities, the Chief Minister mentioned that these insurance policies are working to make the state a middle of business progress. Head of International Economic Relations of Invest in Bavaria Dr. Invited Markus Whitman to attend the Progressive Punjab Investors Summit to be held on 23rd and 24th February 2023 to determine areas of elevated cooperation between the two nations. Inviting firms from the state of Bavaria to take a position in Punjab, he assured all doable cooperation and coordination for commerce, funding and cooperation.
Meanwhile, the Invest in Bavaria crew appreciated Punjab’s single-window system for ease of entry to regulatory and monetary companies and enterprise rating whereas exchanging greatest practices. Invest Punjab and Invest in Bavaria promote cooperation and change of bilateral commerce and funding alternatives, promote cooperation in the fields of commerce, industrial and technological change between firms/industries of respective sectors and alternatives for cooperation in analysis, abilities additionally agreed to seek for
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