New Delhi, India – At a workshop on the Trade and Economic Partnership Agreement (TEPA) held in the capital today, organized by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry, officials highlighted the growing footprint of Swiss companies in India.
Speaking at the event, a representative noted that Swiss firms are thriving across multiple sectors and states, from pharmaceuticals to engineering. “The strong presence of Swiss companies reflects the depth of our economic ties,” the official said.
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Swiss Ambassador to India, H.E. Maya Tissafi, has been working tirelessly to expand business opportunities and promote more trade deals between the two countries, underlining Switzerland’s commitment to deepening economic engagement with India.
On March 10, 2024, Member States of the European Free Trade Association (EFTA) – Iceland, Liechtenstein, Norway, and Switzerland – and the Republic of India signed a comprehensive Trade and Economic Partnership Agreement (TEPA). While the TEPA has yet to formally enter into force, businesses across the four EFTA States are already preparing for the new trade conditions, exploring investment opportunities, and strengthening commercial ties with Indian partners.
The EFTA Desk will play a key role in this process by providing practical support to companies from the EFTA States navigating the Indian market, facilitating partnerships, and enhancing trade cooperation. A detailed chapter-by-chapter fact sheet on the agreement is available to guide stakeholders.
With TEPA set to formally take effect on October 1, expectations are high for a surge in investment flows, technology exchange, and collaborative ventures between India and Switzerland. Industry observers believe the agreement will provide a further boost to bilateral trade, opening new opportunities for growth and innovation.
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