Amid strengthening global partnerships, Commerce Minister Piyush Goyal exhorted Liechtenstein companies to harness India’s multifaceted business prospects during a key conclave in Vaduz. His message was clear: India’s reforms and growth story offer unparalleled avenues for profitable expansion.
Goyal delved into India’s economic renaissance – from PLI schemes catalyzing 14 champion sectors to UPI’s digital payments ecosystem serving 1.4 billion users. Liechtenstein’s strengths in trust services, advanced materials, and R&D make it an ideal collaborator for India’s tech leapfrogging.
‘Imagine co-creating the future in AI, quantum computing, and biotech,’ Goyal envisioned, citing India’s 100+ unicorn startups and $50 billion venture capital influx. He assured regulatory predictability, with labor codes modernizing employment and insolvency resolutions speeding up at record pace.
Bilateral context adds weight: As an EFTA member, Liechtenstein benefits from proximity to Swiss innovation hubs, mirroring India’s G20 leadership in digital economy. Goyal flagged opportunities in healthcare post-Covid, where Liechtenstein’s medtech can bolster India’s universal coverage drive.
Geoeconomic shifts, including friendshoring, amplify the pitch. Goyal stressed risk mitigation through diversified investments, backed by India’s strategic autonomy and robust forex reserves.
Enthusiastic feedback poured in, with firms eyeing pilot projects in Gujarat and Maharashtra industrial belts. This engagement heralds a strategic alliance, blending Liechtenstein’s quality focus with India’s volume scale for enduring economic dividends.