The Federation of German Industries (BDI) presented its current transformation study in September. In it, the association analyzed Germany as a business location in a “ruthless inventory,” according to the German Textile and Fashion Industry Association (Textil + Mode). Textil + Mode sees its own problem analysis confirmed: “High energy prices, excessive bureaucracy and taxes that are far too high compared to other countries” in particular are making Germany less competitive.
According to the study, 15 areas of action are needed to “restore competitiveness, secure the industrial base and accelerate growth.” Investments of up to 1.4 trillion euros are needed for these transformation processes by 2023.
Dr. Uwe Mazura, CEO of Textil + Mode, says: “20 percent of industrial value creation in Germany is under threat. The detailed and comprehensive location analysis by the BDI shows that deindustrialization, especially in small and medium-sized enterprises, is already a reality. Those responsible for politics must finally ensure that Germany is fit for business with a triad of ecological progress, economic competitiveness and technological openness. In its study, German industry has described clear courses of action for this. These must now be implemented quickly, because time is running out.”
According to Mazura, it is not innovations or courageous entrepreneurs that are lacking, but rather political decisions “that will finally loosen the shackles and enable us to keep up with international competition in terms of energy prices and taxes.”