Foreign investment updates about Germany
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German technology consulting company, Rohde & Schwarz, has unveiled a state-of-the-art facility in Bengaluru, India, marking a significant step forward in their presence within the country. Located in Manyata Tech Park, this new center signifies Rohde & Schwarz's dedication to the Indian market and aligns with the government&
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The Nemetschek Group, a leading software provider for architecture, engineering, construction, operation, and media (AEC/O) industries, has announced the opening of a new office in Mumbai, India. This marks their second location in the country, building upon their existing shared services, development, and research center in Hyderabad. For the
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According to Reuters, Volkswagen is stepping on the gas in South Africa, announcing a 4 billion rand ($210.67 million) investment to gear up its Eastern Cape plant for the production of a brand new SUV starting in 2027. This move strengthens South Africa's position as Africa'
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German automaker Volkswagen is making a major commitment to China's electric vehicle (EV) revolution with a 2.5 billion EUR investment in its innovation hub in Hefei, Anhui Province. This strategic move highlights Volkswagen's focus on accelerating localization and catering directly to the needs of Chinese
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German defense and automotive giant Rheinmetall is expanding its footprint in Central Europe with a brand-new "hybrid" plant in Szeged, Hungary. The groundbreaking ceremony, held on 26 March 2024, was a star-studded event attended by Hungarian Minister of Defence Kristóf Szalay-Bobrovniczky, Szeged Mayor Dr. László Botka, and other
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The renowned hair and nail care brand Wella Company has officially opened its new distribution center in Extrema, Brazil. This facility marks a significant milestone for Wella, being their third-largest distribution center globally. A Sign of Independence and Growth This new chapter aligns with Wella's recent independence from
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The BMW Group and NTT DATA Romania have inked a deal to establish a Joint Venture (JV) in Romania, signaling BMW's commitment to enhancing its global IT network and tapping into local software talent. The agreement, subject to regulatory approval, leverages NTT DATA's expertise in agile
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According to a press release, the BMW Group and Tata Technologies, a global leader in product engineering and digital services, have inked a deal to establish a joint venture (JV) aimed at creating a software and IT development hub in Pune, Bangalore, and Chennai, India. While the primary development and
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Leading Germany insurance and assistance company, Allianz Partners, has become the first foreign reinsurer to establish operations in the International Financial Services Centre (IFSC) GIFT City in Gandhinagar. This expansion marks a significant milestone for Allianz Partners and India's insurance sector. The company's IFSC Insurance Office
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Henkel, a renowned global leader in adhesives, has announced the construction of an Inspiration Center dedicated to adhesive technologies in Brazil, highlighting Henkel's commitment to fostering innovation and collaboration within the Brazilian market. The Inspiration Center will serve as a central hub for showcasing Henkel's latest