ENA Sectors 2024-03-18 18:16:26 <p><span style="font-size:14px"><strong>New Delhi, Mar 18 (KNN)</strong> Swiss companies, including renowned names like chocolate maker Barry Callebaut Group and technology giant B&uuml;hler, are actively exploring investment prospects in India, revealed Helene Budliger, Swiss State Secretary for Economic Affairs.</span></p> <p><span style="font-size:14px">Acknowledging the burgeoning interest of Swiss enterprises in the Indian market, Budliger emphasised that numerous Swiss companies are keen on investing in India across various sectors, with many small-scale enterprises also looking to make their mark in the market.</span></p> <p><span style="font-size:14px">She stated, We are aware of numerous Swiss companies interested in investing in India. There are too many to list all of them here, but we are happy to share some examples ... There are many small Swiss companies that are interested in entering the market. </span></p> <p><span style="font-size:14px">HESS Green Mobility, for instance, is planning to venture into India's electric bus manufacturing sector, aiming to produce approximately 3,000 electric buses by 2025. This ambitious plan entails an investment of USD 110 million over the next six to eight years, reported PTI.</span></p> <p><span style="font-size:14px">Barry Callebaut Group is also gearing up to inaugurate its third manufacturing facility in India operational by 2024, marking a total investment of over USD 50 million in the country over the past five years.</span></p> <p><span style="font-size:14px">Similarly, B&uuml;hler, a leading Swiss technology firm, is eyeing an additional investment of USD 23 million over the next two to three years to commemorate the 30th anniversary of B&uuml;hler India.</span></p> <p><span style="font-size:14px">The recent Trade and Economic Partnership Agreement (TEPA) signed between India and the European Free Trade Association (EFTA) on March 10 has further bolstered investment prospects.</span></p> <p><span style="font-size:14px">Under this agreement, New Delhi secured a commitment of USD 100 billion investment over 15 years from the EFTA bloc, while facilitating the import of several products such as Swiss watches, chocolates, and cut and polished diamonds at reduced or zero duties.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37080 https://knnindia.co.in/news/newsdetails/sectors/swiss-companies-eyeing-indian-investment-opportunities-across-various-sectors 2024-03-18 18:16:26 knnindia.co.in