Stories
New Direction to India-Switzerland Relations: Boost to Trade, Defense and Investment
- •India and Switzerland are expanding their partnership beyond trade to include investment, exports, defense, nuclear energy, and infrastructure.
- •Under the TEPA agreement with EFTA, India targets $100 billion in investments over the next 15 years to create approximately 1 million direct jobs.
- •India is attracting Swiss investments into key sectors like biotechnology, life sciences, banking, food processing, and sustainability.
- •Swiss expertise is already contributing to major infrastructure projects like the Varanasi ropeway, Jewar airport, and mountain railway tunnels.
- •The Migration and Mobility Partnership Agreement and Young Professionals Agreement will open new opportunities for Indian youth and professionals in Switzerland.
Key Questions Answered
Under the Trade and Economic Partnership Agreement (TEPA) between India and the EFTA nations—comprising Switzerland, Norway, Iceland, and Liechtenstein—a target has been set to attract $100 billion of investment into India over the next 15 years, which is expected to generate approximately 1 million direct jobs.
India and Switzerland have signed a Migration and Mobility Partnership Agreement alongside a Young Professionals Agreement, creating numerous new opportunities for Indian students, researchers, professionals, and youth in Switzerland.
The Trade and Economic Partnership Agreement (TEPA) was signed in March 2024 by India and the EFTA member nations Switzerland, Norway, Liechtenstein, and Iceland, and it officially entered into force in October 2025.
