Indo-German trade to cross 20 bn euros by 2012: study

Posted: 2007-09-17 00:00:00+05:30 IST
Updated: Sep 17, 2007 at 0015 hrs IST

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New Delhi, Sep 16 : Driven by the surge in bilateral investment, trade between India and Germany is likely to double to 20 billion euro in the next five years, says a study.

As a result, Germany would rise to become India's second largest trade partner from its current fourth position after the US, UK and Japan, the FICCI-KPMG paper, which outlines a roadmap to boost Indo-German trade and investment, has said.

The paper has identified several sectors like infrastructure and construction as the new areas of cooperation between the two countries.

—PTI

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