Commerce and Business Minister Piyush Goyal has requested Swiss corporations to put money into India as a number of sectors maintain enormous potential, an official assertion stated 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 business over the breakfast assembly on July 15,” the commerce ministry stated.
He inspired Swiss corporations to turn out to be a part of India’s progress story and put money into 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 have 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 accomplice globally with bilateral commerce of USD 21 billion in 2023.
It’s also 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 corporations working in India, and so they have created over 1,66,000 jobs in India.
Many of those corporations have their manufacturing amenities and R&D centres in India.
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