Indian firms in Germany generated $13.5 bn in 2016: Study
Around 80 Indian companies in Germany generated revenues of $13.5 billion and employed a total workforce of 27,400 in 2016, according to a Confederation of Indian Industry study. The study found the firms generate nearly 70% of their revenue from metals and automotive sectors. Between 2010 and 2016, Germany was the second-largest recipient of Indian FDI in Europe, it added.