'German companies excited by Indian reforms'
The decision to allow multi-brand retail and also to attract foreign investment in pensions and insurance "are attractive for companies, and create a good psychological effect on them to invest further," German Ambassador Michael Steiner told IANS.
The opening up of the economy "has created a situation that is like a beauty contest.. It has led to a good investment climate.. This helps build investor trust and confidence," Steiner said.
The upcoming Asia-Pacific Conference (APK) of German Business Nov 1-3 in Gurgaon will see 800 CEOs of German companies arriving in India, said Steiner.
Following a dreadful washout in the four-State Assembly polls, a humbled Congress accepted its defeat and called for a much needed introspection to rethink their strategy ahead of the 2014 Lok Sabha polls.
Date 21 hrs ago, Duration 2:49, Views 292