India To Get $100 Billion Swiss Investment, 10 Lakh Jobs In 15 Years: PM Modi
· Free Press Journal
Prime Minister Narendra Modi on Monday said India will realise the target of attracting $100 billion in Swiss investment and creating 10 lakh direct jobs over the next 15 years, as he held wide-ranging talks with Swiss President Guy Parmelin in New Delhi.
Modi made the remarks during a joint statement with Parmelin at Hyderabad House, where the two countries also exchanged MoUs in the presence of the two leaders.
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#WATCH | Delhi: At the joint statement with President of the Swiss Confederation Guy Parmelin, PM Narendra Modi says, "India-Switzerland friendship is centuries-old...Innovation, infrastructure and advanced technology are strong pillars of our foundation today. With the Summit… pic.twitter.com/iG81W4gXFj
— ANI (@ANI) October 5, 2026
Highlighting the significance of the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement, Modi said it was implemented last year with Parmelin’s support and marked India’s first FTA with an economic bloc in Europe.
“Therefore, we will realise the goals of attracting $100 billion in investment and creating 10 lakh direct jobs in India over the next 15 years,” Modi said.
India, Switzerland expand market access
He said India and Switzerland had taken several decisions to expand market access for Indian exports and facilitate greater investment between the two countries. The measures are expected to boost India’s exports of agriculture, pharmaceutical, textile and engineering goods to Switzerland.
#WATCH | Delhi: At the joint statement with President of the Swiss Confederation Guy Parmelin, PM Narendra Modi says, "...First of all, I appreciate his commitment to India-Switzerland relations. In October last year, with her personal support, we implemented a historic trade and… pic.twitter.com/bgUYz7PlJY
— ANI (@ANI) October 5, 2026
At the same time, India will seek greater Swiss investment in sectors including biotechnology, life sciences, banking, insurance, food processing and sustainability.
Modi highlights longstanding bilateral ties
Modi also highlighted the longstanding ties between the two countries, recalling Swami Vivekananda’s visit to Switzerland in the 19th century and Mahatma Gandhi’s association with the country.
Dr Shyama Prasad Mookerjee: A life Devoted To India’s Unity And Progress“Innovation, infrastructure and advanced technology have emerged as strong pillars of our friendship,” Modi said.
Leaders discuss global cooperation
The Prime Minister said India and Switzerland shared democratic values and a commitment to the rule of law, dialogue and diplomacy. He added that the two countries would continue working together for global peace and stability, including on conflicts in Ukraine and West Asia.
Modi also stressed the need for reforms in global institutions to address emerging global challenges.
The talks between Modi and Parmelin focused on strengthening bilateral cooperation in trade and investment, mobility and critical technologies.