German businesses unite under the "Made for Germany" initiative, aiming to strengthen Germany's industrial might on a global scale.
Made for Germany: A Coalition of 61 Companies and Investors Pledge €631 Billion to Boost Germany's Economy
The "Made for Germany" initiative is a collective effort by 61 major companies and investors who have pledged approximately €631 billion (~733 billion USD) in investments by 2028 to bolster Germany's economy and consolidate its position as a global economic powerhouse.
The key priorities of this initiative include enhancing Germany's investment climate, establishing a constructive dialogue between business and government, supporting small and medium-sized enterprises, and backing the German government's reform and investment programs aimed at future-oriented economic policies.
The initiative focuses on mobilizing significant investments into forward-looking sectors, particularly digital transformation and artificial intelligence, to reduce regulatory hurdles, foster innovation, and enhance collaboration between industry and government. This is aimed at securing Germany's long-term economic competitiveness and sustainability.
The initiative builds on both established and new flagship projects across various industries, such as automotive, mechanical engineering, chemicals, and electrical engineering. These projects are designed to drive innovation, create employment, strengthen Germany's competitive edge, and deliver societal value beyond pure economic growth.
Christian Sewing, CEO of one of the participating companies, emphasized the need for government and business to work together to tackle economic challenges and strengthen competitiveness. Roland Busch, CEO of Siemens, called for a new operating system focused on growth, technology, and competitiveness. Mathias Döpfner, CEO of Axel Springer, urged action to turn the momentum into real change in politics, business, and society.
The official presentation of "Made for Germany" took place at the Federal Chancellery, attended by key figures from participating companies and the German government. The speakers invited other companies and investors to join the initiative to strengthen and future-proof Germany as a business location.
For more information or to express interest in the initiative, contact information for our website, Siemens, Axel Springer, and FGS Global is provided. The German government's reform and investment program is viewed as a vital step towards a future-oriented economic policy by the initiative.
Sources: - Institut der deutschen Wirtschaft (IW Köln), 2024 - Deutsche Bundesbank, 2024
- This initiative, focused on digital transformation and artificial intelligence, is an investment in forward-looking sectors by various business entities, including financial institutions, as part of their broader strategic plans for participating companies and investors in the "Made for Germany" project.
- The objective of the "Made for Germany" initiative is not only to increase Germany's economic competitiveness but also to cultivate a favorable business environment that encourages finance-centric activities such as investing in startups and disruptive technologies, thereby fostering a robust and sustainable economy.
