German Ambassador Hails Launch of Federation of European Business in India, Advocates for Stronger EU-India Trade Relations

Pictures’ Credit: x.com/AmbAckermann

In a significant development for European businesses in India, Philip Ackermann, the German Ambassador to India, welcomed the launch of the Federation of European Business in India (FEBI) in New Delhi. 

The new organization aims to bolster the ongoing negotiations for a free trade agreement (FTA) between India and the European Union. FEBI’s Role in Enhancing Trade Relations 

During an interview with ANI, Ackermann emphasized the importance of FEBI in the Indian business landscape. “It’s a great moment. I think FEBI is a very, very interesting network. It is now a network that has over a hundred companies from Europe, and it’s an umbrella organization of all the bilateral chambers of commerce,” he stated. 

He underscored that Europe is playing an increasingly significant role in India’s economic ecosystem. “In the near future, we will see FEBI being very active in many fields, not least also when it comes to the FTA negotiations between India and the EU,” he added. 

The Federation of European Business in India is an independent organization designed to unite European businesses and national bilateral chambers, amplifying their collective voice in EU policy advocacy. It acts as a credible intermediary between the government and businesses, ensuring that European interests are represented.

Condolences for Ratan Tata 

In addition to discussing FEBI, Ambassador Ackermann expressed his condolences following the passing of Ratan Tata, the esteemed Indian industrialist and philanthropist.

 “We are very sad and we mourn with his family and his friends. He was an icon of India. I had the privilege to meet him 15 years ago. I still vividly remember him. And I must say it’s a great loss for India. He has been a wonderful person, a philanthropist, but also a fantastic entrepreneur, the pride of the nation,” he remarked. 

Support and Future Initiatives FEBI, supported by the EU Delegation in India and the embassies of EU member states, will serve as the EU’s official Chamber of Commerce in India. Its mission includes advocating for European businesses operating in the country and fostering closer trade relations between India and the European Union.