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Eastern Germany Strengthens Business Ties with Asia

Thursday, April 21st, 2011

Asian investors are currently eyeing Germany’s eastern high-tech regions, as the country has unveiled a brand new airport to facilitate trade between the two regions.

Once the new facility becomes operational from June 2012, it will provide increased capacity and decreased travel times to Asian destinations.

Indian investors in New Delhi will receive a preview of the Berlin Brandenburg International Airport (BBI ) on February 22, 2011. Construction is now in full swing for the BBI , which is touted to have a capacity of 27 million passengers when it opens. The airport will also include an expansion option to handle up to 45 million passengers annually.

Eastern Germany is known for its numerous future-related industries, including renewable energy, semiconductor, and automotive industries. “Berlin Brandenburg International Airport strengthens Eastern Germany’s attractiveness as a high-tech business location,” said Michael Pfeiffer, chief executive of Germany Trade & Invest. “The airport further improves the already excellent infrastructure in the region and adds a new modern gateway to the entire world.”

Indian FDI stocks in Germany have nearly quadrupled since 2005, according to a release, and about half of all new investment projects are in the information technology (IT ) industry, including software and communications.

In the coming days Germany Trade & Invest will conduct several road shows in Asia in cities including Pune, Kuala Lumpur, Malaysia, and Beijing.

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