Germany sets up fast track system for Indian companies
HnExpress Partha Roy, Kolkata : A Joint Statement on Setting up a Fast -Track system for Indian Companies in Germany was signed on 1st April 2019 in Berlin by Ambassador of India to Germany, Mrs. Mukta D. Tomar, and Parliamentary State Secretary, German Federal Ministry of Economic Affairs and Energy (BMWi), Mr. Christian Hirte.
This was based on the decision taken by Prime Minister of India, Shri Narendra Modi, and Chancellor of Germany, Dr. Angela Merkel, during the 4th India -Germany Inter -Governmental Consultations in May 2017.
The Fast -Track system for Indian Companies in Germany would pave the way for identifying and solving issues faced by Indian companies and investors in their operations in Germany as well as serve as a platform for discussing any challenges being faced by Indian investors in the German market.
The mechanism would operate along the lines of the Fast-Track system for German companies in India, which has been successfully operating in India since 2016.