In 2023, Switzerland and India will observe the 75th anniversary of the Treaty of Friendship signed between the two countries in 1948 – the first for independent India. The country continues to be a strategic partner for Switzerland in Asia, wherein trade & investment, tourism, and scientific & technological collaboration underline this partnership.
What this means for your business
Over the years, the Swiss business presence has gradually increased in India. Today, around 320 Swiss companies have a presence across India, having invested in various industry sectors and creating more than 135,000 jobs in the bargain. On its side, Switzerland is an attractive investment location with a future and certain advantages which differentiates it from other locations. For example, Switzerland is politically and economically stable, has a highly skilled manpower, a liberal labor market, excellent infrastructure, close academia-industry collaboration and a moderate tax burden. These advantages allow domiciled companies, both domestic and foreign, to grow steadily and expand successfully.
The highest number of investments the last decade
To map out the number of Indian companies and their presence in Switzerland, the Swiss Business Hub India, in association with the Swiss India Chamber of Commerce (SICC), curated a list of 140 Indian companies to understand their existing presence in Switzerland and their expansion plans.
The analysis shows that these 140 Indian companies made 179 investments in Switzerland and created around 5,600 jobs. The last decade between 2010 and 2020 saw the highest number of investments, which can be attributed to the proactive approach undertaken by the Swiss Business Hub India and the concerned Cantonal authorities from Switzerland.