Indian cos have expanded globally,we are investment-friendly: President Patil

Talking about business opportunities both countries offer,Patil said that India is among the most attractive destinations globally,for investments and business,and foreign direct investment has increased over the last few years. Since the Indian economy up in 1991,Indian companies faced international competition rather well,and have expanded their global footprint; some are here in Switzerland. This underlines that the benefits of economic engagement with India,flow in both directions. In many case these Indian companies have helped Swiss companies retain their competitive edge,” she said.

As the world observed the International Day of Non-violence,President Pratibha Patil paid homage to Mahatma Gandhi at his statue in the tranquil Ariana Park located on Avenue of Peace in Geneva. Gandhi had visited Switzerland in 1931. Surrounded by a sizeable Indian community who had come to attend the programme,Patil said that it is an occasion to reaffirm the principles of truth,peace and non-violence. “These values are relevant for the whole world even today. It is also significant that the statue was unveiled in 1997 to mark the 60th anniversary of the Treaty of Friendship and Establishment between India and Switzerland in August 1948,the first such treaty that independent India signed,” she said.

The President interacted with prominent members of the 5,000 strong Indian community at a reception hosted by Ambassador of India Chitra Narayanan for the Indian community and Swiss friends of India.

Speaking to the Indian community,Patil said both India and Switzerland are now exploring the establishment of a privileged partnership. “This is my first visit to Switzerland and its purpose is to maintain the momentum of political exchanges which underpin our bilateral relations,and give them fresh substance. All of you can also contribute to this goal and help enhance bilateral ties. I am aware that here,in Switzerland too,Indians have made significant contributions to the development of this country and are held in high regard,” she said.