Government Delegation from India Visits Infineon’s HQ in Munich – Board Member Mittal Invited to Continue Dialogue in India - infrabuddy.com

Government Delegation from India Visits Infineon’s HQ in Munich – Board Member Mittal Invited to Continue Dialogue in India

Led by Mr.Ravi Shankar Prasad, Indian Minister for Communication and Information Technology, a delegation of 15 members comprising of  Indian government and industry representatives met with Arunjai Mittal, Member of the Management Board of Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY).

The visit emphasized the Indian government’s interest in the products and development activities of Infineon. Major infrastructure measures such as the expansion of the power network, construction of high-speed rail connections and the introduction of secure personal documents inevitably results in mutual points of interest. The delegation listened attentively to Mr. Mittal’s presentations, which described Infineon’s technology leadership in power electronics and security applications.

India Visits Infineon’s HQ in Munich

In response, Minister Mr.Ravi Shankar Prasad described the positive investment conditions to be found in India, emphasized India’s constant market growth and appealed for Infineon investments in India. He pointed out that the recent formation of a government under Prime Minister Modi will result in new opportunities, adding that basic conditions in India are much better than those found in neighboring countries.

Mr. Mittal gratefully accepted the invitation to a return visit to India. Infineon will remain in dialog with the government of India.

About Infineon

Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2013 fiscal year (ending September 30), the company reported sales of Euro 3.84 billion with close to 26,700 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

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