JUNE 20258PIYUSH GOYAL INVITES SWISS FIRMS TO INVEST AND EXPAND OPERATIONS IN INDIAL&T SECURES MAJOR GRID INFRASTRUCTURE ORDERS WORTH RS 5,000 - 10,000 CROREIn an impressive drive to intensify India-Switzerland Economic Relations, Commerce and Industry Minister Piyush Goyal has invited leading Swiss companies to increase their presence in India because of its dynamic and fast-growing market and a strong policy environment.During a month of intensified meetings in Bern at the highest level, Goyal met with the management of major Swiss companies in the fields of biotechnology, healthcare, precision manufacturing, cybersecurity, automation and advanced materials. The discussion was under the innovation, technology transfer and sustainable · Goyal invites Swiss firms to expand in India's growing market· Swiss businesses eye India for R&D, manufacturing, and innovation· Talks focus on biotech, pharma, and defence, with EFTA Desk support offered· L&T bags 5,000­10,000 crore grid orders, boosts India's green power push· L&T secures global energy contracts, powers up India and the Middle East· Larsen & Toubro wins big with renewable and GIS grid projects worldwideLarsen & Toubro (L&T), India's leading engineering and construction conglomerate, has clinched significant grid infrastructure contracts valued between Rs 5,000 crore and Rs 10,000 crore, reinforcing its dominance in the power transmission and distribution sector. The orders, secured from both domestic and international markets, underscore L&T's expertise in delivering high-impact energy projects.L&T's Power Transmission & Distribution team is gearing up to build a vital transmission line in Andhra Pradesh. It's all TOP STORIESabout hooking up a renewable energy zone to the national grid, making sure clean power from solar and wind farms flows smoothly to homes and businesses. With India doubling down on green energy, this project is a big step toward a more sustainable future, and L&T's right at the heart of it.Overseas, L&T's making waves in the Middle East, where they've landed contracts for gas-insulated substations (GIS). These high-tech setups are compact, super reliable, and perfect for modernizing power systems. The Middle East, especially Saudi Arabia and the UAE, loves working with L&T ­ they've already delivered massive projects like high-voltage direct current (HVDC) systems and other GIS setups there. It's a region that's all in on upgrading its energy game, and L&T's delivering the goods.These new contracts are another feather in L&T's cap, proving they're not just keeping up but setting the pace. T. Madhava Das, a senior leader at L&T, couldn't hide his excitement, saying these projects will help shape the world's energy future. They'll make grids stronger, support more clean energy, and keep power flowing where it's needed most.From small towns in India to bustling cities in the Middle East, L&T's work is changing how the world powers up. With their knack for tackling huge projects, they're ready to keep pushing for a smarter, greener energy world. manufacturing. "India offers a transparent regulatory framework, strong intellectual property rights, and a pro-investment climate," the minister assured during the meeting. Two focused roundtables, organized by the Indian Embassy, covered sectoral opportunities in biotech, pharma, precision engineering, defence and emerging technologies. Goyal invited Swiss businesses to utilize the EFTA Desk at Invest India to get facilitation assistance."India is willing to work towards regulatory harmonisation and mutual recognition agreements," Goyal stated, underlining New Delhi's commitment to bilateral business growth.The Swiss companies were very bullish about the Indian innovation-driven economic emergence. Whether it is cancer treatments, fibre optics and industrial automation, the Swiss managers sang lauds of the Indian talent, rising consumer market, and the Indian manufacturing capacities. "For many, India is not only a promising market but also an ideal base for manufacturing, R&D, and co-creation of globally competitive solutions," the statement said.Goyal also applauded Switzerland Chapter of the Institute of Chartered Accountants of India (ICAI) in maintaining the professional standards and making contribution to the bilateral ecosystem. The Swiss businesses expressed their willingness to be a part of India in its further stage of globalization.
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