Malawi
(Source : High Commission of India, Lilongwe)
Main imports of Malawi from India are pharmaceuticals. Malawi as of 2018 imported 60.9% of its pharmaceuticals from India compared to the previous year’s 61%. The scope for more market share of the pharmaceuticals is still there in Malawi. Other products include printed books, articles of iron and steel, plastic and articles thereof and electrical machinery.
Switzerland
(Source : Embassy of India, Berne)
Potential products of imports from India
Commodity : Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars, with spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1.000 cm3 but <= 1.500 cm3 (excl. bus of heading 8702 and special motor vehicles of heading 8703.10)
[HS Code 8703.22]; (USD 248.24 Million)
Rationale : Comparison between India’s exports to the world, India’s export to Switzerland and Switzerland’s imports from the world at 6 digit HS Code in June 2019.
Commodity : Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars, with spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1.500 cm3 but <= 3.000 cm3 (excl. bus of heading 8702 and special motor vehicles of heading 8703.10).
[HS Code 8703.23]; (USD 150.77 Million)
Rationale : Comparison between India’s exports to the world, India’s export to Switzerland and Switzerland’s imports from the world at 6 digit HS Code in June 2019.
India Business Information Center in Zurich on 6th July, 2019
The Embassy of India, Berne, organised an India Business Information Center in Zurich, which focused on promoting and disseminating information regarding business opportunities in India among Swiss companies and entrepreneurs. India Business Information Center in Zurich, also facilitates the MISSP (Momentum in India: Swiss SMEs Program), which the Mission is currently pursuing.
India Business Information Center in Zurich on 20th July, 2019
The Embassy of India, Berne, organised an India Business Information Center in Zurich, which focused on promoting and disseminating information regarding business opportunities in India among Swiss companies and entrepreneurs. India Business Information Center in Zurich, also facilitates the MISSP (Momentum in India: Swiss SMEs Program), which the Mission is currently pursuing.
Significant trend in trade & investment :
The total export products to Switzerland registered a decrease of -19.40%, as compared to May 2019 (201 USD million). The increase in exports was particularly seen in the field of Cyclic amides, incl. cyclic carbamates, and their deSrivatives; salts thereof [HS Code 2924.29], Diamonds, worked, but not mounted or set [HS Code 2924.29] and Rubies, sapphires and emeralds, worked, whether or not graded, but not strung, mounted or set, rubies, sapphires and emeralds, worked, ungraded, temporarily strung for convenience of transport [HS Code 7103.91] The total import from Switzerland registered a decrease of -57.89%, as compared to May 2019 (USD 2935 million). The decrease in imports was particularly seen in the field of Gold, incl. gold plated with platinum, unwrought, for nonmonetary purposes [HS Code 7108.12], Gold, incl. gold plated with platinum, in semi-manufactured forms, for non-monetary purposes [HS Code 7108.13] and Immunological products, put up in measured doses or in forms or packings for retail sale, whether or not modified or obtained by means of biotechnological processes [HS Code 3002.15].
Analysis : Both Export and Imports between India and Switzerland have been rising with India’s trade with Switzerland from January-June 2019 accounting for 4.25% of Switzerland’s total trade. It is higher than the figure of close to 3.5% which has been the trend in the last 2 years.
The Service-related data is available on the Swiss side only on quarterly basis. In comparison to the last quarter of 2018, in the 1st quarter of 2019, the Services exports from India to Switzerland saw marginal increase in the Telecommunications, Computer, and Information Services. The Services imports from Switzerland saw increase in: Tourism; License Fees; Consulting Services; and Other Services. Overall the Services trade was in favour of India.
Analysis : Overall the trade in Services is in favor of India. License Fees [IPR related] expectedly is in favour of Switzerland.
SANITIZED Preservation AG opened subsidiary in India: On 02 July 19, SANITIZED
Preservation AG, reported that it has opened its subsidiary SANITIZED Preservation India Pvt. Ltd. in India. Mr. Saravana Kumar has been appointed Business Director Asia Pacific of SANITIZED Preservation India Pvt. Ltd. SANITIZED Preservation AG delivers high quality and innovative products for the ACES market (adhesives, coatings, elastomers, and sealants). David Tierney, CEO of SANITIZED Preservation AG commented that “Our presence in India will provide us with proximity to our customers in addition to quicker response times for customized product developments. This is to the benefit of customers in all of South East Asia (SEA)’.
Barry Callebaut to setup its new chocolate and compound manufacturing facility in Baramati, India : On 23 July 19, Barry Callebaut Group, the world’s leading manufacturer of high quality chocolate and cocoa products, announced the groundbreaking for the construction of its new chocolate and compound manufacturing facility in Baramati, India – about 250 km southeast of Mumbai.
India Business Information Center in Zurich on 06.07.2019
The Embassy of India, Berne, organised an India Business Information Center in Zurich, which focused on promoting and disseminating information regarding business opportunities in India among Swiss companies and entrepreneurs. India Business Information Center in Zurich, also facilitates the MISSP (Momentum in India: Swiss SMEs Program), which the Mission is currently pursuing.
Tunisia
(Source : Embassy of India, Tunis)
Significant trends in trade and investment
Investment : The Foreign Investment Promotion Agency «FIPA-Tunisia» reported that a minimum of TND1.3 billion (around USD400 million) of directed foreign investments have entered the Tunisian economy during the first half of 2019.By this, they achieved 43 percent of forecasts 2019 which is estimated at around TND3 billion (around one billion USD dollars).The foreign investments witnessed a hike of 16.6 percent compared to the same period of last year, and 36.2 percent compared to 2017. This increase reaches 40 percent compared to 2016.Foreign investments in the services sector underwent a relapse of 34.7 percent, while the investments in energy dropped around 6.9 percent. In return, foreign investments in the industrial field developed a minimum of 64.9 percent.
Analysis : FDI currently represents 10% of productive investments, generates one-third of exports and over 15% of the total number of jobs. Tunisian Government provides many incentives to promote foreign investment in Tunisia. About 3353 foreign companies operate in Tunisia in diverse sectors. The Government has primarily encouraged export-oriented FDI in key industrial sectors, such as call centers, electronics, aerospace and aeronautics, automotive parts, and textile/apparel manufacturing. Foreign participation is allowed in the privatization program of state-owned or state-controlled enterprises. This has attracted a significant share of Tunisia’s FDI in recent years. The privatization programme has taken place mainly in telecommunications, banking, insurance, manufacturing, and fuel distribution.
The total foreign investment in Tunisia during 2018 was recorded US$ 983.5 m. The main investment sectors are textile, computer science, corporate services, energy and tourism. The sectoral distribution today shows a definite orientation towards industrialization.
Promising Sectors : Agribusiness, Mechanical, Electrical and Electronic, Aerospace Industry, Plastics, Textile & Apparel, Leather & Footwear.