Swiss firms eye India as trade pact promises more opportunities

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ZURICH: Investments in India by Swiss companies such as engineering group ABB and transport firm Kuehne+Nagel are on the rise, with a US$100bil regional trade deal expected to further open it up to businesses long geared towards China.

India’s appeal has already reflected a broader shift among businesses in Europe eager to balance the costs of a US-China trade spat and recognition that the Chinese economy is, by comparison to India, losing steam.

The plant, which will make parts for the reclining mechanism in car seats, will meet demand from Indian and international customers for a local supplier which makes it easier and quicker to get the right components.“We see huge potential in India,” said Feintool’s India managing director Tobias Gries.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIcelandIndiaLiechtensteinNorwaySwitzerlandUnited States

Topics: Corporate News Swiss /Business/Business News Kuehne+Nagel ABB

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 00:00:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 825 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23292222

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