Free trade agreement with India – huge opportunity for the Swiss tech industry

For the Swiss technology industry (mechanical and electrical engineering industries and related technology-oriented sectors), India is an important sales market. No other major market has shown a comparable growth dynamic in the past three years. The cumulative export volume grew by 60% between 2020 and 2023 (2020: CHF 636 million / 2023: CHF 1,022 million).

Swissmem Director Stefan Brupbacher is delighted: "The free trade agreement with India is a glimmer of hope for export companies in a difficult phase. It brings a specific, long-term improvement to framework conditions for the Swiss technology industry. It also shows that more free trade is possible even in times of increased global bloc formation. That is encouraging."