Potential for Growth
The dynamic growth of the Indian economy has stimulated the business relations between Hamburg and the subcontinent. The overall foreign trade with India has increased between 2002 and 2014 from 452 million to 1.25 billion EUR. The Hamburg port plays an important role in this context as the container shipping has increased from 76.000 TEU in 2003 to 236.254 TEU in 2014, including shipping via Sri Lanka. Hamburg mainly imports textiles, chemical products, food and feed from India.
Companies in India and Hamburg
Almost 550 companies from Hamburg participate in the trade with India, with more than 100 of them maintaining offices or production sites in India. Among these companies are well-known enterprises such as Biesterfeld International GmbH, Mumbai, Eppendorf India Ltd., Chennai, Helm India Pvt. Ltd. Mumbai, Evotec (India) Pvt. Ltd., Thane, as well as Illies Engineering India Pvt. Ltd., Mumbai and Delhi. On the other hand, more than 40 Indian companies have established branch offices in the metropolitan region of Hamburg.
Actors and Institutions
Several actors and institutions in Hamburg support the economic relations with India, such as the German-Indian Round Table (GIRT), a platform for SMEs, the Hamburg Chamber of Commerce, the HWF Hamburg Business Development Corporation mbH, the Ministry for Economics, Transport and Innovation and the OAV German Asia-Pacific Business Association. However, companies can also rely on support on the ground in India. The “HamburgAmbassadors” Mr Frank König, head of C. Illies & Co in Mumbai, and Ms. Amita Desai, head of Goethe Zentrum Hyderabad, represent Hamburg in India and are more than willing to assist Hamburg companies intending to do business in India and vice versa. Another contact point for Indian and Hamburg companies in India is the Hamburg Representation Mumbai established in 2011. It is meant to strengthen not only the economic relations between both regions, but also the political and cultural ones.