Prime Minister Modi and Swiss President Guy Parmelin held talks in New Delhi as the two sides marked the first anniversary of the India-EFTA trade pact.

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• Swiss President Guy Parmelin began a three-day State visit to India on October 5, 2026, his maiden State visit and second visit to India this year.
• He received a ceremonial welcome at Rashtrapati Bhavan, followed by delegation-level talks with Prime Minister Narendra Modi at Hyderabad House in New Delhi.
• The two countries signed five agreements covering migration and mobility, exchange of young professionals, and transportation technologies and infrastructure.
• The other two are a Letter of Intent between India's Department of Science and Technology and the Swiss National Science Foundation, and an arrangement on innovation, technology transfer and entrepreneurship.
• The Migration and Mobility Partnership and Young Professionals agreements are meant to open opportunities in Switzerland for Indian students, researchers and professionals.
• The visit coincides with the first anniversary of the India-EFTA Trade and Economic Partnership Agreement, which came into force on October 1, 2025.
• EFTA comprises Iceland, Liechtenstein, Norway and Switzerland, and the TEPA is India's first free trade agreement with a European economic bloc.
• Modi said the pact is expected to bring 100 billion dollars in investment and 10 lakh direct jobs to India over 15 years.
• Both sides identified new possibilities in military exchanges and defence production and agreed to deepen cooperation in nuclear energy.
• The leaders also discussed Ukraine and West Asia and agreed that reforms in global institutions are essential.
• Parmelin is scheduled to attend the second India-EFTA Prosperity Summit on October 7 to mark the TEPA anniversary.