Piyush Goyal, India’s Commerce Minister, made a fervent appeal to Liechtenstein enterprises on Thursday, encouraging them to dive into India’s opportunity-rich landscape. From the heart of Vaduz, Goyal outlined a roadmap for collaboration, emphasizing policy stability, market access, and innovation ecosystems that rival global benchmarks.
Liechtenstein’s niche in high-value sectors like machinery, biotech, and wealth management aligns seamlessly with India’s priorities under Atmanirbhar Bharat. Goyal elaborated on mega projects: Semiconductor missions, green hydrogen corridors, and defense corridors offering localized production hubs.
Recent data underscores the appeal: India’s FDI inflows hit record $85 billion last fiscal year, with Europe contributing significantly. Goyal invited Liechtenstein to join this influx, promising incentives like tax holidays and land banks in special economic zones.
In his address, Goyal tackled global challenges head-on, positioning India as a resilient alternative to traditional supply chains. He highlighted the India-EU trade talks as a gateway for Liechtenstein firms via its EFTA membership, potentially unlocking tariff reductions and market access.
Sustainability took center stage, with Goyal linking Liechtenstein’s eco-innovations to India’s LiFE mission – Lifestyle for Environment. Joint ventures in EV batteries, solar tech, and waste management could accelerate both nations’ climate goals.
The forum culminated in animated discussions, with commitments for virtual trade expos and skill exchange programs. Goyal’s proactive diplomacy not only strengthens micro-state ties but elevates India’s stature as an investor magnet in uncertain times.