German Ambassador Celebrates New Business Network in India
Launch of Federation of European Business in India (FEBI)
Philip Ackermann, the German Ambassador to India, expressed his excitement about the launch of the Federation of European Business in India (FEBI) in Delhi. He believes this organization will enhance free trade agreement negotiations between India and Europe.
Importance of FEBI
Ambassador Ackermann highlighted that FEBI is a significant network comprising over a hundred European companies. It serves as an umbrella organization for bilateral chambers of commerce, playing a crucial role in the Indian business ecosystem. He anticipates FEBI’s active involvement in various fields, especially in FTA negotiations between India and the EU.
Condolences for Ratan Tata
Ambassador Ackermann also expressed his condolences on the passing of Ratan Tata, a respected Indian industrialist and philanthropist. He remembered Tata as an icon of India and a fantastic entrepreneur.
About FEBI
FEBI is an independent organization that unites European businesses in India. It aims to strengthen the EU’s policy advocacy and acts as a bridge between government and businesses. Supported by the EU Delegation in India and EU Member States’ Embassies, FEBI is the EU’s official Chamber of Commerce in India, promoting European business interests and trade relations.
Doubts Revealed
Philip Ackermann -: Philip Ackermann is the German Ambassador to India. An ambassador is a person who represents their country in another country.
Federation of European Business in India (FEBI) -: FEBI is a group that includes many European companies working in India. It helps in making business connections between India and Europe.
Free trade agreement -: A free trade agreement is a deal between countries to trade goods and services with fewer taxes and restrictions. It helps in making trade easier and cheaper.
Bilateral chambers of commerce -: These are organizations that help businesses from two different countries work together. They support trade and investment between the countries.
Ratan Tata -: Ratan Tata is a well-known Indian industrialist and former chairman of Tata Group, a big company in India. He is respected for his contributions to business and society.
EU Delegation in India -: The EU Delegation in India is a group that represents the European Union in India. They work on building relationships between the EU and India.
EU Member States’ Embassies -: These are the offices of countries that are part of the European Union, located in India. They help in managing relations between their countries and India.
