India is emerging as a top destination for global companies looking to reorganise their supply chains, according to Christian Sewing, CEO of Deutsche Bank AG.In an exclusive interview with CNBC-TV18, Sewing said, “A lot of global clients, a lot of multinationals, but also family-owned companies are in the process of reorganising their supply chains and production chains, and India is always top of the list.”
The German banking giant is doubling down on its presence in India, where it has operated for 45 years. Deutsche Bank now employs 23,000 people in the country and has recently infused $800 million in capital to support growth. “We want to grow, and our clients want to grow. It’s a very positive story,” Sewing said.
India’s large and youthful population is a major draw for global businesses. “It’s a market with 1.4 billion people… with such a young demographic—you can see in which direction it is heading,” Sewing noted, pointing to significant opportunities for European and German export-driven companies.He also highlighted India’s strong talent pool as a key reason for Deutsche Bank’s long-term commitment. Out of 90,000 global employees, more than 18,000–19,000 Indians are part of the bank’s core functions, including innovation, risk management, finance, and operations. “They are, so to speak, the backbone of Deutsche Bank as a group,” he said.Beyond being a large market, India is increasingly seen as a global hub for technology and innovation. “The technology, innovation, and skills we get from here are core to the overall bank,” said Sewing, adding that many corporates now view India as both a market and a source of strategic capability.Sewing described the overall sentiment in the country as highly upbeat. “I’ve been here now for three days, and I have to say, I’m amazed by the energy, the drive, the passion. It’s an economy that is clearly growing,” he said.
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