CII Germany report: Indian companies generate 11.4 billion euro

Germany Dec 03: According to a study, Indian companies in Germany have generated a total revenue of 11.4 billion euro. Around 80 Indian companies revenue was calculated and it was also shown that about 27,400 were employed in 2016.

The CII–EY–Bertelsman Foundation Study, based on interviews with leading Indian CEOs, revealed that Indian companies in Germany currently generate nearly 70 per cent of their turnover in the labour-intensive sectors of metals (40 per cent) and automotives (29 per cent).

"Important players in these sectors are Tata Steel, Hindalco industries and Sona Autocomp. The Indian IT industry accounts for a revenue share of nine per cent," said CII citing the study's findings.