Union Minister Piyush Goyal delivered a compelling pitch to Liechtenstein’s corporate world during his recent visit, urging them to seize India’s explosive growth opportunities. At an exclusive investor meet in Vaduz, Goyal painted a vivid picture of India’s transformation into a $5 trillion economy powerhouse, ripe for strategic partnerships.
With its alpine charm and global financial clout, Liechtenstein represents the perfect match for India’s ambitions. Goyal spotlighted key enablers: Production Linked Incentive schemes boosting manufacturing, digital public infrastructure revolutionizing commerce, and a young demographic dividend fueling innovation.
‘Your precision manufacturing prowess combined with our scale can redefine industries,’ Goyal remarked, targeting high-tech domains like medtech, automation, and sustainable finance. He detailed success stories of European firms thriving in India, from semiconductors to space tech, assuring a business-friendly ecosystem with single-window clearances and IP protections.
Trade data reveals momentum: Exports from India to Liechtenstein have doubled in recent years, driven by IT services and pharmaceuticals. Yet, Goyal argued for deeper integration via supply chain diversification and R&D collaborations, especially amid global disruptions.
Addressing concerns on ease of doing business, the minister highlighted India’s 63rd rank in World Bank’s index and ambitious targets for further improvements. He also championed women-led enterprises and MSMEs as vibrant avenues for Liechtenstein’s SMEs to engage.
The response was electric, with Liechtenstein Chamber of Commerce pledging support for delegations to India. As geopolitical shifts reshape trade, Goyal’s call positions India as a stable, high-return hub for Liechtenstein’s outward expansion, fostering win-win synergies.