Swiss companies are accelerating their investments in India, spurred by a new $100 billion regional trade deal that promises to strengthen ties and open new avenues for growth in the dynamic Indian market. The anticipated Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) is set to simplify access for Swiss businesses, providing them with a fresh competitive edge in one of the world’s most vibrant economies.
With India’s robust growth expected to outpace China, TEPA aims to lower tariffs on various goods, including machinery, luxury products, and Swiss specialties, making exports more accessible to the Indian market of 1.4 billion consumers. This shift aligns with a broader trend of European companies balancing their global trade activities, especially given the ongoing trade tensions between the U.S. and China.
India’s economic expansion—projected at 7% this year and 6.5% in 2025—has cemented its position as a key destination for global trade investments. TEPA, anticipated to come into effect by late 2025 or early 2026, is expected to drive an upswing in Swiss investments in India, further enabling trade by reducing costs and creating smoother pathways for market entry.
Executives within the Swiss business community are already making strides in India, focusing on expanding their local manufacturing, research, and development facilities to meet the growing demand. New infrastructure projects, workforce expansions, and dedicated R&D are all underway, showcasing a commitment to producing “in India, for India.”
Although TEPA is yet to be ratified, its promising structure underscores a shared ambition to deepen trade relations, paving the way for increased trade in sectors like pharmaceuticals, apparel, and precision equipment.
The future is bright for Swiss companies in India, with the TEPA positioned to unlock valuable growth opportunities, create jobs, and strengthen bilateral trade ties that benefit both economies.
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