Visakhapatnam: Visakhapatnam as a fast-developing city can look to Switzerland and the local companies can form joint ventures with Swiss companies in many sectors to mutual advantage, Bangalore-based Consulate-General of Switzerland Rolf Frei said.
He was interacting with the local industrialists and investors at a session organised here by the Vizagapatam Chamber of Commerce and Industry.
On his maiden visit to the city, he said he was very impressed with the facilities and the beauty of the city. “The way I am being received is quite amazing. The city and its people are very warm and beautiful,” he added.
Frei said the Switzerland Government was looking at strengthening the bilateral ties in trade and commerce.
The Consulate office was opened in Bangalore two years ago recognising the investment potential in and from South India.
Frei said they were looking at investment opportunities in tourism, infrastructure, information and communication technology, retail, life sciences, clean technologies, research and development and education.
“Many from South India are investing in Switzerland because it’s the gateway to the Europe and has excellent infrastructure and tax incentives,” he stated.
Biotech and IT offices have been opened with an investment of $1 billion by Indians in Switzerland. The Swiss investment in India is of the order of $4 billion.
Thirty Indian companies with interest in Europe have so far opened their offices in Switzerland.
“We have stable political environment, skilled manpower and excellent infrastructure. Low taxes are the main attraction,” he said.
Chamber president K. Ramabrahmam, Symbiosys CEO O. Naresh Kumar and others spoke on the advantages of investing in Visakhapatnam and urged the Consul-General to bring in a delegation of Swiss industrialists and others the next time with him to showcase Vizag.
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