Germany session focuses on key areas of collaboration, stubble management

DW BUREAU / MOHALI

The country session on Germany at the Progressive Punjab Investors Summit 2019 witnessed discussions on various areas of collaboration between Punjab and the European nation, including the critical problem of stubble management.

The ‘Punjab-Germany partners for growth’ session was centred on the theme of “Punjab and Germany- Partners for Growth”.

In her opening remarks, Additional Chief Secretary Ravneet Kaur made a perfect case for Punjab being the best destination in terms of investment and pointed out that the State was located very close to Central Asian market, besides being the World’s largest tractor manufacturing hub.

The other positives she mentioned included power tariff being lowest Rs. 5 per unit, no major labour problems, robust skill development infrastructure, unified single platform (Invest Punjab) for all necessary clearances, excellent road, rail and air connectivity, Industrial Clusters at Amritsar, Jalandhar, Ludhian & Bathinda, among others.

Coming to the trade relations between Punjab and Germany, Ravneet Kaur pointed out that in 2018-19, Punjab was the 4th largest state in iron and steel exports and the 5th largest in Auto components/parts exports to Germany. The session was moderated by Rajesh Nath, Managing Director, VDMA, one of the largest Industry associations in Europe.

The panel of experts who deliberated on various areas of collaboration and knowledge sharing between Punjab and Germany included the prominent CXOs of German companies, some of them already based in Punjab. These included Oliver Ludtke, COO, Verbio; Dr. Anton Reinfelder, Managing Director, GrozBeckert; Sriram Kannan, Managing Director, CLAAS India; Ramashankar Pandey, Managing Director, Hella Lighting; Nitin Vyas, Managing Director, Beumer India P Ltd: Vivek Bhatia, Managing Director & CEO, Thyssenkrup Industries; Jagminder Bawa, President, Vibracoustic; besides Carlo Graepel, StfanKrahal & Pankaj Gautam from Graepel Perforations.

Speaking on the occasion, Vivek Bhatia said that collaborations in the technological sector can help in utilizing stubble in a sustainable way, which would also save the environment from getting polluted. Airing his views, Sriram Kannan lauded the non-existence of labour problems in the state, apart from the good electricity supply, which was vital for growth of the industrial sector. He also described farm mechanization as a core area

for growth.

(editor@dailyworld.in)

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