Union Minister Piyush Goyal pushes for closer ties with Swiss machinery

Union Commerce and Industry Minister Piyush Goyal co-chaired a productive Business Roundtable on the Machinery, Electrical & Metal (MEM) Industry with Swiss Federal Councillor Guy Parmelin.

After the meeting, in Berne, Mr Goyal said that they discussed boosting innovation, facilitating partnerships, and joint workforce training.

In a social media post, the Minister said both the countries also focused on unlocking new investment opportunities post operationalisation of the India-EFTA TEPA.

The Minister also called on Swiss businesses to leverage the dedicated EFTA Desk at Invest India for handholding and facilitation support.

He reiterated India’s willingness to work towards regulatory harmonisation and mutual



recognition agreements, highlighting India’s proactive stance on building reciprocal bridges to encourage Swiss and Indian investments.

Besides, the Commerce Minister witnessed the signing of an MoU between the Indian business chamber ASSOCHAM and Swissmem to strengthen industrial collaboration, foster innovation, growth, and skill development.

In addition to industry interactions, Goyal also met members of the Switzerland Chapter of the Institute of Chartered Accountants of India (ICAI).

He lauded the chapter for its contributions and for upholding the high standards and global reputation of the ICAI, while strengthening the India-Switzerland professional and business ecosystem.