Switzerland stands at the 11th position amongst the top foreign investors in India

The Federation of Andhra Pradesh Chambers of Commerce & Industry organized a interactive meeting on ‘Trade & Industrial Relations with Switzerland’ on 22nd May 2012 at JS Krishnamoorthy Auditorium, Red Hills, Hyderabad. Mr. Rolf Frei, Consul General, Consulate General of Switzerland was the Chief Guest of honour for this session.

Mr. V.S. Raju, President, FAPCCI, Mr. Devendra Surana, Senior Vice President, FAPCCI, Mr. Srinivas Ayyadevara, Vice President, FAPCCI, Mr. Shyam Sunder Pasari, Chairman, International Trade Committee, FAPCCI and Mr. M.V. Rajeshwara Rao, Secretary General, FAPCCI are the speakers at the occasion.

Mr. Rolf Frei said in his key note address is that the commercial and trade relationship between India and Switzerland dates back to the pre independence days of India. It was as early as 1856 that a Swiss operation was established in India by the Volkhart Brothers. The relationship got further reinforced when India and Switzerland signed the Treaty of Friendship on 14 August 1948, the first such treaty to be signed by Independent India. Since then our bilateral relations with Switzerland have diversified and strengthened.

Despite the global economic slowdown, our trade graph has been looking upwards. The two ways trade expanded from US$ 7 billion in 2005-06 to US$ 35 billion in 2009-10, i.e. India remains one of the important investment destinations for Switzerland. Switzerland has always been amongst the top foreign investors in India. It stands at the 11 th position overall and 6^th position in Europe in terms of investments, with a cumulative FDI inflow of US$ 1804.63 million from April 2000 to December 2010. 

Photo Caption: 

001. Mr. Devendra Surana, Senior Vice President, FAPCCI, Mr. Shyam Sunder Pasari, Chairman, International Trade Committee, FAPCCI, Mr. Rolf Frei, Consul General, Consulate General of Switzerland, Mr. V.S. Raju, President, FAPCCI, Mr. V.V. Sanyasi Rao, Chirman, Rural Development Committee and Mr. M.V. Rajeshwara Rao, Secretary General, FAPCCI have participated at  interactive meeting on ‘Trade & Industrial Relations with Switzerland’ on 22nd May 2012 at JS Krishnamoorthy Auditorium, Red Hills, Hyderabad.