New Delhi. Swiss President Guy Parmelin reached Delhi today on a three-day visit to India. He had a bilateral meeting with Prime Minister Narendra Modi here. In this meeting, it was agreed to increase India-Switzerland trade and investment and work together in the field of innovation, infrastructure and advanced technology. PM Modi said that today we also discussed military exchange and new possibilities of energy production and cooperation. Both countries have also agreed to further deepen cooperation in nuclear energy.
#WATCH | Delhi: Prime Minister Narendra Modi and President of the Swiss Confederation Guy Parmelin hold a delegation-level meeting at Hyderabad House. (Video: DD News)
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Modi said, both India and Switzerland believe in democratic values, rule of law, dialogue and diplomacy. We will continue to work together for global peace and stability. Prime Minister Narendra Modi said that be it Ukraine or Western Asia, India has been supporting every meaningful effort made towards peace. We are also unanimous that reform of global institutions is essential to address growing global challenges. PM Modi said that we have taken many important decisions to increase the market access of Indian exporters to Switzerland and to further facilitate investment between the two countries. This will increase exports of India's agricultural, pharma, textile and engineering goods to Switzerland. At the same time, we will attract new Swiss investment in India's key sectors such as biotech, life sciences, banking, insurance, food processing and sustainability.
Modi appreciated the Swiss President's commitment towards India-Switzerland relations. He said that last year, with the support of President Guy Parmelin, we implemented a historic trade and economic partnership agreement between India and the European Free Trade Association (EFTA) countries. This is India's first FTA with any economic bloc in Europe.