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German Business Initiative to Invest 735 Billion Euros
The "Made for Germany " initiative is led, among others, by Siemens and Deutsche Bank. Since the summer, it has grown from 61 to 105 members and now includes multinational corporations as well as SMEs and start-ups. On September 30 , US software giant Microsoft announced it was joining the group.
The funds in question include new capital investments, expenditures for research and development and pledges made by international investors.
"With Made for Germany , we are sending a clear signal," the group said in a statement quoted by various German newspapers. "We're committed to Germany as a business location. We aren't withdrawing capital. We're investing and in so doing are actively shaping Germany's future."
"The increase in the amount of money being discussed and the number of members speaks volumes about the significance of the Made for Germany initiative," says Germany Trade & Invest CEO Julia Braune . "Dynamic economic developments are underway in Germany , and international businesses can get involved and profit from that."
Contact:
Jefferson Chase , Senior Communications Manager, Germany Trade & Invest, Friedrichstrasse 60, 10115 Berlin, Germany.
jefferson.chase@gtai.de
+49 30 200099170
View original content:https://www.prnewswire.co.uk/news-releases/german-business-initiative-to-invest-735-billion-euros-302572360.html