IGEP represents the German Federal State of Schleswig-Holstein in India on behalf of WTSH-Business Development and Technology Transfer Corporation of Schleswig-Holstein. Among all German federal states Schleswig-Holstein is a competent partner to ensure access to the European market, as its unique position between the North and the Baltic Sea enables it to act as a bridge from the western countries to Scandinavia as well as to the Baltic countries, Russia and Eastern Europe. Schleswig-Holstein has the second lowest trade tax in Germany. Additionally, low wage costs and moderate real estate and land prices in combination with a modern funding landscape makes Schleswig-Holstein a very attractive investment destination in Germany. In Schleswig-Holstein, 99% of the companies are small and medium-sized companies with fewer than 250 employees. This rate is well above the national average in Germany. Being an SME- based economy, Schleswig-Holstein is not only particularly innovative, but also less susceptible to fluctuations in the economy. Many of the medium-sized companies in Schleswig-Holstein specialize in niche segments, are internationally successful and many of them bear the tag of “hidden champions”. Companies in the state broadly fall in the following sectors - medical technology, the maritime and food industry, information and communication technology, mechanical engineering, renewable energies and the health industry. IGEP acts as a bridge for these companies to the large Indian market. Many of these companies have availed IGEP’s services to get to know more about India through market research reports prepared by us as well as using our broad range of services to enter the Indian market. Many of these companies have now established themselves successfully in India.
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