As per a joint study by the Swiss and American commerce ministries, Switzerland ranks the highest in terms of attracting FDI; much ahead of its EU counterparts. It takes 6 procedures and around 20 days to start up a business in Switzerland. Major global giants like Compaq, Intel & Philip Morris, and over a thousand other international firms, have their offices in the country. The array of its own MNCs is no lesser. Companies like Nestlé (the world’s largest FMCG company), Novartis (formerly Ciba Geigy & Sandoz), Schindler (now America’s largest elevator firm), Sulzer (one of the world’s largest infrastructure corporations), Credit Suisse (globally, the third largest bank), Swatch Group (world’s largest watch conglomerate with brands like Omega, Rado et al), ABB (Asea Brown Boveri), UBS (fourth largest bank across the globe), Swisscom et al allow Switzerland to be at the forefront of even the Fortune 500 list.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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