Mun/Com/201/1/2011 Monthly Economic and Commercial Report CGI, Munich, Germany: January 2011 (Consular Jurisdiction: Bavaria & Baden-Wurttemberg) Executive Summary Federal Government forecasts that German GDP will grow by 2.3 in 2011 GDP of Bavaria grew by 3.2 during the 1 st half of 2010 GDP of Baden-Wuertttemberg grew by 5 during the 1 st half of 2010 Indo-Bavarian trade during Jan-Nov 2010 at 1.91 billion (23.29 change) Indo-Baden-Wurttemberg trade during Jan-Nov 2010 at 2.1 billion (29.47 change) Indo-German trade during Jan-Nov 2010 at 14 billion (18.56 change) Siemens AG to increase stake in their Indian Subsidiary Meeting with Foreign Correspondent of FOCUS magazine in New Delhi Interview with Consul General by Editor-in-Chief of BusinessBavaria New Year Reception hosted by Deutsche Bank German-Indian Round Table (GIRT) Meeting in Munich Meeting with Deputy Director, Foreign Trade Relations, Asia/Pacific, Bavarian Economic Ministry Launching of Telepresence Room of Tata Communications in Munich INDIBAY Meeting Meeting with Head of Department, Economics Policy And International Relations, Baden-Wuerttemberg Ministry of Economics: Stuttgart Republic Day Celebrations: Indian Institute Meeting with Ms. Nicola Doll of Travellers World magazine Republic Day Celebrations in Nuremberg BAU 2011 Turnover of Bavarian Manufacturing Industry increases by 13.2 in 2010 Baden-Wuerttemberg Industrial Production increases by 14.9 during 2010 1
I) Economic Outlook Germany Federal Government forecasts that German GDP will grow by 2.3 in 2011 1. The German economy has rapidly recovered from the economic crisis. The GDP grew by 3.6 in 2010, the largest economic growth registered since reunification. During the crisis year 2009, GDP shrank by 4.7. In its annual projection for 2011, the Federal Government forecasted that the upswing will continue in 2011 and the GDP will grow this year by 2.3. According to the report, exports in 2011 will grow by 6.5 and imports will increase by 6.4. Domestic demand is expected to grow by 2. The unemployment rate is expected to be 7 in 2011 (unemployment rate in 2010 was 7.7). 2. Foreign trade was once again major driving force for economic growth in Germany in 2010. After recording negative growth rates during 2009, German exports in 2010 increased by 18.5 to 951.9 billion and imports increased by 20 to 797.6. The economic performance in 2010 was achieved on an annual average by 40.5 million employees in Germany, which is an increase of 212000 persons or 0.5 on a year earlier. Meanwhile, various economic organisations forecast higher GDP growth rates for 2011. The German Council of Economic Experts predicted that Germany's economy will grow by 2.2 percent in 2011. Deutsche Bank forecasted that German GDP will grow by 2 in 2011 3. GDP growth rates of Bavaria and Baden-Wuerttemberg for the year 2010 are yet to be published. According to a recent report published by Bavarian Business Association (VBW), Bavarian GDP should grow by close to 4 in 2010 and by 3 in 2011. According to a report published by the Baden-Wuerttemberg State Statistical Office, Baden-Wuerttemberg economy is expected to grow by 4.75 in 2010 and by 2.5 in 2011. During the first half of the year 2010, GDP of Bavaria grew by 3.2 and GDP of Baden-Wuerttemberg grew by 5. II) GDP Figures 4. In value terms, GDP of Germany at current prices in 2010, amounted to Euro 2498 billion. GDP values of Bavaria and Baden-Wuerttemberg for the year 2010 are yet to be published. In the year 2009, GDP of Bavaria at current prices amounted to Euro 429 billion and Baden- Wuerttemberg Euro 343 billion. Comparative GDP figures along with growth rates of Bavaria, Baden-Wuerttemberg and Germany are given below. GDP Growth Rate GDP (at current prices) in 6 4 2 0-2 -4-6 -8-10 2.82.92.7 1.20.9 1-5 -7.4-4.7 5 3.2 3.1 Year 2007 Year 2008 Year 2009 Jan-June 2010 Period Bavaria Baden-Wurttemberg Germany In billion Euros 3000 2500 2000 1500 1000 500 0 2428 2495 2407 433 444 429 357 365 343 Year 2007 Year 2008 Year 2009 Period Bavaria Baden-Wurttemberg Germany 2
III) Inflation rate 5. Inflation rate in Bavaria in January 2011 was 2. Compared to previous year, the price for heating oil increased by 23.3, petrol by 10.3, electricity by 7.2 and food by 3.4. 6. Inflation rate in Baden-Wuerttemberg in January 2011 was 2.1. Compared to previous year, the price for heating oil increased by 25.7, petrol by 9.3, electricity by 7.8 and food by 2.5. Sr. States Inflation rate ( change over same period in previous year) No January 2010 January 2011 1 Bavaria 0.6 2 2 Baden-Wurttemberg 0.8 2.1 IV) Trade figures Value in billion Euros & change in over same period of previous year 2008 2009 Jan-Nov 2010 Bavarian Export 155 1.31 123-20.65 133 17.49 Bavarian import 129 4.88 109-15.5 120.3 19.35 Total Trade of Bavaria 284 2.9 232-18.31 253.3 18.36 Export of Baden-Wuerttemberg 151 0.67 125-17.22 140 24.22 Import of Baden-Wuerttemberg 130 5.69 109-16.15 117.7 19.61 Total Trade of Baden-Wuerttemberg 281 2.93 234-16.73 257.7 22.07 German Exports 984 1.97 803-18.39 877.3 19.34 German Imports 805 4.68 664-17.52 736.1 20.87 Total Trade of Germany 1789 3.17 1467-18 1613.4 20.04 V) Trade with 10 major Countries and India The trade figures of Bavaria and Baden-Wuerttemberg along with the rankings and value of trade for the year 2009 are given in tables below. Bavarian Imports (In million Euro) Rank Country 2009 1 Austria 12126-13.3 2 China 11373-5.8 3 Italy 8540-12.7 4 USA 7737-15.5 5 Czech Republic 7452-14 6 France 5636-20.2 7 Russia 5533-14.7 8 Netherlands 5418 0 9 Hungary 4049-18.9 10 UK 3558-19.6 Total Imports 109943-15.4 Bavarian Exports (In million Euro) Rank Country 2009 1 Austria 11938-13 2 USA 11130-25.2 3 Italy 10141-18.8 4 France 10072-13.2 5 UK 8556-22.2 6 China 7800 4.1 7 Spain 4861-26.3 8 Netherlands 4829-11.1 9 Belgium 4481-11.1 10 Switzerland 4315-15.5 Total Exports 123991-20.4 3
Baden-Wuerttemberg s Imports (In million Euro) Rank Country 2009 1 USA 10688-6.74 2 Switzerland 10292-4.45 3 France 8959-20.6 4 Ireland 8479-14.92 5 Italy 8408-14.3 6 China 5829-9.64 7 Netherlands 5378-16.62 8 Austria 4856-6.67 9 Czech Republic 4158-12.74 10 UK 4078-13.62 Total Imports 109078-16.28 Baden-Wuerttemberg s Exports (In million Euro) Rank Country 2009 1 France 11248-18.5 2 USA 10111-23.58 3 Switzerland 9788 1.7 4 Netherlands 8749-17.88 5 Austria 8489 3.03 6 UK 7524-21.28 7 Italy 7226-27.88 8 China 6450 4.62 9 Belgium 5242-17.71 10 Spain 4472-32.27 Total Exports 125012-17.34 VI) Indo-Bavarian/Baden-Wurttemberg/German Trade 7. Indo-German trade is on an upswing. During the first eleven months of the year 2010, Indian exports to Bavaria, increased by 28.38 to 674 million, to Baden-Wuerttemberg by 19.16 to 740 million and to Germany as whole by 19.25 to 5.66 billion. During the period January to November 2010, India s total trade with the State of Bavaria increased by 23.29 to Euro 1.91 billion, the two-way trade with Baden-Wuerttemberg increased by 29.47 to 2.1 billion and Indo-German trade as a whole increased by 18.56 to 14 billion. Value in million Euros & change in over same period of previous year 2008 2009 Jan-Nov 2010 Indian Exports to Bavaria 665 26.67 567-14.74 674 28.38 Indian Imports from Bavaria 1342 22 1132-15.65 1237 20.68 Total Trade 2007 23.51 1699-15.35 1911 23.29 Indian Exports to Baden- 715 18.57 672-6.01 740 19.16 Wuerttemberg Indian Imports from Baden- 1480 18.68 1210-18.24 1360 35.86 Wuerttemberg Total Trade 2195 18.65 1882-14.26 2100 29.47 Indian Exports to Germany 5252 11.25 5104-2.82 5663 19.25 Indian Imports form Germany 8154 10.88 7997-1.93 8356 18.11 Total Trade 13406 11.02 13101-2.28 14019 18.56 4
Evolution of India's Trade With Bavaria Value in Million Euros 2500 2000 1500 1000 500 0 2007 1699 1504 954 731 591 2000 2002 2004 2006 2008 2009 Year Value in Million Euros 2500 2000 1500 1000 500 0 Evolution of India's Trade With Baden-Wuerttemberg 2195 1882 1591 663 753 952 2000 2002 2004 2006 2008 2009 Year Evolution of India's Trade With Germany Value in Million Euros 15000 10000 5000 0 13406 13101 10539 4548 4965 6223 2000 2002 2004 2006 2008 2009 Year Major 10 Indian Exports to Bavaria Year 2008 Year 2009 Sy.Co Product category Euro Euro Apparel of silk or man-made fibres, excl. Of knitted 804 or crocheted fabrics 10955846 3.52 14791268 35.01 Electronic valves and tubes and other electronic 865 components 61388908 307.67 19654244-67.98 734 Paints, varnishes and mastics 27525619 87.59 25607313-6.97 844 Bearings, gears, gearing and driving elements 55372613 66.37 27353014-50.6 809 Textile products n.e.s 29919424 19.74 27666243-7.53 Machinery & Apparatus for electricity production 861 distribution and control 42066076 35.39 37527582-10.79 Apparel of cotton, excl. of knitted or crocheted 806 fabrics 35668877-5.82 37934123 6.35 803 Apparel of knitted or crocheted fabrics of cotton 40763835-8.09 40910184 0.36 811 Footwear 39605787 3.68 45589380 15.11 Articles of leather and leather clothes (excl. 812 footwear) 49282449 12.37 52540360 6.61 Total Imports of Bavaria from India 665635707 26.83 567126214-14.8 5
Major 10 Indian Imports from Bavaria Year 2008 Year 2009 Sy.Co Product Category Euro Euro 885 Automobiles 19923516-19.06 33431234 67.8 852 Machine Tools 62986420-44.69 41987493-33.34 Measuring and automatic control instruments and 872 appliances 47614508 16.45 43810370-7.99 Chassis, bodies, engines, parts and accessories for 884 motor vehicles, etc 52263379 28.72 52919832 1.26 851 Machinery for working rubber or plastics 49300573 158.43 68455781 38.85 Medical and surgical equipment and orthopaedic appliances 80465722 0.22 71158628-11.57 871 859 Machinery, n.e.s 100990935 17.46 73074911-27.64 844 Bearings, gears, gearing and driving elements 115324687 16.37 74903212-35.05 891 Industrial plants 15333182 904.9 96995666 532.59 861 Machinery and apparatus for electricity production, distri. & Cont. 197803780 50.08 150522287-23.9 Total Exports of Bavaria to India 1342130382 21.98 1132607686-15.61 Major 10 Indian Exports to Baden-Wurttemberg Year 2008 Year 2009 Sy.Co Product category Euro Euro Television and radio receivers, sound or video 864 recording or reproducing appar. & associated goods 25584607 28.37 20684670-19.15 806 Apparel of cotton, excl. Of knitted or croche.fabrics 13030214 9.57 24618767 88.94 Machinery & Apparatus for electricity production 861 distribution and control 20501276 119.9 24889613 21.41 878 Jewellery, goldsmith's or silversmith's wares 36235104-5.02 27397890-24.39 803 Apparel of knitted or crocheted fabrics of cotton 27808545 1.86 34259157 23.2 812 Articles of leather and leather clothes (excl. footwear) 31012628 20.21 37066247 19.52 Chassis, bodies, engines, parts & acce. for motor 884 vehicle.etc 75098609 9.89 45092638-39.96 740 Basic pharmaceutical products 54875359 30.81 47807316-12.88 829 Articles of metal, n.e.s 48704075 28.11 49472113 1.58 885 Automobiles 64869424 313.8 70331529 8.42 Total Imports of Baden-Wuerttemberg from India 715045442 18.42 672751487-5.91 Major 10 Indian Imports from Baden-Wurttemberg Year 2008 Year 2009 Sy.Co Product category Euro Euro 845 Lifting and handling equipment 69268991 131.96 33796880-51.21 Motors and engines (excl.engines for 841 agri.tractors,aircraft,road vehicles) 80744367 111.73 33917289-57.99 847 Machinery for Textile Apparel and leather Production 51004965-38.85 35006947-31.37 Medical and surgical equipment and orthopaedic 871 appliances 42798205 16.28 47134631 10.13 Chassis, bodies, engines, parts and accessories for 884 motor vehicles, etc 56730245 18.5 55875990-1.51 854 Machinery for paper production and printing 107317463 129.05 72974135-32 Measuring and automatic control instruments and 872 appliances 77076835 15.81 78387455 1.7 Machinery and appara. for electricity production 861.distribution & Control 90613536 13.39 80150351-11.55 859 Machinery, n.e.s 148434223 29.77 117713047-20.7 852 Machine Tools 161573025 20.88 127969000-20.8 Total Exports of Baden-Wuerttemberg to India 1480731072 18.69 1210790994-18.23 6
VII) Five principal export commodities S. No Name of Export Commodity Bavaria Year 2009 37711 1. Motor Vehicles and Parts 2. Machinery 20678 3. Electrical Products 14087 4. Chemicals & 11450 Pharmaceuticals 5. Food Products 6574 Total Exports 123991 Value in million Euros S.No Name of Export Commodity 1. Machinery 27633 2. Motor Vehicles and Parts 23967 3. Pharmaceuticals 10776 4. Electrical products 8454 Baden- Wurttemberg Year 2009 5. Electronic products- data processing and optical products 8365 Total Exports 125012 VIII) Five principal import commodities Value in million Euros S.No Name of Import Commodity Bavaria Year 2009 1. Motor Vehicles and 16272 parts 2. Electrical products 17166 3. Machinery 11642 4. Chemicals & 8656 Pharmaceuticals 5. Food industry 6218 Total Imports 123951 S.No Name of Import Commodity 1. Pharmaceuticals 18202 2. Machinery 12688 3. Electronic products-data processing and optical products 9662 4. Motor vehicles and components Baden- Wurttemberg Year 2009 8350 5. Chemical products 8218 Total Imports 109078 IX) Top 5 export and import items in India-Bavaria and India-Baden Wurttemberg trade Top export items of Bavaria to India - Year 2009 6 6 7 9 EXPORTS TO INDIA Medical & surgical equipment and orthopedic appliances Machinery, n.e.s Bearings, gears, gearing & driving elements Industrial plants Top export items of Baden- Wuerttemberg to India. Year 2009 6 6 7 10 Machinery for paper production & printing Measuring & automatic control instruments and appliances Machinery for electricity production & distribution Machinery, n.e.s 59 13 Machinery for electricity production & distribution Others 60 11 Machine Tools Others IMPORTS FROM INDIA 7
Top Bavarian import items from India. Year 2009 7 7 7 8 Machinery for electricity production & distribution Apparel of cotton, excl. of knitted or crocheted fabrics Apparel of knitted or crocheted fabrics of cotton Footw ear Top import items of Baden-Wuerttemberg from India. Year 2009 6 7 7 7 Articles of leather and leather clothes (excl. footw ear) Chassis, engines, parts & acce. for motor vehicle Basic pharmaceutical products Articles of metal, n.e.s 62 9 Articles of leather and leather clothes (excl. footw ear) Others 63 10 Automobiles Others X) India s Investment interest Siemens AG to increase stake in their Indian Subsidiary 8. Siemens AG, Munich headquartered engineering and technology giant, announced its plans to increase its stake in the Indian subsidiary, Siemens Ltd, from the current 55 percent to 75 percent. The company will offer public shareholders of Siemens Ltd. at INR930 per share. In case of full acceptance of the offer, the investment will total around 1 billion. In fiscal 2010 (ended September 30, 2010), Siemens Ltd. India achieved a revenue of around 1.5 billion and a profit from operations of about 200 million. XI) India-Related Events Meeting with Foreign Correspondent of FOCUS magazine in New Delhi 9. Ms. Dorothea Reicker, Foreign Correspondent of FOCUS magazine in New Delhi called on the Consul General on 4 th January and briefed on the contribution of the magazine in bringing the people of the two countries together and in the exchange of ideas, views and policies. She also sought the advice of Consul General in widening their role in India and in furthering the partnership between the two countries. Consul General also met Ms. Gudrun Dometeit, Deputy Head of the political department of FOCUS, based in Munich, over lunch on 10 th January. Ms. Dometeit is a traditional hand on India and has contributed a series of articles earlier. Consul General briefed her on the trends in Indian economy and the prognosis for partnerships between companies from both sides. Interview with Consul General by Editor-in-Chief of BusinessBavaria 10. Mr. Terry Swartzberg, Editor-in-Chief of BusinessBavaria newsletter, published by Investin-Bavaria bureau of Bavarian Economic Ministry interviewed the Consul General on January 7, 2011, for a special article titled India and Bavaria: Partnership for growth. The interview will be published in BusinessBavaria s February newsletter in connection with the visit of Bavarian Economic Minister s visit to India in February 2011. New Year Reception hosted by Deutsche Bank 11. The Munich office of Deutsche Bank hosted their annual reception at the bank s premise in Munich on January 17, 2011. Mr. Stefan Krause, Member of the Board, Deutsche Bank, in his welcome words mentioned that the better performance of emerging economies like India and China helped German economy to note an economic growth of 3.6 in the year 2010. He said that according to Deutsche Bank forecast, German GDP will grow by 2 in 2011. 8
German-Indian Round Table (GIRT) Meeting in Munich 12. German-Indian Round Table (GIRT) started with their 1 st meeting of the year 2011 at Bayern LB, Munich, on January 19, with a strong attendance of over 30 leading businessmen from the region. Mr. Karl-Heinz Sturm, Board member of Bayern LB gave a presentation on the Operations of German Centre in Delhi.Gurgaon, a joint venture of the Bavarian Landes Bank (Bayern LB) and the LandesBank of Baden-Wuerttemberg (LBBW). Mr. Sturm mentioned that the centre, started in November 2008, has currently 24 companies occupying almost 40 capacity of the centre. Mr. Rajnish Tiwari, Research Associate, at the Institute of Technology and Innovation Management, spoke on the topic Indian Investments in Germany: Actual trends and critical success factors, pointing out that the cumulative sum of Indian FDI in Germany at about 4.125 billion, is higher than German investment of US$ 3.5 billion in India since 1991. He said that a total of 190 Indian subsidiaries operating in Germany have around 23600 employees in their payrolls. According to Mr. Tiwari, the growing Indian economy will bring more revenue to Indian companies and the trend of Indian investments in Germany would increase in the coming years. Meeting with Deputy Director, Foreign Trade Relations, Asia/Pacific, Bavarian Economic Ministry 13. Consul General met with Dr. Katja Hinz, Deputy Head, Foreign Trade Relations, Bavarian Economic Ministry, along with officials from the Bavarian Economic Ministry s investment promotion bureaus Invest-in-Bavaria and Bayern International over lunch in Munich on January 19, 2011. The meeting was conceived as a prelude to the visit of the Bavarian Economic Minister Mr. Martin Zeil to Bangalore, Pune and Delhi along with a 40 member strong business delegation from January 13-19, 2011. Consul General briefed the officials on the Indian growth story, the strong and growing Indo-German and Indo-Bavarian relations, the focus on the Indian infrastructure sector and the future prospects. Dr. Hinz mentioned that the Bavarian State Office in Bangalore is celebrating its 10 th anniversary this year and the visiting delegation will attend a special ceremony in this regard. Consul General also offered support in facilitating political and business meetings in India. Launching of Telepresence Room of Tata Communications in Munich 14. Tata Communications launched its Telepresence Room at Le Meridien Hotel in Munich on January 19, 2011, in the presence of around 50 invited guests from the Bavarian Government, industrial associations and representatives of companies. Mr. Claude Sassoulas, Managing Director, Europe and Africa, Tata Communications, in his presentation said that telepresence is a high-definition video conferencing service with brilliant video and audio quality. He informed that the Telepresence rooms have already been launched in more than 32 international locations and Munich is the second one in Germany after Frankfurt. Tata Communications is mainly targeting SMEs as big companies normally have their in-house facilities. INDIBAY Meeting 15. INIDBAY, the Indo-Bavarian Forum, hosted their 1st meeting on January 20, 2011, in Munich. The meeting was attended by around 25 invitees, representing Bavarian Government, Indian Institute Munich, tourism and Ayurveda consultants, businessmen from SMEs etc. Welcoming the guests, Dr. Martin Huebler, President of INDIBAY mentioned that the forum was founded in 2010 with an objective to offer a platform in Bavaria for exchange of experiences/views/ideas for Germans and Indians living in Bavaria, wherein the focus topics would be modern India and modern Bavaria. He said that INDIBAY will try to promote political, economic and scientific relations between Bavaria and India. He added that apart from conducting meetings/presentations, INDIBAY will also attempt to lead business/cultural delegations to India 9
and will support Bavarian SMEs in their business activities in India. Consul General gave a presentation on the topic Indian Economy and chances for Bavarian/German companies. Meeting with Head of Department, Economics Policy And International Relations, Baden- Wuerttemberg Ministry of Economics 16. In connection with the visit of the Economic Minister of Baden-Wuerttemberg Mr. Ernst Pfister to Chennai, Mumbai and Pune from February 6-12, 2011, Consul General met Mr. Hartmut Reichl, Mr. Juergen Oswald, and Mr. Christoph Seitzer from the Baden-Wuerttemberg Ministry of Economy along with Dr. Herbert Neuland, Managing Director, Baden-Wuerttemberg International on January 21, 2011 in Stuttgart. The objective of the meeting was to brief the officials on their upcoming visit along with a 17 member delegation. The officials informed Consul General that the delegation will be visiting bc India 2011, the Indian version of Bauma, the International trade fair for construction machinery, building material machines and construction vehicles in Mumbai and also be hosting Business Forums titled Baden-Wuerttemberg, The German Southwest: your Gateway to Indo-German Synergies both in Chennai and in Pune. Consul General briefed the delegation on upcoming opportunities in sectors like urban development, energy, processed food, automotive, mechanical engineering in India. Republic Day Celebrations: Indian Institute: Munich 17. The reputed Indian Institute Munich organised a grand function to mark the 62nd Republic Day of India at the famous Volkerkunde Museum in Munich on January 26. The event was attended by over 200 people. The programme included a presentation by Mr. Frank Elbe, former German Ambassador to India on the topic The rise of India - Chances and Risks. Ambassador Elbe touched upon the economic liberalisation of Indian economy which led to the robust growth in the recent years, the growing Indo-China bilateral trade, growing tensions in the neighbouring countries and the political scenario in India. Consul General set the overall backdrop to ambassador Elbe s presentation, highlighting the key factors which tilt the balance towards optimism. The event also included a Sitar performance by local artist Mr. Sunil Banerjee and ended with a reception. Meeting with Ms. Nicola Doll of Travellers World magazine 18. Consul General met Ms. Nicola Doll of Travellers World magazine on 27 January. Traveller s World is an important upmarket German language travel publication from Munich. The magazine caters to the high-end German language niche mainly in Germany, Switzerland and Austria and is published on quarterly basis. Ms. Doll briefed CG about the special supplement on India in their latest issue, which they brought out in cooperation with the India Tourism office in Frankfurt. Traveller s World has in the past carried extensive articles on India and has demonstrated a very favourable and genuine inclination towards coverage of India. Republic Day Celebrations in Nuremberg 19. The German-India Society (DIG) Nuremberg organised a special event to mark the Republic Day on January 29, 2011 in Nuremberg. The event was attended by around 35 people. Mr. Sundaram Iyer, President, DIG Nuremberg welcomed the guests. Mr. Foerther, Mayor of Nuremberg in his greetings mentioned that the City of Nuremberg is keen to have close business ties with India and said that the Nuremberg trade Group is active in India hosting two trade fairs namely BioFach India and BulkSolids India. Consul General spoke on the opportunities for the companies from the region and urged them to take full advantage of the visits of Bavarian and Baden-Wuerttemberg Economic Ministers to India in February 2011. DIG Nuremberg also screened a film on Ganges. The event ended with a reception. 10
XII) Trade Fairs in Germany BAU 2011 20. BAU 2011, world s leading trade fair for architecture, materials and systems, took place at the Munich trade fair centre from January 17-22, 2011. BAU is held in Munich in every two years since 1964. The fair focuses on architecture, materials and systems for industrial and commercial construction, residential construction and interior building and covers sectors like planning, building and design process. BAU was inaugurated by Federal Minister for Building and Urban Development Dr. Peter Ramsauer this year where the top themes were sustainable building and building for life. BAU 2011, has attracted around 238,000 visitors, particularly noticeable was the participation from India; 5 Indian companies presented their latest products and services. The Builders Association of India were also present. XIII) General Economic News Turnover of Bavarian Manufacturing Industry increases by 13.2 in 2010 21. The turnover of the Bavarian manufacturing industry has increased by 13.2 to 296.2 billion in November 2010, compared to the same month of the previous year. Out of this, 156.7 billion were achieved through exports. The export share during 2010 reached 52.9. The number of incoming orders increased during 2010 increased by 20.1, out of which domestic orders increased by 18 and the foreign orders increased by 21.6. The number of employees in Bavarian manufacturing increased in 2010 by 0.7, compared to 2009. Baden-Wuerttemberg Industrial Production increases by 14.9 during 2010 22. Baden-Wuerttemberg s industrial production increased during 2010, by 14.9, compared to the same period of the previous year. The highest growth was marked by the Automotive and automobile component industry (30.5), followed by metal industry (24.14), electronic industry (21.8), etc. The production in the pharmaceutical industry however decreased by 4.7 during 2010. XIV) Publicity of Trade Fairs/Events Conducted in India 23. During the month, CGI Munich gave wide publicity among the German industrial associations, business federations and chambers of commerce & industry to the following trade fairs/events in India to encourage German participation: A. 2 nd Global Economic Summit from January 27-29, 2011 in Mumbai, organised by the All India Association of Industries (AIAI). (www.globalsummit2011.om ). B. Reverse Buyer Seller Meet for Rubber Products from January 20-21, 2011, organised by Capexil at Chennai Trade Centre (wwww.capexil.com/latest_events.php.) C. 19 th International Engineering & Technology Fair (IETF) from February 10-12, 2011, held at Pragati Maidan, New Delhi, organised by Confederation of Indian Industry (CII). (www.ietfindia.in ) D. 2 nd Food & Agri Exporters Enclave, on February 8 th 2011 at ASSOCHAM House, New Delhi, organised by ASSOCHAM (www.assocham.org/events) E. 9 th International Railway Equipment Exhibition (IREE 2011) from September 28-30, 2011, at Pragati Maidan, New Delhi, organised by Confederation of Indian Industry (CII). (www.ireeindia.com) F. 17 th Partnership Summit 2011 at Mumbai from January 24-25, 2011, oragnised by Confederation of Indian Industry (CII) in association with Ministry of Commerce and Industry, Government of India. (www.partnershipsummit.com ) 11
24. The report issues with the approval of Consul General. (Dr. Binoy George) Consul (PIC) February 24, 2011 12