A functioning private sector is crucial for promoting sustainable economic growth and poverty mitigation in India. As growth proceeds, private companies become the main source of employment and livelihood support for the majority of workers and their dependents and have the potential to contribute to socially and regionally inclusive development. However, pervasive poverty, social inequality and increasing environmental degradation suggest that uncontrolled economic growth alone will not lead to sustainable development.
In order to achieve responsible competitiveness conducive to inclusive growth, stable political framework conditions, a positive investment climate, functioning markets and institutions and an intensive public-private dialogue are of essence. The concept of private-sector promotion is therefore based on a systematic competitiveness approach, which is implemented at the micro, meso and macro level.
Vision - Making India an economically vibrant region with a high standard of living for all individuals.
Mission - To promote India's economic growth and mitigate poverty by generating employment opportunities, boosting innovation, driving competitiveness and facilitating entrepreneurship, through collaboration between public and private sector.
The Private Sector Development programme currently runs four bilateral projects and two global projects:
The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is a global service provider in the field of international cooperation for sustainable development and international education work. GIZ has over 50 years of experience in a wide variety of areas, including economic development and employment, energy and the environment, and peace and security. As a public-benefit federal enterprise , GIZ supports the German Government - in particular the Federal Ministry for Economic Cooperation and Development (BMZ) – and many public and private sector clients in around 120 countries in achieving their objectives in international cooperation. With this aim, GIZ works together with its partners to develop effective solutions that offer people better prospects and sustainably improve their living conditions.
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