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Switzerland, Iceland, Norway to invest $100B in India by 2040
The investment will be made over 15 years

Switzerland, Iceland, Norway to invest $100B in India by 2040

Feb 24, 2025
12:19 pm

What's the story

Switzerland and its European Free Trade Association (EFTA) partners - Iceland, Liechtenstein, and Norway - have pledged a whopping $100 billion investment in India. The investment will be made over the next 15 years. Martin U Maier, Consul General of Switzerland in Mumbai, announced the investment during an exclusive interview with the ANI at the Global Investors Summit in Bhopal.

Strategic partnership

Investment part of TEPA

The investment pledge forms a key part of the recently inked Trade and Economic Partnership Agreement (TEPA) between India and the EFTA nations. Maier emphasized that this agreement has a chapter on this major investment, to strengthen economic cooperation between India and the EFTA bloc.

Business expansion

Maier urges Swiss firms to expand in India

Maier emphasized on luring Swiss businesses to expand their footprint in India. He said, "Together with India, we now have to ensure that Swiss companies flock to India and invest here." He also noted that many companies are interested and are actively looking for investment opportunities. However, he warned of stiff competition from other Asian nations also looking for investments.

Business climate

India's progress in improving business environment

Maier acknowledged the major steps taken by the Indian government to improve the business environment. He said, "I think there is good progress, and I see that India is continuing its efforts to enhance ease of doing business across all sectors." He added that many Swiss companies are incorporating their Indian operations into their global supply chains, making India a key hub for manufacturing and business.