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India-Switzerland Relations: Five Agreements to Deepen Cooperation | PM Modi & Swiss President Guy Parmelin Talks 2026 | UPSC Current Affairs
Big Boost to India-Switzerland Ties!
On 5th Oct 2026, during Swiss President Guy Parmelin's 3-day State Visit to India (First State Visit, Second visit in 2026 after AI Impact Summit in Feb), PM Narendra Modi and President Parmelin held talks at Hyderabad House, New Delhi and signed FIVE major agreements to deepen cooperation.
What are the 5 Agreements Signed?
1. Migration and Mobility Partnership Agreement: Multiple-entry visas up to 5 years, 6 months stay per visit, renewable 1-year student permits. Addresses irregular migration, human trafficking, document fraud, readmission.
2. Exchange of Young Professionals Scheme: 300 young professionals per year from each country initially, expandable to 500. Temporary work to gain professional experience, language skills, people-to-people ties.
3. Transportation Technologies, Mobility Systems & Infrastructure Agreement: Cooperation in Electric Vehicles, Ropeways, Tunnels, Circular Economy, Sustainable Infrastructure.
4. Letter of Intent between DST India and Swiss National Science Foundation (SNSF): Scientific research, Indo-Swiss Research Flagship in Health, Clean Energy, Space, AI, Biotechnology.
5. Implementation Arrangement for Innovation, Technology Transfer & Entrepreneurship: Between DST and Zurich University of Applied Sciences (ZHAW) - Indo-Swiss Academia-Industry Training, Startups, Innovation.
Other Key Outcomes:
- Trade & Investment: Agreed to expand market access for Indian exports - Agriculture, Pharma, Textiles, Engineering goods. Facilitate Swiss investment in India - Life Sciences, Banking, Insurance, Food Processing, Sustainability. 330+ Swiss companies already in India.
- TEPA: India-EFTA Trade and Economic Partnership Agreement came into force Oct 2024. India's first FTA with European bloc (Switzerland, Iceland, Liechtenstein, Norway). EFTA to invest $100 Billion in India over 15 years, create 1 Million direct jobs. PM Modi called it ambitious blueprint.
- Defence: Deepen defence cooperation - military exchanges, defence production.
- Nuclear Energy, Health, Clean Energy, Yoga & Ayurveda also discussed.
- Global Issues: Ukraine war, West Asia - both support dialogue, diplomacy, peace.
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