Swiss Companies Encouraged to Invest in India's Growing Market
Piyush Goyal's Invitation to Swiss Firms
New Delhi, June 10: Commerce and Industry Minister Piyush Goyal has extended an invitation to Swiss businesses to enhance their presence in India, capitalizing on the country's vibrant and swiftly expanding market.
During a meeting in Bern with leaders from various prominent Swiss companies across multiple sectors, Goyal encouraged them to view India as a strategic center for manufacturing, talent acquisition, and innovation.
The discussions centered on fostering collaboration between Indian and Swiss businesses, particularly focusing on innovation, technology transfer, and sustainable manufacturing, as stated in an official announcement released on Tuesday.
Goyal reassured the business leaders of India's steadfast commitment to creating a favorable business climate through transparent regulations, a strong Intellectual Property framework, and investment-friendly policies.
Following these strategic talks, the Minister led two focused roundtables with leaders from the Swiss industry, addressing sectors such as biotech, pharmaceuticals, healthcare, precision engineering, defense, and emerging technologies.
These sessions, organized with the assistance of the Indian Embassy in Switzerland, showcased India's vast scale, affordability, and burgeoning innovation ecosystem.
The Minister urged Swiss companies to utilize the dedicated EFTA Desk at Invest India for support and facilitation.
He emphasized India's readiness to pursue regulatory harmonization and mutual recognition agreements, showcasing India's proactive approach to building reciprocal relationships that encourage investments from both Swiss and Indian firms.
In addition to industry discussions, Goyal also met with members of the Switzerland Chapter of the Institute of Chartered Accountants of India (ICAI).
He praised the chapter for its contributions and for maintaining the high standards and global reputation of the ICAI, while enhancing the professional and business ecosystem between India and Switzerland.
Swiss industry leaders from various sectors, including biotechnology, precision manufacturing, healthcare, automation, defense, cybersecurity, and advanced materials, expressed strong confidence in India's potential as a global economic powerhouse and a destination for innovation-driven growth.
Companies acknowledged India's unique advantages: a vast and dynamic market, an expanding middle class, world-class engineering and scientific talent, and a policy environment that actively supports ease of doing business, IP protection, and technology collaborations.
For many, India represents not just a promising market but also an ideal location for manufacturing, research and development, and the co-creation of globally competitive solutions.
Several firms showed keen interest in establishing joint ventures, expanding operations, and localizing production to cater to both Indian and international markets.
From advanced cancer therapies and cell sciences to industrial automation, fiber optics, space technologies, and digital security, Swiss companies highlighted their alignment with India's developmental goals and sectoral growth strategies.
The overall sentiment reflected strategic alignment and a long-term commitment.
Many participants regarded India as a natural partner and expressed their readiness to invest in its next growth phase, not only to meet domestic demand but also to position India as a hub within their global value chains.