Piyush Goyal Invites Swiss Firms to Invest and Expand Operations in India

In 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.

Key Insights:
• 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

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 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.

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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.