Commerce and Business Minister Piyush Goyal has requested Swiss firms to spend money on India as a number of sectors maintain large potential, an official assertion mentioned on Tuesday.
The minister was on an official go to to Switzerland on the invitation of his Swiss counterpart Federal Councillor Man Parmelin.
“The 2 ministers had participating and fruitful discussions with distinguished Swiss and Indian captains of trade over the breakfast assembly on July 15,” the commerce ministry mentioned.
He inspired Swiss firms to turn into a part of India’s progress story and spend money on its rising and dynamic market.
A 12-member Indian enterprise delegation additionally had networking alternatives with Swiss entrepreneurs.
The important thing goals of the go to had been to debate subsequent steps for the implementation of the historic India-EFTA Commerce and Financial Partnership Settlement (TEPA) which was signed on March 10.
Switzerland ranks as India’s twentieth largest buying and selling associate globally with bilateral commerce of USD 21 billion in 2023.
It is usually the twelfth largest investor in India with cumulative FDI of about USD 10 billion throughout April 2000 to March 2024.
There are over 330 Swiss firms working in India, and so they have created over 1,66,000 jobs in India.
Many of those firms have their manufacturing services and R&D centres in India.
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