The discussions come almost a year after the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) came into force in October 2025. The agreement, signed with EFTA members Switzerland, Norway, Iceland and Liechtenstein, has been positioned as a major framework for investment, employment and economic cooperation.

Prime Minister Modi said the TEPA has the potential to facilitate $100 billion in investment into India and create one million direct jobs over 15 years. He also highlighted opportunities to increase Indian exports of agricultural products, pharmaceuticals, textiles and engineering goods to Switzerland, while attracting Swiss investments in sectors such as biotechnology, life sciences, banking, insurance, food processing and sustainability. PM Modi described India-Switzerland ties as a relationship with deep historical roots, while emphasising that innovation, infrastructure and advanced technology have now emerged as strong pillars of the partnership.