“Made for Germany” initiative to invest 735 billion euros
An alliance of companies has pledged clear support for Germany as a business hub and plans to drive economic growth through major investments.
‘Made for Germany’ initiative pledges investment of 735 billion euros by 2028 to strengthen Germany as a business hub. Since its launch in July, 44 companies have joined, bringing total membership to 105. They include medium-sized firms, international corporations and startups.
“Companies are prepared to take on responsibility and are determined to act to help drive a turnaround in growth,” the alliance said in a statement.
At the first meeting of the initiative in the Chancellery in July, Federal Chancellor Friedrich Merz described it as one of the biggest investment drives of recent decades.
According to the initiative, the total covers both planned and new capital investment, spending on research and development, and pledges made by international investors. A “triple-digit billion sum” is said to be earmarked for new projects, including investments initiated by Siemens and Deutsche Bank.