Discussions were held leveraging the India–Switzerland FTA to boost trade, investment, and industrial partnerships
Bengaluru, July 31, 2025: Hon’ble Minister for Large and Medium Industries and Infrastructure Development, M.B. Patil, met with a high-level delegation from the Geneva-based World Economic Forum (WEF), led by Aditi Vyas, Head of Business Engagement for South Asia, in Bengaluru on Thursday. The meeting focused on exploring collaborative opportunities arising from the recently signed Free Trade Agreement (FTA) between India and Switzerland.
The discussions highlighted how the FTA could accelerate trade, commerce, and Foreign Direct Investment (FDI) between Switzerland and Karnataka. The World Economic Forum delegation noted that the agreement is expected to drive a wave of Swiss companies to expand their footprint in India, with Karnataka—already a leading destination for FDI—poised to benefit significantly.
Swiss companies, renowned for their innovation, face constraints in expanding their domestic manufacturing base, making Karnataka an attractive partner for building industrial capacity. Minister MB Patil emphasized the state’s robust infrastructure and readiness to host such strategic collaborations.
The delegation also recalled World Economic Forum’s participation in the Global Investors’ Conference held in Bengaluru earlier this year. Minister MB Patil shared insights from his participation in the 2024 Davos conference, noting its strong impact on attracting new industrial, trade, and investment opportunities to Karnataka, ultimately driving job creation and economic growth.
Reaffirming the state’s commitment to global engagement, Minister M. B. Patil said, “Karnataka will continue to actively participate in premier platforms such as the Davos World Economic Forum, which play a pivotal role in attracting investments, fostering international collaborations, and showcasing the state’s strengths in innovation, infrastructure, and talent. Our goal is to leverage these opportunities to drive sustainable economic growth, create high-value jobs, and position Karnataka as a preferred global investment destination.”
“We have seen tangible outcomes from Karnataka’s participation in the Davos conference, and with WEF’s 50 partner organizations in India and our biennial conference in Saudi Arabia, we see significant opportunities to further strengthen global engagement,” said Aditi Vyas
Aditi Vyas further identified potential areas of collaboration, including new industrial clusters and emerging sectors such as clean hydrogen and advanced manufacturing. WEF Business Development Officer Parv Bansal and Technology Pioneer Alok Medikepur Anil also attended the meeting.
