New Delhi: Swiss companies in areas such as solar energy and aviation are expected to invest in India following the country's decision to further open up its economy to foreign investments.
A senior minister from Switzerland said here that companies from that country have expressed willingness to make more investments in India and its move to open up the domestic market further to FDI is a good move.
"Market opening (up) would be a good thing for India. You are still a very closed market... We believe in open markets," Swiss Minister for Environment, Transport, Energy and and Communications Doris Leuthard told reporters.
Unveiling big bang reforms to boost the sagging economy, India last month cleared 51 per cent FDI in multi-brand retail besides giving green signal to overseas carriers for making 49 per cent investment in the aviation sector.
21/10/12 PTI/Economic Times
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A senior minister from Switzerland said here that companies from that country have expressed willingness to make more investments in India and its move to open up the domestic market further to FDI is a good move.
"Market opening (up) would be a good thing for India. You are still a very closed market... We believe in open markets," Swiss Minister for Environment, Transport, Energy and and Communications Doris Leuthard told reporters.
Unveiling big bang reforms to boost the sagging economy, India last month cleared 51 per cent FDI in multi-brand retail besides giving green signal to overseas carriers for making 49 per cent investment in the aviation sector.
21/10/12 PTI/Economic Times
