Today : Saturday - Apr 19, 2014, 05:48am (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Education
Travel
Lifestyle
Gulf News
Featured
 
::| Latest News
News in Pictures

Seemingly unfazed at being ousted from the Asian Athletics Association, scam-tainted Suresh Kalmadi on Monday said losing the presidential re-election bid to Qatar’s Dahlan Jumaan Al-Hamad has actually given him a chance to work at the “grassroots” level.
“I have no issues today and I congratulate Mr Al-Hamad for being elected as President. I am rather relieved that I will be able to work at the grassroots level in athletics,” Mr. Kalmadi said after losing the vote during the ongoing AAA Congress in Pune.

National News
 

'Swiss companies keen to invest in India'

Friday - Nov 30, 2012, 12:05pm (GMT+5.5)
[+] Text [-]

New Delhi - Swiss companies are keen about business opportunities in India, a Swiss government official said here Thursday.

"Swiss companies are now not just looking at China. They are looking at Asian and Latin American markets that have high growth potential. They are looking at the growing middle class such as the one in India," Chris Watts, of Swiss government's Trade and Investment Promotion body, told IANS.

According to Watts, Switzerland is the eleventh biggest foreign investor in India and Swiss companies have created about 66,000 jobs in India in the last 10 years.

Currrently around 100 Swiss firms are doing business in India.

"Bilateral trade (between the two countries) is expected to grow 5-10 percent over the one to two years. I expect Swiss exports to grow little faster than Indian exports to Switzerland," he said.

The trade between India and Switzerland stood at around $5 billion last year. Indian companies too are showing a lot of interest in investing in Switzerland.

Watts was speaking on the sidelines of an event organised by the Swiss embassy to present Glenmark Pharmaceuticals chairman Glenn Saldanha with the Swiss Ambassador's Award for Exceptional Innovation.

Presenting the award Switzerland's Ambassador to India, Linus von Castelmur said: "Innovation has become the new driving force of Indo-Swiss partnership and Glenmark is a very good case in point. Glenmark Pharmaceuticals was the first Indian life science enterprise to establish a research and development facility outside India in 2006. Glenmark's 3000 sq m state of the art laboratory in La Chaux-de-Fonds employs 60 highly qualified scientists."

Saldanha told media persons present that Glenmark's research work in novel biologics resulted in its signing a landmark agreement with Sanofi of France, which was the first outlicencing deal by an Indian company and the largest deal across emerging markets in the area of novel biologics.





|

Rating (Votes: )   

blog comments powered by Disqus

Other Articles:
Delhi to launch food security scheme Dec 15 (30th Nov, 2012)
Revised proposal for new Pune military hospital cleared (30th Nov, 2012)
Subordinate legislation shouldn't be delayed: MPs (30th Nov, 2012)
Court query on Maharashtra information panel chief (30th Nov, 2012)
Mass protests if retail FDI decision not reversed: AITUC (30th Nov, 2012)
SC summons attorney general over IT Act (30th Nov, 2012)
BJP, Left welcome debate on retail FDI, also eye FEMA vote (30th Nov, 2012)
Karnataka rules out more Cauvery water to Tamil Nadu (30th Nov, 2012)
Matter of time before Trinamool splits: CPI-M (30th Nov, 2012)
DMK demands special meeting of PAC (30th Nov, 2012)
BJP, Left slams government's cash transfer scheme (30th Nov, 2012)
India to host workshop on nuclear security (30th Nov, 2012)
Namdhari's police custody extended till Nov 28 (30th Nov, 2012)
Centre opposes Tamil Nadu's claim on surplus power (30th Nov, 2012)
Bihar sacks 110 officials for corruption (30th Nov, 2012)
PUDR condemns, questions Kasab hanging (30th Nov, 2012)
Shimla teacher gets jail for raping disabled (30th Nov, 2012)
Sustaining Bihar's economic growth a challenge: Sushil Modi (30th Nov, 2012)
No Bangladeshis killed in Assam riots: Gogoi (30th Nov, 2012)
Allow plastic bag making for sale outside Delhi, court urged (30th Nov, 2012)
Government relents, FDI debate with vote Dec 5 (30th Nov, 2012)
SP, BSP trade charges in UP assembly (30th Nov, 2012)
Kerala Toursim campaign to focus on ayurveda (30th Nov, 2012)
Jews, Muslims to deliberate on Palestine (30th Nov, 2012)
UPA faces tough test in Rajya Sabha (30th Nov, 2012)




Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use