Goyal proposes enclave for Swiss firms in India

Commerce and Industry Minister Piyush Goyal on Tuesday proposed to develop a dedicated enclave for Swiss businesses in India as he sought to attract investment from the European country.

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Addressing industry representatives of India and Switzerland here, he invited companies to invest in India, saying the country provides huge opportunities for them. “We could even create a Swiss enclave, an area dedicated to Swiss businesses,” Goyal said.

The enclave could have restaurants, hotels, schools and colleges for Swiss citizens who would come to work in the units of those enclaves, he said.He added that the Swiss business can also identify locations in India for the development of an enclave.

The minister, who is on a two-day visit here, said he facilitated the resolution of a land issue of a Swiss company, whose unit is in Maharashtra, in just about two-and-a-half hours. He is meeting leaders and businesses to boost trade and investments between the two countries.

India is inviting companies to set up units in industrial parks that are being set up in the proposed industrial corridors. The government has also announced an investment of about Rs 28,000 crore to set up 12 industrial nodes and build 100 industrial parks in the country.