Facilitating development
Swiss-Indian Chamber of Commerce (SICC) and MMRDA signed a landmark MoU at WEF Davos 2026 for 5,000-acre industrial enclave in the Mumbai Metropolitan Region at the World Economic Forum (WEF) Annual Meeting 2026 in Davos, establishing a framework to facilitate the development of the Bharat-Switzerland World Class Industrial & Sustainability Special Enclave (B-SWISS) in the Mumbai Metropolitan Region. The MoU outlines a pathway to facilitate about $15 billion in Swiss investments over the next 10 years by developing large-scale industrial and manufacturing parks across 5,000 acres in the Mumbai Metropolitan Region. This marks the first instance of a Chamber of Commerce entering into an agreement in Maharashtra.
The MoU was signed by Sanjay Mukherjee, commissioner, Mumbai Metropolitan Region Development Authority (MMRDA), and Satish Rao, president, Swiss-Indian Chamber of Commerce, in the presence of Devendra Fadnavis, CM, Maharashtra, and Maya Tissafi, ambassador of Switzerland to India. The proposed collaboration is expected to strengthen the region’s industrial ecosystem and support long-term economic growth.
“This MoU represents a significant step in Swiss-India economic engagement and reflects the tangible momentum created by TEPA,” affirms Rao, commenting on the agreement. “We are seeing a clear rise in investor enquiries and this agreement provides a structured pathway to convert that interest into long-term industrial investment and job creation in India.”
The agreement deepens collaboration between SICC and MMRDA under the India-EFTA Trade and Economic Partnership Agreement (TEPA), which has brought greater policy clarity and predictability for investors from EFTA countries. The collaboration will focus on the planning, development and operation of integrated industrial and manufacturing parks in the Mumbai region, supported by logistics and warehousing infrastructure, allied industrial services and shared industrial facilities.
A broader shift
SICC’s engagement at WEF Davos 2026 reflects a broader shift in Swiss corporate engagement with India – from exploratory discussions to structured, long-term investment planning. At a time when global investors prioritise predictability, institutional trust and continuity, this initiative reinforces India’s positioning as a credible destination for long-term global capital.
SICC has also signed an MoU with the government of Karnataka at the WEF under the India-EFTA Trade and Economic Partnership Agreement (TEPA). The MoU sets out a structured pathway for Swiss companies to engage with Karnataka, focusing on investment facilitation, company-government dialogue and execution support. It reflects the transition enabled by TEPA from policy clarity to implement-led investment planning, with SICC acting as a neutral institutional bridge between Swiss enterprises and the State.
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. “Post-TEPA, Swiss companies are focused on how and where to execute in India,” says Rao, commenting on the signing. “This MoU helps structure engagement with Karnataka in a way that supports long-term investment and expansion.”
Karnataka has already hosted a significant share of Swiss economic activity in India. Nearly 18 per cent of the Swiss companies in the machine, electrical engineering and precision sector operate in the state, while Bengaluru itself hosts a substantial number of Swiss research and development centres, highlighting the state’s role in technology, engineering and innovation-led investment. The MoU supports sustained Swiss-India investment engagement by enabling continuity beyond global platforms such as Davos and facilitating on-ground execution in the state.
SICC functions as a neutral institutional platform that facilitates long-term economic engagement between Swiss enterprises and India. The chamber works at the intersection of companies, Indian states and policy frameworks, to support market entry, expansion and execution-led investment. It is a bi-national, non-profit organisation, dedicated to promoting and strengthening bilateral trade and commerce between India and Switzerland.