“I am not very concerned about what is happening in the world. I think it will open up new prospects for opportunities for India,” he told the 18th event of the Swissmem Industry Day. Swissmem is the Apex association representing the Mechanical, Electric and Metal Industries of Switzerland.
An ALE between India and the EU – being negotiated since 2022 – could be sealed in a month or two, and the Pact, as well as other similar commitments, will isolate India geopolitical changes in the rest of the world, the Indian Minister and the Minister of Industry Piyush Goyal told Bern. The Minister of Foreign Affairs, S Jaishankar, told the forum of the German Marshall Fund in Brussels that the ALE was possible by 2025.
India and the EU have been negotiating the Ale since 2022.
“India is coming out of the shadows today. In this situation, any turbulence in the rest of the world will harm India less than it will harm the rest of the world because we have a great growth track before us,” he said.
While recently speaking to the Marshall Fund German Fund (GMF) in Brussels, the Indian Minister of External Affairs, Jaishankar, also said that the planned Ale was possible by the end of this year.
In Bern, Goyal invited Swiss companies, including small and medium -sized enterprises and innovators in deep technology, to increase investments in India by taking advantage of the new commercial architecture offered by the commercial and economic partnership agreement, signed earlier this year between India and the European Free Fradom Association, said a statement from the Indian Ministry of Commerce and Industry.
He also proposed to set up Swiss enclaves in India which can provide industrial and social infrastructure to Swiss companies to set up a base and operate.
Many Swiss companies have transmitted their intention to use India not only as an internal market, but also as a global manufacturing and export base. The interest was particularly strong in sectors such as advanced manufacturing, industrial automation, clean technology and health care innovation, added the official press release.
Fiber2fashion News Desk (DS)
About The Author
