Union Commerce and Industry Minister Piyush Goyal has laid out a strategic roadmap for implementing the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA). During highlevel meetings with Swiss leadership, Goyal emphasized innovation, regulatory alignment, and skill development as key pillars of future collaboration.
Key Highlights:
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Strengthening Economic Ties: Goyal met with Swiss Federal Councillor Guy Parmelin and State Secretary Helene Budliger Artieda to accelerate TEPA’s implementation, focusing on investment facilitation and regulatory cooperation.
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Swiss Industry Engagement: Addressing over 1,000 delegates at the Swissmem Industry Day, Goyal urged Swiss mechanical and precision industries to expand their footprint in India, leveraging India’s skilled workforce and robust supply chains.
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Investment Commitments: The EFTA nations have pledged $100 billion in investments in India over the next 15 years, aiming to create one million direct jobs.
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FastTrack Resolutions: A standout moment was the swift resolution of a land request by Endress+Hauser, a global automation firm, showcasing India’s commitment to responsive governance.
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India’s Growth Vision: Goyal projected India’s economy to reach $3035 trillion by 2047, highlighting policy stability, infrastructure expansion, and demographic advantages as key drivers.
Goyal’s visit reinforces India’s position as a trusted global partner, inviting Swiss firms to cocreate technologies and scale operations in India.
Sources: MSN, Fortune India, BusinessWorld.