Peter Altmaier, Germany’s minister for economic affairs, has unveiled a long-awaited plan to strengthen Germany as an industrial location by putting more emphasis on large innovative companies.
The plan, called National Industrial Strategy 2030, aims to “secure or regain the economic and technological competence, competitiveness and industrial leadership at the national, European and global levels”.
The plan sets out several measures to implement this strategy, such as strengthening so-called “national and European champions”, large technology and manufacturing companies based in Germany and Europe. The plan names several companies whose success is said to be important to the national economic interest, including Siemens, BASF, Thyssenkrupp and Deutsche Bank.
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