India To Get $100 Billion Swiss Investment, 10 Lakh Jobs In 15 Years: PM Modi
Prime Minister Narendra Modi on Monday said India will realise the target of attracting $100 billion in Swiss investment and creating 10 lakh direct jobs over the next 15 years, as he held wide-ranging talks with Swiss President Guy Parmelin in New Delhi. Modi made the remarks during a joint statement with Parmelin at Hyderabad House, where the two countries also exchanged MoUs in the presence of…
Prime Minister Narendra Modi announced India's goal to attract $100 billion in Swiss investment and create 10 lakh direct jobs within 15 years during a meeting with Swiss President Guy Parmelin in New Delhi. The two leaders signed memorandums of understanding and discussed various areas of cooperation during their joint statement at Hyderabad House.
Modi emphasized the centuries-old friendship between India and Switzerland, highlighting innovation, infrastructure, and advanced technology as key pillars of their relationship. The signing of the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement, facilitated by Parmelin, marks India's first free trade agreement with an economic bloc in Europe.
Both countries have taken steps to expand market access for Indian exports, particularly in agriculture, pharmaceuticals, textiles, and engineering goods, to Switzerland. Modi also outlined plans to seek greater Swiss investment in sectors such as biotechnology, life sciences, banking, insurance, food processing, and sustainability.
The leaders stressed their shared commitment to democratic values, the rule of law, dialogue, diplomacy, and global peace and stability. They also discussed the importance of reforms in global institutions to address emerging challenges, including conflicts in Ukraine and West Asia.
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