Sri City, December 2, 2019:- Ms. Karin Stoll, Consul General, German Consulate in Chennai visited Sri City on Monday. Mr.Ramesh Subramaniam, President, Sri City Foundation extended a warm welcome, and briefed her on the infrastructure, unique features and the brisk pace of development in Sri City. The Consul General evinced keen interest and inquired on different aspects of Sri City. Following the briefing session, the Consul General went round the industrial park.
Impressed with Sri City’s business friendly ambience, the Consul General stated,”Thank you for giving me an e excellent insight into the possibility of Sri City as an investment destination for German companies, especially the the Small and Medium Enterprises (SMEs).”
Commenting on the visit Mr. Ravindra Sannareddy, Founder Managing Director, Sri City said,”India has emerged as a destination that investors across the world, including Germany cannot overlook. India’s manufacturing sector has evolved through several phases to the current state of global competitiveness. Germany is the 7th largest foreign direct investor in India during the past two decades, and India is the 6th largest recipient of FDI from Germany.”
Stating that Interaction of this kind will further enhance business ties between the two countries, he added,”I am confident, Consul General’s visit would pave way for some more investments from that country in Sri City.”
The purpose of her visit was to see the business city in person and have the first hand knowledge of the progress achieved.