Swiss Investment Giant Sees Big Potential in India as Trade Deal Gets Final Approval
1 month, 3 weeks ago

Swiss Investment Giant Sees Big Potential in India as Trade Deal Gets Final Approval

Firstpost  

Swiss company TEPA has signed a deal with the European Free Trade Association (EFTA) to invest $100 billion in India. The deal will reduce tariffs on 94.7 per cent of exports to zero from an average of 22 per cent now, giving Swiss companies an edge over counterparts in the European Union and Britain, which are still negotiating agreements with India.

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Mint Quick Edit: Contain the damage from the Swiss roll-back of a tax benefit
1 week ago

Mint Quick Edit: Contain the damage from the Swiss roll-back of a tax benefit

Live Mint  

The investment relationship between India and Switzerland has taken a blow, with the latter having withdrawn the most favoured nation status it granted India as part of a double taxation avoidance agreement. The reason, it said, is the effect of a 2023 ruling by India’s Supreme Court on a case involving Nestle that the pact’s MFN clause doesn’t automatically kick …

Switzerland suspends ‘most favoured nation’ status to India, cites SC's Nestle case ruling
1 week, 2 days ago

Switzerland suspends ‘most favoured nation’ status to India, cites SC's Nestle case ruling

Hindustan Times  

Dividends of Indian entities will be taxed at 10% in Switzerland from January 1 as the European nation has suspended the most favoured nation clause in its Double Taxation Avoidance Agreement with India. REUTERS/Denis Balibouse In a December 11 statement, the Swiss finance department said the move follows a ruling by Supreme Court of India last year that the MFN …

Germany's De-risking Strategy in India: A Crucial Crossroads for the European Economy
2 months ago

Germany's De-risking Strategy in India: A Crucial Crossroads for the European Economy

Live Mint  

German Chancellor Olaf Scholz is visiting India this week to explore the potential of the vast Indian market. The visit comes at a delicate time for Germany, as its export-oriented economy faces a second year of contraction and worries over a trade dispute between the European Union and China. However, German companies are optimistic about India's growth potential, with a …

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal
4 months, 3 weeks ago

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal

India TV News  

New Delhii: Commerce and Industry Minister Piyush Goyal said on Tuesday that there is no rethinking in the government to support foreign direct investments from China, as was pitched by the Economic Survey recently. India faces two choices to benefit from the 'China plus one strategy' -- it can integrate into China's supply chain or promote FDI from China. China …

India Seeks Investment Of $50 Billion During First 10 Years Of Trade Pact With EFTA
9 months, 2 weeks ago

India Seeks Investment Of $50 Billion During First 10 Years Of Trade Pact With EFTA

ABP News  

India and four-nation European bloc EFTA will sign a free trade agreement on Sunday, which is likely to help promote investments and exports of key domestic services sectors such as IT, audio-visual, and movement of skilled professionals, an official said. Commenting on the pact, economic think tank Global Trade Research Initiative said that since 98 per cent of India's exports …

India failed to create positive impression among businesses moving away from China, says House panel report
1 year, 8 months ago

India failed to create positive impression among businesses moving away from China, says House panel report

The Hindu  

Despite resources, India has not been able to create a positive impression among businesses moving away from China, a parliamentary panel on commerce has said in its report tabled in the Rajya Sabha on Friday. The report stated that India has not been able to take advantage of the “China Plus One Strategy,” through which multinationals shifted manufacturing and production …

Indians' funds in Swiss banks: Govt seeks details from Swiss authorities
3 years, 6 months ago

Indians' funds in Swiss banks: Govt seeks details from Swiss authorities

India TV News  

The finance ministry on Saturday asserted that Indian customer deposits in Swiss banks have fallen since 2019, but said it is seeking details from Swiss authorities on the relevant facts along with their view on possible reasons for changes in the funds parked by individuals and entities in 2020. Quoting data from Switzerland's central bank, PTI had reported on June …

Why India could gain as firms move supply chains away from China
4 years, 4 months ago

Why India could gain as firms move supply chains away from China

Al Jazeera  

The Indian government has given incentives to electronics giants like Samsung to set up manufacturing plants. India’s latest set of incentives to entice businesses moving away from China seem to be working, with companies from Samsung Electronics Co. to Apple Inc.’s assembly partners showing interest in investing in the South Asian nation. Prime Minister Narendra Modi’s government in March announced …

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