The 56th Annual General Meeting (AGM) of the Indo-German Chamber of Commerce (IGCC) was held in Mumbai on 7th November 2012 and Hon'ble Matthias Machnig, Minister Minister for Economy, Labour and Technology, Federal Free State of Thuringia, and H.E. Michael Steiner, German Ambassador to India were the Guests of Honour.

In the presence of over 600 members the new office-bearers of the IGCC for the year 2012-2013 were elected:

1. President - Mr V K Vishwanathan, President and Country Head, Bosch India and Managing Director, Bosch Limited
2. Vice President - Dr Armin Bruck, Managing Director Siemens Ltd
3. Treasurer - Joerg Strassburger, Managing Director & Country Representative of Lanxess India Private Ltd, continues to be the Honorary Treasurer of the IGCC

The AGM started off with the opening of Product Display Exhibition of over 25 IGCC member companies by the Hon'ble German Federal Minister in the presence of the German Ambassador and Mr. Bernhard Steinruecke, Director General of the IGCC.

The outgoing President, Clas Neuman, Senior VP and Global Head, SAP Labs Network gave the Welcome Address followed by speeches from the Guests of Honour, Minister Machnig and Ambassador Steiner.

The IGCC Award for outstanding contribution towards the promotion of Indo-German Economic Relations was given to Uhde India Pvt. Ltd. and EPCOS India Pvt.Ltd. (EIPL) received the award for outstanding export performance by an Indo-German joint venture.

The Dr Guenter Krueger Awards for Excellence, giving to an outstanding student of each of the Indo-German Training Centres (IGTC) was presented by Ambassador Steiner to Ms Aakanksha Sharma (Bangalore), Mr Jayaganapathy K. (Chennai), Mr Vineet Mehraia (Kolkata) and Mr Subramanian K Shivshankar Mumbai). The award ceremony was followed by the lucky draw of the two free Lufthansa tickets.

The year 2012 was a significant year with bilateral trade posting a 19% growth in 2011 adding on about