Switzerland

In 2018, India and Switzerland celebrated the 70th anniversary of the signing of the Treaty of Friendship.

Last updated: March 15, 2024

Switzerland was India's 7th largest trading partner in 2021-22

Switzerland is India's 12th biggest source of foreign investment.

For Indian firms, Switzerland serves as the gateway to Europe.

India's Swiss Embassy also serves The Holy See & Liechtenstein.

US$ 5,038mn
FDI inflow over April 2000 - March 2021

US$ 24.7bn

Bilateral trade during FY2021-22

24,800
PIOs/NRIs currently live in Switzerland

Concurrent Accreditation The Mission in Switzerland also handles India's bilateral relations with The Holy See and Liechtenstein

FDI

As a large part of FDI in India is routed through third nations, real Swiss FDI in India for 2005-16 was pegged at US$7.7 billion.

ODI

Overseas Direct Investment from India to Switzerland was US$932 million (3.3% of total ODI) during April 2017-May 2019.

Literacy

6th most literate nation in the world, Switzerland has emerged as a leading destination for high-end scientific R&D.

36

Rank in the World Bank's Ease of Doing Business 2020 index has been achieved through focus in tech-driven growth.

Leading brands

More than 30 per cent of the world’s biggest brands have offices in this country, including 15 Fortune 500 Companies.

Strengths

Swiss excellence lies in engineering/industrial equipment, services, precision instruments, chemicals, and pharmaceuticals.

India-Switzerland Bilateral Relations

A summary of the bilateral engagements between India and Switzerland.

State Visit of President to Switzerland in September 2019

MOUs on Technical Cooperation on Climate Change, renewal of Hindi Chair at the University of Lausanne and a Letter of Intent on establishment of bilateral Science & Innovation Alliance were signed during the visit.
New FDI reforms to boost investment in India

The Indian Government, over the past few years, has been …

India's Exports and Imports to Switzerland

Source: Department of Commerce

Dated: 22/02/2023
Values in US $ Millions

Country / Region:  SWITZERLAND

S.No. \Year 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
1. EXPORT 1,083.84 1,186.69 1,200.08 1,261.52 1,348.57
2. %Growth 9.49 1.13 5.12 6.90
3. India’s Total Export 303,526.16 330,078.09 313,361.04 291,808.48 422,004.40
4. %Growth 8.75 -5.06 -6.88 44.62
5. %Share 0.36 0.36 0.38 0.43 0.32
6. IMPORT 18,923.05 18,087.58 16,899.89 18,230.95 23,392.32
7. %Growth -4.42 -6.57 7.88 28.31
8. India’s Total Import 465,580.99 514,078.42 474,709.28 394,435.88 613,052.05
9. %Growth 10.42 -7.66 -16.91 55.43
10. %Share 4.06 3.52 3.56 4.62 3.82
11. TOTAL TRADE 20,006.89 19,274.27 18,099.96 19,492.48 24,740.89
12. %Growth -3.66 -6.09 7.69 26.93
13. India’s Total Trade 769,107.15 844,156.51 788,070.32 686,244.36 1,035,056.45
14. %Growth 9.76 -6.64 -12.92 50.83
15. %Share 2.60 2.28 2.30 2.84 2.39
16. TRADE BALANCE -17,839.21 -16,900.90 -15,699.81 -16,969.43 -22,043.76
17. India’s Trade Balance -162,054.83 -184,000.33 -161,348.24 -102,627.40 -191,047.65

Swiss-Indian Chamber of Commerce

+41-44-289-9495

Visit Website

Gutenbergstrasse 6 CH-8002 Zurich Switzerland

STARTUPS.CH

+41-52-269-3080

Visit Website

Lagerhausstrasse 18 CH-8400 Winterthur

United Nations Economic Commission for Europe

+41-22-917-1234

Visit Website

Palais des Nations CH-1211 Geneva 10 Switzerland

Indian Trade Promotion Organisation

+91-11-2337-1540

Visit Website

Pragati Bhawan, Pragati Maidan New Delhi-110001 (INDIA)

Embassy of India, Switzerland, The Holy See, Liechtenstein

+41-31-350-1139

Visit Website

Kirchenfeldstrasse 28, CH-3005 Berne, Switzerland

Opportunities

Agricultural exports

    Beer made from malt (220300)
    Mineral waters (nat./art.) & aerated waters, not cont. added sugar/oth. swe … (220110)
    Non-alcoholic beverages other than waters of 2202.10 (not incl. fruit/veg. … (220290)
    Sparkling wine of fresh grapes (220410)
    Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)
    Whiskies (220830)
    Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of >10 l (220429)
    Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of 2 l/less (220421)

    agriexchange.apeda.gov.in

    Carcasses/half-carcasses of bovine animals, fresh/chilled (020110)
    Cuts & edible offal of species Gallus domesticus, fresh/chilled (020713)
    Cuts & edible offal of species Gallus domesticus, frozen (020714)
    Meat of bovine animals, fresh/chilled, boneless (020130)
    Meat of sheep (excl. lamb), fresh/chilled, boneless (020423)
    OTHER MEAT/EDABLE OFFAL FRESH CHILLED/FRZN (020890)
    Sausages & sim. prods., of meat/meat offal/blood; food preps. based on thes … (160100)

    agriexchange.apeda.gov.in

    Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in Ch.19, whethe … (190590)
    Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)
    Sweet biscuits (190531)

    agriexchange.apeda.gov.in

    Undenatured ethyl alcohol of an alcoholic strength by volume of 80% vol. (220710)

    agriexchange.apeda.gov.in

    Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)
    Cocoa beans, whole/broken, raw/roasted (180100)
    Cocoa butter, fat & oil (180400)

    agriexchange.apeda.gov.in

    Cheese (excl. of 0406.10-0406.40) (040690)
    Fresh (unripened/uncured) cheese, incl. whey cheese, & curd (040610)
    Ice cream & oth. edible ice, whether or not cont. cocoa (210500)

    agriexchange.apeda.gov.in

    CARNATIONS (060312)
    CHRYSANTHEMUMS (060314)
    ORCHIDS (060313)

    agriexchange.apeda.gov.in

    Roses (060311)

    agriexchange.apeda.gov.in

    Asparagus, fresh/chilled (070920)
    Avocados, fresh/dried (080440)
    Bananas frsh or dried (080390)
    Bulbs, tubers, tuberous roots, corms, crowns & rhizomes, in growth/in flowe … (060120)
    Fruits of the genera Capsicum/Pimenta, fresh/chilled (070960)
    Grapes, fresh (080610)
    Live plants, n.e.s., incl. their roots; mushroom spawn (060290)
    Mandarins, incl. tangerines & satsumas; clementines, wilkings & sim. citrus … (080520)
    Oranges, fresh/dried (080510)
    Peaches, incl. nectarines, fresh (080930)
    Strawberries, fresh (081010)
    Tomatoes, fresh/chilled (070200)

    agriexchange.apeda.gov.in

    Other leguminous vegetables, shelled or unshelled, fresh or chilled (070999)

    agriexchange.apeda.gov.in

    Hazelnuts/filberts (Corylus spp.), shelled (080222)
    Nuts (excl. ground-nuts), incl. mixts., prepd./presvd., whether or not cont … (200819)

    agriexchange.apeda.gov.in

    Other (060319)

    agriexchange.apeda.gov.in

Priority Sectors

Here are the leading sectors of opportunities for foreign investors

Automobile
Aviation
Biotechnology
Chemicals
Construction
Defence Manufacturing
Electrical Machinery
Electronic Systems
Food Processing
Gems & Jewellery
IT and BPM
Leather
Media and Entertainment
Mining
Pharmaceuticals
Railways
Renewable Energy
Roads and Highways
Telecom
Textiles and Garments
Tourism

Top Import/ Export Items

India's top import from Switzerland
  • Bullion
  • Chemicals & pharmaceuticals
  • Machinery and transport equipment
  • Precision engineering product
  • Luxury consumer products
  • Processed food items
India's top export to Switzerland
  • Textiles and garments
  • Organic chemicals
  • Pearls and precious stones
  • Non-electrical machinery
  • Coffee and tea
  • Dye
  • Hand knotted carpets

Bilateral Investors

ABB, a Swiss-Swedish engineering firm, does R&D and manufacturing in India.

Nestle, a food and drink giant, manufactures in India for a vast market.

Novartis, a Swiss drugmaker, manufactures and supplies in India. UBS and Credit Suisse

Credit Suisse, a Swiss investment bank, has a growing operation in India.

UBS Group, a Swiss investment bank, has a growing operations in India.

HCL, an Indian IT major, has operations in Switzerland

Dr. Reddy, an Indian pharma company, runs operations in Switzerland.

Tata Group, an Indian conglomerate has an office in Switzerland.

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