Bengaluru, Jan 21 (PTI) The SICC on Wednesday said it signed an MoU with the government of Karnataka at the WEF Annual Meeting 2026 in Davos.
The agreement aims to create a framework to strengthen Swiss
industry and investment engagement in the state under the India–European Free Trade Association (EFTA) and Trade and Economic Partnership Agreement (TEPA).
In a statement, the Swiss Indian Chamber of Commerce said the memorandum of understanding sets out a structured pathway for Swiss companies to engage with Karnataka, focusing on investment facilitation, company–government dialogue, and execution support.
“Karnataka has emerged as a key destination for Swiss companies due to its established strengths in engineering, precision manufacturing, innovation-led sectors, and access to skilled talent, which align closely with Swiss industrial capabilities,” the SICC said.
SICC president Satish Rao said, “Post-TEPA, Swiss companies are focused on how and where to execute in India. This MoU helps structure engagement with Karnataka in a way that supports long-term investment and expansion.” According to SICC, Karnataka already hosts a significant share of Swiss economic activity in India.
“Nearly 18 per cent of Swiss companies in the machine, electrical engineering, and precision sectors operate in the state, while Bengaluru hosts a substantial number of Swiss research and development centres,” it further said. PTI GMS GMS SSK
