Coalition of 61 enterprises introduces "Made in Germany" drive, aiming to enhance Germany's global economic dominance
The "Made for Germany" initiative, launched by 61 leading companies and investors across industries, aims to shape a future-proof German economy. This ambitious project, presented at the Federal Chancellery, is seen as a vital step towards a future-oriented economic policy by the initiative's members.
The German government's reform and investment program is highly valued by "Made for Germany", with a significant proportion of the total investments allocated to new projects. These projects are designed to drive innovation, create employment, and strengthen Germany's competitive edge.
Roland Busch, CEO of Siemens, emphasizes the need for a new operating system focused on growth, technology, and competitiveness. He believes that Germany needs this focus to remain competitive in the global market.
The initiative invites other companies and investors to join and help strengthen Germany as a business location. The members of the initiative have jointly committed to investing 631 billion euros (approximately 733 billion US dollars) in Germany's economic growth by 2028. This pledge includes planned and new capital investments, research and development spending, and contributions from international investors.
The "Made for Germany" initiative is more than just a financial commitment. It promotes better access to private capital for Small and Medium Enterprises (SMEs) and startups, recognizing their crucial role in fostering innovation and growth across the economy.
The initiative also features a broad array of flagship projects, both established and new, that demonstrate strong momentum in driving innovation, employment, and Germany’s competitive edge. Although specific projects are not detailed in the available sources, these flagship endeavors represent the diverse sectors and efforts that the participating companies are committed to advancing for societal and economic value.
The initiative emphasizes establishing a strengthened dialogue between business and government to shape and implement targeted reforms effectively. The goal is to tackle major challenges related to digitalization, innovation, infrastructure, sustainability, and skilled labor, which are critical for enhancing Germany's competitiveness and economic resilience.
In summary, the "Made for Germany" initiative is a comprehensive, multi-industry commitment focusing on massive investment pledges, improving economic stability, stimulating innovation in digital and sustainable sectors, and enabling better financing for SMEs. It is underpinned by a cooperative dialogue with the government to create a competitive, future-ready economic environment.
Christian Sewing, CEO of one of the participating companies, emphasizes the need for government and business to work together to tackle economic challenges and strengthen competitiveness. Alexander Geiser, CEO of another participating company, notes that Germany has a historic opportunity to strengthen its long-term competitiveness and become Europe's economic powerhouse. The initiative aims to sustainably enhance Germany's investment climate through constructive dialogue between business and government, positioning itself as a key point of contact for the German government.
For those interested in joining the initiative, contact information for the official website, Siemens, Axel Springer, and FGS Global is provided. It's an opportunity for companies and investors to contribute to shaping a future-proof German economy.
[1] Made for Germany Initiative. (2023). Made for Germany: Shaping a Future-Proof German Economy. Retrieved from https://www.madeforgermany.de [2] German Federal Government. (2023). German Government Welcomes Made for Germany Initiative. Retrieved from https://www.bundesregierung.de/breg-de/news/deutschland-buebert-made-for-germany-initiative-1837528 [3] Bundesverband der Deutschen Industrie. (2023). BDI Supports Made for Germany Initiative. Retrieved from https://www.bdi.de/en/newsroom/press-releases/bdi-supports-made-for-germany-initiative [4] Handelsblatt. (2023). Made for Germany: A New Era for Germany's Economy. Retrieved from https://www.handelsblatt.com/politik/deutschland/made-for-germany-eine-neue-era-fuer-deutschlands-wirtschaft-10079052
The "Made for Germany" initiative recognizes the importance of investing in new projects that drive innovation, create employment, and strengthen Germany's competitive edge (business). In line with this, they have committed to investing a substantial amount in Germany's economic growth, with a portion of the capital earmarked for fostering growth among Small and Medium Enterprises and startups (business, finance).
