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INGENO Group: INGENO Europrojekte | BPG | GQS | INGENO CONSULT BPK
11.07.2005
Asian growth market opens up new business opportunities for the INGENO Group

As a member of the economic delegation of the Land Brandenburg, Jens Flachsbarth travelled one week through China and Vietnam. Headed by Brandenburg’s Minister President Matthias Platzeck and Minister of Economic Affairs, Ulrich Junghans, the delegation members met not only with other businessmen, but also with high political officials.

Accompanying Mr Platzeck as the current president of the Federal Council, the Brandenburg delegation flew to Asia on board of a plane of the Federal Republic of Germany.
Especially in China, the business mission as part of an official delegation proved particularly useful for the participants. As before, the Chinese government participates significantly in investment projects, foreign participations and contracts. That is why contacts with the responsible officials are just as important as bilateral contacts with Chinese firms. The INGENO Group, part of the “rail technology” section of the Brandenburg delegation, could already establish valuable contacts with China’s Railway Ministry during the first stop in Peking.

After a second stop in Shanghai, with further talks between German and Chinese companies, the trip continued to Hanoi, the Vietnamese capital. This leg of the trip was especially interesting for the INGENO Group, as the Vietnamese, unlike the Chinese, are interested in co-operation projects rather than pure know-how transfer. More specifically in the field of public local transport, the region urgently needs to catch up, as a modern transport infrastructure is non-existent. The INGENO Group will be preparing a proposal for the planning of a light rail system in Hanoi. Given the rapidly growing population in the Hanoi region, short-distance traffic will be a key political issue and focal investment area in the years to come, so that a sustained demand can be expected.

Overall, the trip provided the participants with a better understanding of Asian business culture and a first access to a booming market. The quality of the contacts also benefited from the presence of Matthias Platzeck who travelled in his capacity of President of the Federal Council and was everywhere received with the appropriate honours.
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