Business perspectives: kanoria chemicals, india/switzerland.
Industries Limited (KCI) is a leading manufacturer of chemical intermediates in India. With over five decades of experience in the chemicals industry'. KCI has started to diversify into renewable energy and knowledge-based sectors.
KCI acquired APAG Holding AG, Switzerland, in 2012. APAG is engaged in the development and sale of electronic and mechatronic modules and control devices for the automotive, consumer goods, power tool electronics and building automation industries. While APAG's designing and engineering facility is located in Switzerland, its products are manufactured in the Czech Republic.
Kanoria Chemicals is an Indian family-run company. Thus, the high commitment of our workforce, closeness to our customers and management approach are similar to those found in Swiss SMEs. Many Indian companies are becoming global operators and are investing abroad. Switzerland is an interesting location because it provides innovation in high-tech areas and has a top qualified workforce. Another core aspect is the fact that Swiss business culture is very international.
When we invested in APAG, we took Swiss free trade agreements for granted. APAG needs good market access as it is active in highly competitive markets. The FTAs of Switzerland and EFTA are helping to establish dynamic business models out of a small home market. Thus, the more FTAs Switzerland and EFTA conclude, especially with emerging markets, the more inbound foreign direct investment will come to Switzerland, says R.V. Kanoria, Chairman of Kanoria Cheinicals.
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|Title Annotation:||Investing in an EFTA Country|
|Publication:||EFTA Bulletin (Switzerland)|
|Article Type:||Brief article|
|Date:||Dec 1, 2013|
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