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Home arrow News arrow Business News arrow Swiss economy waiting for partnership with Indian companies: Philippe Welti
Swiss economy waiting for partnership with Indian companies: Philippe Welti Print E-mail
Written by Viswanath   
Wednesday, 03 November 2010
Chennai: "Switzerland is one of the leading investors in India and there is tremendous opportunity for cooperation in hi-tech manufacturing and financial services," said H. E. Philippe Welti, Ambassador of Switzerland to India at the CEO Dialogue Session organized by CII.

Welti said that both India and Switzerland have always shared healthy trade ties and need to further strengthen it as both the nations have huge potential for growth. He said that Indian companies investing in Swiss is considered as a new trend and the Swiss economy is waiting with an open door for partnership with Indian companies.

Rajiv Rai, Past Chairman, CII Tamil Nadu State Council & Chairman, RKKR Steels Ltd  in his address said that  Indian economy is growing around 8-9% and there is an immense potential for the two countries to widen and deepen their bilateral and trade relationship. He said that Switzerland remains an important source of foreign investments in India with some 140 joint ventures operative in India in diverse fields such as engineering, industrial equipment, pharmaceutical, precision instruments, textiles etc.

Ravi Chaudhry, Chairman, CeNext Consulting and Investment Pvt Ltd and Strategic Advisor, Switzerland Trade and Investment Promotion spoke about the opportunities and advantages in investing in Switzerland. He said that Switzerland is the gateway to access the large European market and also one among the top 5 trade enabling countries.

Modern and flexible corporate law, competitive labour market and transparent system are some of the added advantages for companies investing in Switzerland, Philippe Welti said.

Daniel Kung, CEO, OSEC, Switzerland in his address said that Switzerland should be known for other important things besides chocolates and watches.

 Switzerland provides opportunity for partnership for collaboration in medical and pharmaceuticals industries besides hi-end products and services, he added.

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