Germany is looking to fill the void as India’s entry to European Union. Governments and leaders on the both the leaders have already discussed the significances of Brexit and its effect on India and Germany.

At present Germany is said to be among India’s 10 top trading partners, with accumulated FDI by Indian companies in Germany exceeding €6 billion. One of the most vital EU trade partner for India it ranks 6th among the country’s global trade partners as a provider of goods and services. On the other hand India is Germany’s 25th most important trade partner, ranking 28th in the area of imports and 27th for exports.

Indian investments in Germany include the needs to grow new markets, expand company reputation, increase access to technology and lastly use Germany as a gateway to Europe. 80 significant companies of Indian companies operating in Germany indicate that four sectors account for 97 per cent of India-related revenues within Germany.

So far UK has remained the most significant investment destination in Europe for Indian investors. Together, at present the UK and Germany account for almost two-thirds of all Indian FDI undertakings with a total of 265 projects. This encompasses around 45.5 per cent of all Indian projects in Europe.

As per the analysis, 83 per cent of German Mittelstand companies do not have a succession plan in place. Till present 40 per cent of company owners in this economic sections were older. There is a huge potential for Indian investors if 290,000 owners expected external succession by 2018.