- General Information on Luxembourg
- Luxembourg in India
- Prime Business Location
- Tourism
- Consular Assistance
- Visas to Luxembourg
- In the Press
- The Telegraph-12/01/2010 : Wine in demand
- Statesman News Service-11/01/2010 : Luxembourg invites Indian companies
- The Telegraph-13/01/2010 : Bengal taps Mittal for steel plant
- Indlaw News- 14/01/2010 : Luxembourg, Pharma offers trade opportunities to Indian companies
- Economic Times- 13/01/2010 : Luxembourg leaves call on Jharkhand to LNM
- Outlook Traveller- February 2008- 48 hours in Luxembourg
- Financial Express Special issue- 23/06/2009- Grand Duchy of Luxembourg. Broadening ties with India
- Minister Jeannot Krecké's Economic Mission to India in the Luxembourg Press
New Delhi > In the Press > Statesman News Service-11/01/2010 : Luxembourg invites In... >
Statesman News Service-11/01/2010 : Luxembourg invites Indian companies
Luxembourg invites Indian companies
11 January 2010
Statesman News Service
NEW DELHI, 11 JAN: The visiting Luxembourg minister for economy and foreign trade, Mr Jeannot Krecke, has invited Indian companies to forge partnerships with Luxembourg companies. “We are the masters of logistics, offering unparalleled access to the European markets and beyond. We are a gateway, serving as hubs for companies starting operations in Europe. Our stable social and regulatory environment makes for an ideal and predictable headquarter for your business. An encouraging tax system and a wide network of non-double taxation agreements make for an efficient operation of multinational activities,” Mr Krecke said.
Addressing a seminar on ‘India-Luxembourg: A Joint Venture for Mutual Benefit’ organised by the Federation of Indian Chambers of Commerce and Industry (Ficci) here today, Mr Krecke said: “I fail to see measures countering the reckless risk-taking and gambling real money on virtual financial products. I am disappointed to see that the only tangible effect of G20 has been to launch a campaign against fiscal competition. It is unfortunate to see that quite a few governments who spend a great deal of money on countering the financial crisis and dealing with the effects of recession are only thinking of getting back the money ~ and preferably from somebody else,” he said.
Mr Krecke said ideally national governments would have to address the underlying reasons for the mess. Unfortunately, “over the past few weeks we have seen that there is not much that is being done” he lamented.
Responding to the observations made by Mr OP Lohia, Ficci executive committee member and managing director of Indo Rama Synthetics, the Luxembourg minister said the Luxembourg government was determined to support the country’s economy in its reform process. “We will invest in education, infrastructure and innovation in order to help our companies gain markets at home and abroad.”
The seminar was also addressed by Mr Marc Courte, Ambassador of Luxembourg in India; and Mr Robert Dennewald, vice-president, Chamber of Commerce of Luxembourg.