Reported about 1 month ago
Swiss firms, including ABB and Kuehne+Nagel, are increasingly investing in India, driven by a forthcoming $100 billion trade agreement that will reduce tariffs and support trade over a population market of 1.4 billion. As companies seek to diversify from China amid economic slowdowns, India's robust growth, supported by expectations of a 7% economic increase this year, positions it as an attractive destination. The trade deal aims to foster investments, potentially creating 1 million jobs, while Swiss businesses like ABB are expanding local manufacturing and R&D facilities.
Source: YAHOO