www.chinaview.cn 2006-03-10

 BERLIN, March 9 (Xinhuanet) -- German Economics and Technology Minister Michael Glos warned here Thursday German companies not tomiss opportunities in China and India.

    "We must use the chances that are offered to us in both countries," he said at a conference organized by Germany's Chamberof Trade and Industry (DIHK).

    Glos said that the strong flow of investment and exports to other parts of the European Union by Germany's small-to-medium sized companies had been appropriate and very successful so far, but "looking towards the medium term this is probably not enough."

    He added that German companies need to invest in both China andIndia in their infrastructure development and specific sectors such as engineering and environmental technology.

    DIHK president Ludwig Georg Braun echoed him by saying that corporate Germany needed to be careful that it did lose its position at the top of international investors in research and development in China and India.

    The German DIHK has been pushing for stronger business role in the two Asian countries, where economic growth has been rapid.