Is Piyush Goyal Welcoming Swiss Firms to Invest in India?

New Delhi, June 10 (NationPress) Commerce and Industry Minister Piyush Goyal has extended a warm invitation to Swiss enterprises to broaden their operations in India and capitalize on the country's vibrant and swiftly expanding market.

The minister convened a meeting in Bern with leaders from several esteemed Swiss companies spanning various sectors, encouraging them to view India as a strategic center for manufacturing, talent, and innovation.

The discussions centered on enhancing collaboration between Indian and Swiss businesses, particularly focusing on innovation, technology transfer, and sustainable manufacturing, as per an official statement released on Tuesday.

Goyal assured business leaders of India's steadfast commitment to creating a favorable business landscape through transparent regulatory frameworks, a strong Intellectual Property regime, and investment-friendly policy structures.

Following these crucial discussions, the Minister conducted two focused roundtables with sectoral leaders from the Swiss industry, covering biotech and pharma, healthcare, precision engineering, defense, and emerging technologies.

These sessions, organized with the assistance of the Indian Embassy in Switzerland, showcased India's scale, cost-effectiveness, and burgeoning innovation ecosystem.

The Minister urged Swiss firms to utilize the dedicated EFTA Desk at Invest India for support and facilitation.

He reiterated India's readiness to pursue regulatory harmonization and mutual recognition accords, emphasizing the nation's proactive approach to fostering reciprocal investments between Switzerland and India.

Alongside industry engagements, the Minister also conferred with members of the Switzerland Chapter of the Institute of Chartered Accountants of India (ICAI).

He commended 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 across a variety of sectors—including biotechnology, precision manufacturing, healthcare, automation, defense, cybersecurity, and advanced materials—expressed strong confidence in India's path as a global economic powerhouse and an innovation-driven growth hub, according to the statement.

Companies acknowledged India's unique advantages: a vast and dynamic market, an expanding middle class, top-notch engineering and scientific talent, and a policy environment that actively supports ease of doing business, IP protection, and technology partnerships.

For many, India is not only a promising market but also an ideal base for manufacturing, R&D, and collaborative creation of globally competitive solutions.

Numerous firms expressed keen interest in establishing joint ventures, scaling their operations, and localizing production to cater to both Indian and international markets.

From groundbreaking 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 conveyed was one of strategic alignment and long-term commitment.

Many participants regarded India as a natural partner and expressed their willingness to invest in its next growth phase, not only to tap into domestic demand but also to position India as a critical hub in their global value chains, the statement concluded.