Saudi Arabia
(Source : Embassy of India, Riyadh)
Significant trends in trade and investment (Sources : DGFT )
Trade in Goods –
India Saudi bilateral Trade during FY 2018-19 has reached US$ 34,040.93 million from 27,480.66 Million in FY 2017-18 (Bilateral trade during Apr.-Oct.2019 is marked US$ 15.50bn).
Analysis - The bilateral trade during FY 2017-18 was 27,480.66 Million. There is a positive growth of 23.87 Percent in bilateral trade during 2018-19 (showing an increase of 29.04 percent in our import and 2.79 Percent growth in our export to Saudi Arabia.
Investment - Indian FDI in Saudi Arabia is US$ 1.4 billion up to Dec. 2017 (Source Saudi Arabian General Investment Authority). Saudi FDI in India US$ 228.87 million from April 2000 to June 2019 (Source: DIPP.
Saudi Arabia is in the phase of fast economic and social transitional reforms/development under the ambitious ‘Saudi Vision 2030’ initiative. A number of multi- billion mega projects like US$ 500 billion estimated Neom project and other mega multi billion projects like Red sea project, Al Qidya projects, Amala tourism project etc. are under progress. There are a number of opportunities for the Indian infrastructural, engineering, IT, service companies etc. to participate in these projects.
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 > 1.500 cm3 but <=3.000 cm3 (excl. bus of heading 8702 and special motor vehicles of heading 8703.10) [HS Code 8703.23].
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 September 2019.
Commodity : Heterocyclic compounds with nitrogen hetero-atom[s] only, n.e.s. [HS Code 2933.99].
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 September 2019.
Commodity : Energy/ Renewable
Rationale : Switzerland is expanding its green energy basket, thus providing complementarity with India’s trade and investment basket in this sector.
Trade & Goods
Details of significant trends - The total export products to Switzerland registered a decrease of -3.35% (USD Million 173) in September 2019, as compared to Aug 2019 (179 USD million).
The increase in exports in September 2019 was particularly seen in the field – Heterocyclic compounds with nitrogen hetero-atom[s] only, n.e.s. [HS Code 2933.99], Diamonds, worked, but not mounted or set (excl. industrial diamonds) [HS Code 7102.39], Organic derivatives of hydrazine or of hydroxylamine) [HS Code 2928.00] The total import from Switzerland registered a decrease of -12% (USD 887 Million) in September 2019, as compared to August 2019 (USD 1008 million). The decrease in imports was particularly seen in the field of Gold, incl. gold plated with platinum, in semi-manufactured forms, for nonmonetary purposes] [HS Code 7108.13]; and Gold, incl. gold plated with platinum, unwrought, for non-monetary purposes (excl. gold in powder form) [included in the special trade since 1.1.2012] [HS Code 7108.12].
Analysis : Both Export and Imports between India and Switzerland have been rising with India’s trade with Switzerland from January-September 2019 accounting for 3.56% of Switzerland’s total trade.
Trade in services
Details of significant trends - The Service-related data is available on the Swiss side only on quarterly basis. In comparison to the 1st quarter of 2019, in the 2nd quarter of 2019, the Services exports from India to Switzerland saw increase in Tourism sector (28.8%) followed by Consulting Services (19.5%). The Services imports from Switzerland saw increase in: Tourism (61.8); Insurance & Pension Services (55.6%); Financial Services (21%); Technical, trade-related, and other business services (20.1%). 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.
Investment
Details of significant trends – As per DIPP, the FDI from Switzerland to India from April 2000 to March 2019 stood at USD 4633.35 million, making 1.1% of the total FDI Equity inflow. As per RBI figures, the total ODI from India to Switzerland during July 2019 was USD 101.24 million compared to USD 7.86 million in June 2019.
Analysis - The investments from India to Switzerland are largely in field of Manufacturing, Financial, Insurance, and Business services, and Wholesale, Retail Trade, Restaurants. And Hotel.
Bilateral Visit
Swiss Federal Councillor Simonetta Sommaruga Working visit to India: On 21 Oct. 2019, Swiss Federal Councillor Simonetta Sommaruga met the Minister of Power and New and Renewable Energy, the Minister of Civil Aviation and the Minister of Railways during the Working visit to India. Swiss Federal Councillor Sommaruga was accompanied by representatives from various Swiss companies active in the areas of energy and cleantech as well as the railway industry. Swiss Federal Councillor Sommaruga also met Minister of Civil Aviation and discussed developments with regard to drones, and Switzerland’s experience with risk-based regulation.
India Business Information Center in Zurich
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 executing.
On 19th October, 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 executing.
Interactive session with senior business executives and Swiss industry representatives
On 07 October, 2019, Ambassador Sibi George hosted an interactive session with senior business executives and Swiss industry representatives in new & renewable energy and railways sectors at India House, Bern.
Thailand
(Source : Embassy of India, Bangkok)
Commerce Ministry holds workshop to train product-service produce
Money Life Today 28.11.2019
Department of International Trade Promotion (DITP) joined hands with Thai – India Business Council to hold a workshop to share knowledge to entrepreneurs in product and service groups which involve with real estate business. Director-General of DITP revealed that the department held the hospitality and building solution workshop to support the entrepreneurs to penetrate Indian market. The department will hold a project to lead the executive teams of Ministry of Commerce and private organizations to visit Bengaluru and Hyderabad in India during 15-19 January 2019. Only 2 toxic banned.
SME Business
Thunhoon 04.12.2019
The India retail sector is one of the fastest-growing sectors in the world with a value of over $950 billion. India’s economy is also one of the fastest-growing economies in the world as well. In 2018, the economy expanded up to over 6.8 percent with over 1.373 billion populations. Its population income raised up to around $2,016 dollar per person per year (Thailand is now at approximately $7,084 per person per year). The continuous growth in the India market is a great investment opportunity for Thai SMEs.