“Made for Germany” initiative planning large investments
At the Federal Chancellery, an alliance of more than 60 firms is presenting plans to invest billions in Germany.
Berlin (dpa) - Major German companies are planning to invest billions to boost the German economy. Ahead of a meeting between Federal Chancellor Friedrich Merz and business representatives at the Federal Chancellery, the Federal Government announced that companies had raised the prospect of investing several hundred billion euros. “We welcome the fact that companies are confident about investing in Germany and its jobs,” said Merz.
More than 60 companies and investors had signed up to the “Made for Germany” initiative by Monday morning. They have reportedly pledged to invest 631 billion euros in Germany over the next three years. This sum includes both planned and new capital investment, spending on research and development and pledges made by international investors.