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<br /> It is the second time that India has become the partner country for the prestigious <keyword id="2516490" type="UNKNOWN" weightage="20" keywordseo="Hannover-Messe-2015">Hannover Messe 2015</keyword>. With the new government in place and a paradigm shift in the policies, <keyword id="2587191" type="UNKNOWN" weightage="20" keywordseo="Marco-Siebert">Marco Siebert</keyword>, Director, International Relations at <keyword id="2319960" type="COMPANY" weightage="20" keywordseo="Deutsche-Messe">Deutsche Messe</keyword>, speaks to BI India and share his views on the opportunities for Indian companies at the fair, Make in India campaign and his expectations. Here are the excerpts:<br />
<br />
<strong>Hannover Messe is the world’s largest fair. How did Deutsche Messe choose India as a partner? </strong><br />
<br />
Well, choosing a partner country is a long term planning and normally takes two to three years. Becoming a partner country is not just our decision but also of our major exhibitors and also from the German government. The decision to make India as the partner country is also because it’s an interesting, growing key market for the industries as well as the good relations that exists between German and Indian enterprises.<br />
<br />
The decision of choosing India as a partner country also comes from the positive experience that we had when India was the partner country at Hannover Messe 2006. Besides, we also look for political stability, which was a little bit of challenge last year as we knew there could be a change in the government. So, all the discussions happened under the umbrella of the former government. But the new government too was very open and quick to accept.<br />
<br /> We also know the associations in India very well such as Engineering Export Promotion Council India (<keyword id="219563" type="ORGANIZATION" weightage="20" keywordseo="EEPC">EEPC</keyword>), Confederation of Indian Industry (<keyword id="6358345" type="ORGANIZATION" weightage="20" keywordseo="CII">CII</keyword>) and Indian Brand Equity Foundation (<keyword id="2535642" type="ORGANIZATION" weightage="20" keywordseo="IBEF">IBEF</keyword>) among others. Besides, we have a large number of exhibitors from India who are very experienced in export business. So, all these factors together brought us to India.<br />
<br />
<strong>India has been participating in the fair for a long time now. So how different is it going to be for Indian exhibitors this time especially since India is the partner country?</strong><br />
<br />
Normally, the Indian companies come here as individual exhibitors. They have to bring a lot of things on their own. But since India is the partner country, all exhibitors from India will get full support from the government as it is strategic project under the umbrella of the Prime Minister and the Ministry of Commerce and Industries. Normally, there are only a couple of pavilions but this time, they will have nearly 10 pavilions where the government associations will offer support to the companies in terms of training, preparations among others. Besides, there will be conferences, wherein they can learn as well as get to network with exhibitors from other countries.<br />
<br />
<strong>India does not have a matured manufacturing sector. How do you think this fair will benefit the manufacturing sector? And what do you think of India as the manufacturing hub and Narendra Modi’s ‘Make in India’ campaign?</strong><br />
<br />
First of all, when an industrial company wants to export to another country, they have to look at the need of that industry. India is one of the developing countries in the world with a fast growing market. There are a lot of opportunities for foreign industrial companies to come to India to do business as well as make investments in the country. Of course, there should be a lot of emphasis on the manufacturing sector within the country to grow, to develop better and to do a lot of research work. Hannover Messe can help if they are coming to find new cooperations or partnerships. They can meet people from Germany, Europe, the US and other parts of the world and invite them to join forces in India to learn and develop.<br />
<br />
As far as Make in India campaign is concerned, I found the topic to be perfect. It is a very strong and clear message. This campaign covers all sides of business, which is export and import. The campaign clearly asks people to produce in India for exports as well as invest in India so that it can be made in India. The market is big and has a lot of potential.<br />
<br />
<strong>You have mentioned that there are a lot of opportunities of collaborations and co-operations in India. According to you, which are the sectors that can have strategic tie-ups between Indian and foreign players?</strong><br />
<br />
My experience has always been that if there are challenges, then there are a lot of chances. If there are a lot of challenges, then there are many chances. And Prime Minister Modi has spoken about a lot of chances in the infrastructure sector. I believe, he totally understands the need to partner with other countries. For example, German railway company <em>Deutsche Bahn</em> AG has entered into partnership with the Indian railways to share and explore information on technology and business developments. Another sector is the energy. I believe there is a very interesting process in India, but there is a scope of cooperation in this sector as well. Again, the target of experienced firms is to work in such countries.<br />
<br />
Another area where I can see a possibility of cooperation is water and waste management. The new Indian government is keen on cleaning river Ganga and I believe it is a great area where associations can be made in terms of technology solutions, which is required to carry out the work.<br />
<br />
Also, skill development and education offer great opportunities to foreign companies for investments. India is young country with largely young population. Millions of these young people want to learn and become more international in their education and skills. Universities can come in and work together to impart the required education as well as skills.<br />
<br />
<strong>What according to you are the sectors in engineering products where India can learn from Germany and vice-versa?</strong><br />
<br />
I think one sector in the industry regarding the industrial automation is energy efficiency. We are very limited in energy. We do not have our own oil and have very limited gas. So, to grow and be successful, Germany has to be successful in energy efficiency research work. I see a potential here for a partnership with India in the field of research and development. India can use our research to produce more efficiently, as well as competitively, in the market.<br />
<br />
And in the other way round, India has several young, intelligent and highly educated engineers, whom we have already invited to come to Germany and participate in government programmes. I believe Germany can mutually take the expertise and intelligence of these young engineers. Also, India has a stronghold in the IT sector, which I think Germany can learn from.<br />
<br />
<strong>Lastly, what kind of participation do you expect from India at the fair? Also, kindly tell us about your expectations from the fair?</strong><br />
<br />
Of course, we are expecting a lot of more visitors from Indian delegation this time. Also, there is a huge programme by the government to support the exhibitors. Besides, everyone has this project on their mind so that ways we expect to see a enormous participation from India.<br />
<br />
We are closely working together with the Indian embassy in Berlin as well as the German embassy in New Delhi. Also, the Indo-German Chamber of Commerce is also involved with us. Our goal is to find out where our respective companies can tie up. In the next couple of months, along with the EEPC, we are planning road show to promote our goals. The German embassy will be involved and will be participating in the show.<br />
<br />
Finally, we are expecting institutions and companies to sign Memorandum of Understanding (MoU) for collaborations at the fair. Last year, there were about 122 exhibitors and close to 3,000 visitors from India.

Make In
India Is A Very Strong And Clear Message To The World: Marco Siebert

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Thomson Reuters</span></p><p class="caption">Volkswagen Chief Executive Winterkorn stands at the Volkswagen booth at the world's largest industrial technology fair, the Hannover Messe</p></div><p></p></div></div>German prosecutors open investigation into former Volkswagen CEO Martin Winterkorn.</p><p>Volkswagen's trouble began earlier this month when the <a href="http://www.businessinsider.com/vw-told-to-recall-500000-cars-after-us-government-accuses-it-of-dodging-clean-air-standards-2015-9" target="_blank">US Environmental Protection Agency issued a "Notice of Violation" accusing the company</a> of <span>using hidden software - called a "defeat device" - to cheat clean-air standards during emissions testing.</span></p><p><span>Initially, the <a href="http://www.businessinsider.com/vw-told-to-recall-500000-cars-after-us-government-accuses-it-of-dodging-clean-air-standards-2015-9" target="_blank">scandal covered 482,000 cars sold</a> in the US from 2009 to 2015. VW later revealed, however, that more than 11 million vehicles equipped with the company's once praised 2.0-liter TDI diesel engines were affected.</span></p><p><span><span>Winterkorn stepped down on Tuesday.</span></span></p><p>The news has already triggered lawsuits and government investigations, and caused the company to lose ten of billions of dollars in share value in the last two weeks.</p>

German prosecutors open investigation into former Volkswagen CEO Martin Winterkorn

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div><p></p></div></div>Eurozone industrial production smashed expectations in February, rising 1.1% from January alone, and 1.6% from February last year.</p><p>That's twice as strong as was expected. </p><p>Analysts expected industrial production to rise 0.4% month-on-month, but only 0.7% year-on-year.</p><p>Despite Europe's recent rebound, industrial data has lagged behind - the boost has mostly been driven by consumers - German and Spanish retail sales have recently risen at their fastest pace in 10 years.</p><p>Could this be a sign of a bit more balance?</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/game-of-thrones-economics-2015-3">'Game of Thrones': The Iron Throne is a terrible investment</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="tvNncydDrkw0Adz4yS0Vsg8DPK1cte-i" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Eurozone industrial production smashed expectations in February

<br /> Closely after making a five-day three-nation tour to Seychelles, Mauritius and <keyword id="6355572" type="COUNTRY" weightage="60" keywordseo="Sri-Lanka">Sri Lanka</keyword>, to reinvigorate the country’s ties with the Indian Ocean economies, Prime Minister <keyword id="6354477" type="PERSON" weightage="60" keywordseo="Narendra-Modi">Narendra Modi</keyword> is about to embark on a five-day Europe-Canada tour, which is eagerly watched by observers world over. The tour assumes significance on several counts.<br />
<br /> First, it is a continuation of the successful visits to <keyword id="6355311" type="COUNTRY" weightage="60" keywordseo="Japan">Japan</keyword>, Australia and the US over the last year, which not only enabled Modi to translate into trade, technology and defence pacts, but helped him market the ‘Make in India’ campaign that aims to position India as the ‘world’s factory’, in addition to being the top ‘services hub’ globally. Second, it points to the fact that the <keyword id="6360789" type="ORGANIZATION" weightage="60" keywordseo="Modi-Government">Modi government</keyword> is keen on strengthening its foreign policy framework that aims at building and maintaining closer partnerships with not only global leaders such as the US and China, but strategic regional countries such as Japan in addition to key neighbourhood nations.<br />
<br /> Significantly, <keyword id="87" type="COUNTRY" weightage="80" keywordseo="Germany">Germany</keyword> and France—two of EU’s most powerful countries that have been India’s strong trade partners—are a key part of Modi’s travel itinerary. In Germany, Modi is expected to inaugurate the Hannover Messe 2015 fair along with German Chancellor Angela Merkel on April 12 (India is a partner country in the fair). The fair will provide an ideal platform for Modi to showcase India as an emerging manufacturing hub as part of his government’s Make in India campaign. Germany is the eighth-largest foreign direct investor in India—German <keyword id="44528" type="ORGANIZATION" weightage="60" keywordseo="FDI">FDI</keyword> in India during 1991-2014 stood at $7.57 billion. Modi government’s focus on wind power, science, technology and engineering is expected to further enhance India’s trade with Germany.<br />
<br /> <keyword id="6354785" type="COUNTRY" weightage="60" keywordseo="France">France</keyword> is an equally important trade partner for India. Extending the civilian nuclear pact signed by India and France in 2008 with Areva—a French multinational group specialising in nuclear and renewable energy—selling 300 tonnes of nuclear fuel to <keyword id="79802" type="COMPANY" weightage="80" keywordseo="Nuclear-Power-Corporation">Nuclear Power Corporation</keyword> of India (NPCIL), the Modi government seeks to explore the possibility of a commercial agreement on supply of European pressurised reactors (EPR) for NPCIL’s proposed 9,900-MW Jaitapur Nuclear Power Project in Ratnagiri district in Maharashtra, though such as pact would depend mainly on economic and technical viability.<br />
<br /> Modi and <keyword id="24935" type="POSITION" weightage="60" keywordseo="French-President">French President</keyword> Francois Hollande are also expected to hold talks on the proposed $23-billion deal involving sale of 126 Dassault Rafale medium range multi-role combat aircraft to India. Also, with foreign direct <keyword id="47916" type="UNKNOWN" weightage="80" keywordseo="invest">invest</keyword>ment in the <keyword id="35450" type="COMPANY" weightage="60" keywordseo="insurance">insurance</keyword> sector being raised to 49% from 26%, France is likely to invest $5 billion in the sector.<br />
<br />
The European leg of Modi’s trip is also important considering EU is India's largest trading partner, accounting for around 20% of India’s trade globally. Trade between India and the EU was $57.25 billion between April and October 2014 and stood at $101.5 billion for fiscal 2014-15, a major part of which was accounted for by Germany, France and the UK, while other partner countries including Denmark, Finland and the Netherlands too contributed.<br />
<br /> Modi will be in Canada from April 14 to 16, making stops at <keyword id="29196" type="COMPANY" weightage="60" keywordseo="Toronto">Toronto</keyword>, <keyword id="82333" type="CITY" weightage="60" keywordseo="Ottawa">Ottawa</keyword> and <keyword id="72145" type="CITY" weightage="60" keywordseo="Vancouver">Vancouver</keyword>. The highlight of his three-day visit to Canada will be a public meeting at Toronto that is expected to be attended by a huge NRI crowd. India is Canada's largest trading partner in South Asia and continues to be a priority market under Canada's Global Markets Action Plan.<br />
<br /> On the flip side, Modi’s proposed stopover at <keyword id="59706" type="COMPANY" weightage="60" keywordseo="Brussels">Brussels</keyword> stands cancelled after EU failed to respond to India’s proposal to include the EU capital in his itinerary. While it is not clear what led to EU’s muted response, there are those who believe the slow progress of the trial of two Italian marines accused of killing two Indian fishermen in 2012 is one of the reasons, given the fact that EU foreign policy chief Federica Mogherini has been vocal in criticising India’s stance on the issue. India’s refusal to toe the line of the Western countries over the Ukraine crisis and Russia’s role in the conflict is also said to be one of the reasons. However, many European countries see dropping Brussels from Modi’s travel itinerary as a lost opportunity for providing a fillip to India-EU ties.<br />
<br />
Notwithstanding the political significance of the tour considering the changing global geopolitical climate, one key question is whether Modi will be able to take the trip beyond the realm of rhetoric and translate it into actionable trade and investment opportunities like what he achieved during the Japan visit which resulted in commitment for close to $40 billion Japanese investment in India.<br />
<br />
(Image: Reuters)<br />

Will Modi’s Europe-Canada tour translate into measurable gains?

<p><span style="font-size: 15px; line-height: 1.5em;"><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div><p></p></div></div>BERLIN/STUTTGART (Reuters) - Volkswagen's first leadership crisis in a decade has burst into the open with Chairman </span>Ferdinand Piech<span style="font-size: 15px; line-height: 1.5em;">'s surprise public denunciation of CEO </span>Martin Winterkorn<span style="font-size: 15px; line-height: 1.5em;"> -- but the standoff is now more likely to play out behind closed doors.</span></p><p>Piech, 77, will meet cousin Wolfgang Porsche and other family members within days, company sources said, to discuss the rift his comments appear to have opened between their branches of VW's controlling clan.</p><p>A full board meeting is likely to follow.</p><p>"A phase of diplomacy will set in now," said one source. The company declined to comment through a spokesman.</p><p>The turmoil at the top of Europe's biggest carmaker reflects Piech-Winterkorn tensions that have escalated in step with the chief executive's growing confidence, insiders say.</p><p>It has also shifted attention from VW's growth ambitions to governance and performance problems, as challenges pile up and the earnings outlook darkens following a run of gains.</p><p>Markets have so far taken the ructions in their stride, with VW shares down 1.3 percent since Piech's outburst. But any feud extending beyond the company's May 5 shareholder meeting could prove more damaging.</p><p>"Change is coming anyway," Barclays analyst Michael Tyndall said, with Winterkorn's contract expiring in 2016 and Piech expected to retire the following year, as he turns 80.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div></p><p>A degree of strategic reassessment is to be welcomed, Tyndall added in a note, "providing the resolution is speedy".</p><p>The last big intrigue to divide the founding family, Porsche's failed move to seize control of VW in 2008-9, dragged on for months and triggered years of investor lawsuits.</p><p>Under the delicately balanced -- some say dysfunctional -- ownership structure that emerged, the Porsche and Piech families together command 50.7 percent of VW voting rights, with the state of Lower Saxony controlling a further 20 percent.</p><p>In practice, strategic decisions also need support from German unions occupying half of the 20 supervisory board seats.</p><p>Echoing his ruthless 2006 ouster of Winterkorn's predecessor Bernd Pischetsrieder, Piech opened the hostilities on Friday with a German magazine interview in which he confided that he was "at a distance to Winterkorn".</p><p>His comments put an instant damper on expectations that Winterkorn would be reappointed as CEO beyond 2016, or else named to succeed him as chairman.</p><p>At board meetings over the past five months, Piech has aired growing criticism of the company's performance under his former protégé, sources told Reuters -- particularly in the United States, where the VW brand has fallen far short of sales goals.</p><p>Ballooning plant and investment costs are another concern cited by analysts, along with the lack of progress on a low-cost vehicle architecture to rival Renault's <RENA.PA> budget cars.</RENA.PA></p><p>Balancing these shortcomings, however, is the sheer pace of an expansion that has almost doubled group revenue and tripled profit during Winterkorn's eight-year tenure, propelled by roaring sales in China as well as acquisitions.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div> </p><h3>KILLING THEM SOFTLY</h3><p>Piech met immediate resistance from VW stakeholders including Lower Saxony and labor chief Bernd Osterloh -- who said Winterkorn was "one of the most successful automotive managers" at the group and should have his contract extended.</p><p>Wolfgang Porsche, who chairs the family holding, said his cousin's outburst was only a "personal opinion".</p><p>Their reactions have led some to ask whether Piech is finally losing his grip in the final straight of a career spanning more than half a century.</p><p>Concerns were raised in 2012 about Piech's judgment and VW's governance, following the appointment of his second wife Ursula, a former kindergarten teacher, to the board.</p><p>But Piech, an engineer by training who transformed Audi from a struggling volume brand into a luxury car powerhouse, has ended several high-level careers with a few softly spoken words.</p><p>Former Porsche boss Wendelin Wiedeking is among axed executives who discovered their fate in his public comments. And Pischetsrieder, like Winterkorn, initially commanded family and union support under fire, yet was gone within months.</p><p>"My desire for harmony is limited," Piech explained in his 2004 autobiography.</p><p>The Volkswagen patriarch, who keeps a dagger collection, has professed a fascination with Japanese military tactics in World War Two, according to people who have worked for him.</p><p>"Piech is a fox," said one. "He may now just wait tactically and wear his opponents down."</p><p>Among VW investors, even fans of Winterkorn concede privately that a new CEO appointment now looks likely.</p><p>"The succession was bound to be tough," said one Frankfurt-based fund manager with a sizeable VW holding.</p><p>"Winterkorn's track record is extremely convincing but if this impasse can't be solved in an orderly way, new management might offer the chance of a clean break."</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div></p><h3>WELCOME CHANGE</h3><p>Arndt Ellinghorst, a London-based analyst with Evercore ISI, is less admiring of a CEO who has allowed investment to claim a larger share of sales at Volkswagen than at pure-premium rival BMW <BMWG.DE>, despite his company's superior scale.</BMWG.DE></p><p>"Almost every cost ratio at VW Group has increased and stands at a historically high level," said Ellinghorst, who now considers Porsche brand chief Matthias Mueller well placed to succeed Winterkorn.</p><p>Piech's move "forces the supervisory board to take a view," he said. "Uncertainty is bad news for shareholders in VW. Change, however, would be welcomed."</p><p>Beyond or behind Piech's criticism of Winterkorn, some insiders also see signs of a personal animus against the CEO who has come to embody VW's rise in a way he once did alone.</p><p>"A personality issue can't be ruled out," a VW source said. "Piech can be very extreme."</p><p>Those tensions were in evidence in September 2013 when, on the eve of the Frankfurt auto show, an anonymously sourced newspaper report predicted Piech's imminent retirement due to ill health, with Winterkorn to succeed him.</p><p>Piech turned up with Ursula at VW's lavishly catered media night, telling journalists that news of his death was premature.</p><p>"Is this still your press officer?" Piech asked Winterkorn as he crossed paths with the CEO and his spokesman at the event, according to Der Spiegel.</p><p>Whatever their personal dynamics, bystanders are understandably keen to stay out of the crossfire. Even Lower Saxony's Prime Minister Stephan Weil, a board member, was keeping his head down when approached by Reuters on Tuesday.</p><p>"The wisest thing to do at the moment is to say nothing," he said.\<span style="font-size: 15px; line-height: 1.5em;"> </span></p><p>(Writing by Laurence Frost; Additional reporting by Jan Schwartz; Editing by Mark Potter)</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/charge-iphone-faster-apple-battery-life-2015-2">How to supercharge your iPhone in only 5 minutes</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="9hdGRuczob3nOr91AW6QS6gV7dw6BzKX" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

You Searched For "Hannover Messe 2015" and got 5 results

Make In India Is A Very Strong And Clear Message To The World: Marco Siebert

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German prosecutors open investigation into former Volkswagen CEO Martin Winterkorn

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Eurozone industrial production smashed expectations in February

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Will Modi’s Europe-Canada tour translate into measurable gains?

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Volkswagen's first leadership crisis in a decade has burst into the open

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