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26-28 March 2012 - Seminar CII

H.E. Mr. Gaston Stronck, Ambassador of Grand - Duchy of Luxembourg in India, during his two days visit to Pune, joined the group of Luxembourg NGO “Aide à l’Enfance de l’Inde”. Mr Stronck met with Mr. Dipankar Das - Head - Corporate Travel Management, Suzlon Energy Ltd, Mr. Baba Kalyani - Chairman & Managing Director, Charat Forge and have attended CII seminar held at Koregaon Park in Pune.

Objective of Pune's visit:

For more than two decades, the Luxembourg economy has consistently performed at the highest levels, with strong growth, high international trade surplus, low unemployment and low inflation in a stable, innovative environment for business and consumers alike.

Luxembourg’s relative outperformance, even during economic downturns, derives from several factors and policies. Diversification has been a major priority since the 1960s, when Luxembourg began to move away from its strong reliance on the steel industry into high tech manufacturing and banking. Today’s economy is a balanced blend of financial services, high value-added manufacturing, retail and e-commerce, communications and logistics services, with a focus on exporting goods and services to and throughout the European Union and beyond. Stability of Government finances is equally important. Taxes are low, and so is public debt, which in 2010 was a mere 16 percent of total GDP, one amongst the lowest in the European Union.

The objective of the Ambassador’s visit was to build on the partnership between India and Luxembourg and discuss how Indian companies could look at more business opportunities with Luxembourg companies and learn more on doing business with Luxembourg.