India and Switzerland signed five agreements on Monday to deepen trade, investment, mobility and technology cooperation, with New Delhi seeking wider access for Indian exports including textiles and greater Swiss investment in the Indian economy.
The agreements were announced after talks between Indian Prime Minister Narendra Modi and Swiss President Guy Parmelin during Parmelin’s three-day state visit to India. The two sides also agreed to strengthen cooperation in transportation, infrastructure, scientific research and the movement of professionals. Read Here
Modi said the measures would support greater exports of Indian agricultural products, pharmaceuticals, textiles and engineering goods to Switzerland, while encouraging Swiss investment in sectors including biotechnology, life sciences, banking, insurance, food processing and sustainability.
The trade push comes as India and the European Free Trade Association (EFTA), comprising Switzerland, Norway, Iceland and Liechtenstein, mark the first anniversary of their Trade and Economic Partnership Agreement (TEPA), which took effect in October 2025.
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Under TEPA, India is targeting $100 billion in investment and one million direct jobs over 15 years. Switzerland has more than 330 companies operating in India, highlighting the scope for deeper industrial and investment ties.
For India’s textile and apparel sector, improved access to the Swiss market could create opportunities to expand exports of garments, fabrics and other textile products. Switzerland’s investment and technology capabilities could also support Indian manufacturers seeking to improve sustainability, infrastructure and higher-value production.
The new migration and mobility agreement provides expanded legal pathways for students and professionals, while a young-professionals exchange agreement will initially allow 300 participants annually from each country, with the possibility of increasing the number to 500.
The two governments also agreed to pursue closer cooperation in defence, nuclear energy and critical technologies, reinforcing an economic relationship that is increasingly extending beyond conventional trade.