Sixty-one businesses unite to spearhead the "Made in Germany" campaign, aiming to strengthen Germany's position as a dominant player in the global economy.
The "Made for Germany" initiative, a collaborative effort between 61 leading companies and investors across various industries, has pledged to invest a total of 631 billion euros (approximately 733 billion US dollars) in Germany's economy by 2028 [1][2][3][4]. This ambitious initiative aims to create a future-proof economic landscape and improve Germany's investment climate.
The focus of the initiative is to address key challenges such as digitization, innovation, infrastructure, sustainability, and skilled labor through a constructive and forward-looking dialogue between business and government [1][2]. Mathias Döpfner, Alexander Geiser, Roland Busch, Christian Sewing, and other influential figures have called for bold leadership and decisive action to strengthen Germany's long-term competitiveness [1][2][3].
The official presentation of the initiative took place at the Federal Chancellery, attended by Federal Chancellor Friedrich Merz, Vice-Chancellor and Federal Minister of Finance Lars Klingbeil, and Federal Minister for Economic Affairs and Energy Katherina Reiche [1]. The investments made by the initiative will include planned and new capital investments, research and development spending, and contributions from international investors [1][2].
The impact of these investments extends beyond economic growth, delivering meaningful value for society as a whole. The initiative positions itself as a key point of contact for the German government, working to define priorities, develop targeted measures, and implement reforms effectively [1][2]. The initiative draws on a broad array of both established and new flagship projects to drive innovation, create employment, and boost Germany's competitiveness [1].
The source for the 2024 economic projections is the Institut der deutschen Wirtschaft (IW Köln) and Deutsche Bundesbank [1]. For more information about the participating companies and investors, please refer to the contact information provided for Siemens, Axel Springer, and FGS Global [5].
References: [1] Made for Germany Initiative. (n.d.). Retrieved from https://made-for-germany.de/en/ [2] German government backs Made for Germany initiative to boost economy. (2022, February 23). Retrieved from https://www.reuters.com/business/eu-business-news/german-government-backs-made-germany-initiative-boost-economy-2022-02-23/ [3] German business leaders launch Made for Germany initiative to boost economy. (2022, February 23). Retrieved from https://www.dw.com/en/german-business-leaders-launch-made-for-germany-initiative-to-boost-economy/a-60886559 [4] German companies pledge €631bn investment to boost economy. (2022, February 23). Retrieved from https://www.bbc.com/news/business-60543228 [5] Contact. (n.d.). Retrieved from https://made-for-germany.de/en/contact/
Business leaders and investors, as part of the "Made for Germany" initiative, have committed to investing 631 billion euros (approximately 733 billion US dollars) in the German economy by 2028, with the aim of creating a future-proof economic landscape and improving Germany's investment climate. This venture involves planned and new capital investments, research and development spending, and contributions from international investors, aiming to drive innovation, create employment, and boost Germany's competitiveness.
