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Key Points

Union Commerce Minister Piyush Goyal has launched a critical diplomatic mission in Switzerland, focusing on deepening economic partnerships. His visit includes high-stakes meetings with Swiss CEOs across pharmaceutical, life sciences, and manufacturing sectors. Goyal is actively promoting India's growth potential and the 'Make in India' initiative to potential investors. The trip aims to leverage the India-EFTA Trade and Economic Partnership Agreement, signaling India's strategic engagement with European markets.

Key Points: Piyush Goyal Launches Swiss Trade Talks with Industry Leaders

  • Exploring India-EFTA Trade Agreement with Swiss business leaders
  • Sectoral meetings in Pharma and High-tech Manufacturing
  • Strengthening bilateral economic ties
  • Promoting 'Make in India' initiative
2 min read

Piyush Goyal begins Switzerland visit interacting with business leaders

Commerce Minister Piyush Goyal begins strategic Switzerland visit, exploring investment opportunities and strengthening bilateral economic partnerships

"Promising opportunities lie ahead for India and Switzerland - Piyush Goyal"

Bern, June 9

Union Commerce Minister Piyush Goyal began his two-day Switzerland visit with an interaction with CEOs of select Swiss companies and prospective investors in India over lunch on Monday.

"Glad to learn that the Swiss industry is looking forward to the implementation of the India-EFTA Trade and Economic Partnership Agreement. Promising opportunities lie ahead for India and Switzerland," he wrote on X.

Further, in a series of sectoral meetings, he interacted with the CEOs of several Swiss pharmaceutical and life sciences companies that are considering investing in India.

"Had an exciting interaction on their vision and growth plans. Glad to hear their appreciation for India's growth potential, innovation ecosystem and the 'Make in India' success," Piyush Goyal wrote in another X post.

Union Minister of Commerce and Industry Piyush Goyal, commenced his official visit to Switzerland on Monday, as part of his ongoing visit to Switzerland and Sweden from 9-13 June 2025.

"This visit underscores India's steadfast commitment to deepening strategic and economic partnerships with key European nations, advancing robust trade and investment ties, and supporting a shared vision for resilient global growth," his ministry said in a statement.

The itinerary includes focused sectoral meetings with prominent Swiss industry leaders in areas such as Pharma and Life Sciences, and Precision Engineering/Machine Tools/High-tech Manufacturing.

The Minister will also connect with the ICAI Zurich Chapter and interact with Indian media. A significant highlight will be meeting with Federal Councillor Guy Parmelin fostering strong trade and diplomatic ties.

"A significant component of the high-level visit to Switzerland will include a series of one-on-one meetings with leading Swiss companies. Indian industry representatives will also participate in these crucial engagements, fostering direct dialogue and exploring specific collaboration opportunities. The day will also feature participation in the Swissmem Industry Day and a Business Round Table with the Swiss Mechanical and Electrical (MEM) Industry, where deliberations will focus on the potential and opportunities arising from the India-EFTA Trade and Economic Partnership Agreement (TEPA)," the commerce ministry statement said.

- ANI

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Reader Comments

R
Rajesh K.
Great to see our ministers actively engaging with global investors! Switzerland has top-notch precision engineering companies that can really boost our manufacturing sector. Hope this leads to more high-quality jobs in India 🇮🇳
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Priya M.
Pharma collaborations with Switzerland could be game-changing for our healthcare sector. But I hope the agreements ensure technology transfer and not just import of finished products. Make in India should mean real manufacturing here!
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Arjun S.
Switzerland is known for quality and precision. If we can get even 10% of their manufacturing expertise through these partnerships, it would do wonders for Indian industry. Fingers crossed 🤞
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Neha T.
While these foreign visits are important, I hope equal attention is given to improving ease of doing business for our domestic MSMEs. Sometimes we focus too much on foreign investment and forget our homegrown entrepreneurs.
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Vikram J.
Excellent move! Swiss companies bring reliability and quality standards we desperately need in manufacturing. Hope this leads to more vocational training opportunities for Indian youth in precision engineering fields.
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Sunita R.
Pharma tie-ups are welcome but let's ensure affordable medicines for Indians remain priority. Sometimes these agreements make drugs costlier. Balance between business and public health is must!

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