German Ambassador Highlights India's Role in Diversifying Business Engagement

In a recent statement, German Ambassador to India, Philipp Ackermann, addressed the need for Germany to diversify its business relationships in Asia. Responding to inquiries about reducing dependency on China, Ackermann stated, "So, I think we will certainly try to diversify more when it comes to our business engagement in Asia."

He outlined a "de-risking approach," stressing the importance of not relying too heavily on a single market. "Don't put all your eggs in one basket," he advised, suggesting that a diversified strategy would bolster Germany's economic stability and resilience.

Ambassador Ackermann pointed out that India presents a compelling alternative for German businesses seeking to expand their operations in Asia. "India is a very interesting alternative," he remarked, highlighting the country's growing economy and increasing integration into global supply chains.

His comments reflect a broader trend among European nations looking to recalibrate their economic strategies in light of changing geopolitical dynamics, with India poised to play a significant role in future business engagements.