Swiss & Nordic Firms Eye Indian Manufacturing Opportunities: Bata Setting Design Center

(MENAFN- KNN India) Gurugram, Jun 10 (KNN) Bata has announced plans to establish a dedicated design facility in Gurugram to develop products tailored for emerging markets.

The move, disclosed by CEO Sandeep Kataria following discussions with Commerce and Industry Minister Piyush Goyal, is part of the company's broader strategy to deepen its engagement with the Indian market.

As part of this initiative, the Swiss-headquartered footwear giant will also explore job-work partnerships with domestic manufacturers to expand its operational base in the country.

The announcement reflects a wider trend of Swiss corporate interest in India's growing manufacturing sector.

A Swiss pharmaceutical firm specialising in oncology treatments has held talks with Indian government officials about potential manufacturing operations.

Company representatives indicated that production costs in India could be up to ten times lower than those in Switzerland, enhancing India's appeal as a cost-effective hub for global supply.

Minister Goyal's ongoing diplomatic mission to Switzerland and Sweden has drawn interest from several Nordic industrial leaders.

Executives from Ericsson, Volvo, IKEA, Sandvik, Alfa Laval, and Saab are scheduled to engage in discussions regarding potential investments and partnerships in India.

These meetings signal a continued international appetite for India's evolving industrial capabilities and regulatory landscape.

The minister's outreach targets over 100 companies during his tour, with invitations extended for corporate delegations to visit India and evaluate recent reforms and infrastructure improvements.

(KNN Bureau)

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