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PM Narendra Modi attends business meeting in Geneva

Published By : Admin | June 6, 2016 | 13:49 IST
PM Modi meets Swiss CEOs in Geneva, Switzerland
India's economy growing rapidly; Swiss strengths can be beneficial: PM to CEOs
India not just a market of 1.25 billion, but has the skills & a Govt which is open to business: PM to Swiss CEOs
India wants to have manufacturing of global standards. Hence, Swiss model of skill development very relevant: PM
PM Modi discusses trade, technology, skill development, renewable energy with Swiss President

The Prime Minister, in his third leg of the five nation tour, held a business roundtable with Swiss CEOs in Geneva today. The focus was on deepening the economic ties as the CEOs across several sectors joined the meeting. A virtual who-is-who of the Swiss business including ABB, Lafarge, Novartis, Nestlé, Rieter, Roche etc. joined the Round Table with PM.

Addressing the business leaders the Prime Minister said that India's economy is growing rapidly and the coming together of our development needs and Swiss strengths can be beneficial. He told that he is glad that the economic linkages between the two nations are strong and vibrant. The Prime Minister said that India is not just a market of 1.25 billion, we have skills and a government which is open to business. He added that India wants to have manufacturing of global standards and hence the Swiss model of skill development is very relevant to it.

Earlier in the day, the Prime Minister reviewed the multifaceted bilateral ties between India and Switzerland with the Swiss President Schneider-Ammann. Collaboration in trade, technology, skill development, renewable energy were discussed during the talks. The Prime Minister shared the views that the common commitments, values, people-to-people and economic ties will take India-Switzerland relations to new heights.

A group of Indian scientists and students at CERN also met the Prime Minister in Geneva today.

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List of Outcomes: Prime Minister’s Visit to the UAE
May 15, 2026

S.No.

MoU/Agreement

Objectives

1.

MoU on Strategic Collaboration between Indian Strategic Petroleum Reserves Limited (ISPRL) and Abu Dhabi National Oil Company (ADNOC)

(a) Potential ADNOC crude oil storage in India’s Strategic Petroleum Reserves upto 30 million barrels, including through its participation in facilities in Vishakhapatnam, Andhra Pradesh; and development of reserve facilities in Chandikol, Odisha.

(b) Potential storage of crude oil in Fujairah, UAE, to form part of the Indian strategic petroleum reserve;

(c) Potential collaboration in Liquid Natural Gas and Liquid Petroleum Gas storage facilities in India
2.

Strategic Collaboration Agreement between Indian Oil Limited (IOCL) Company and Abu Dhabi National Oil Company (ADNOC) on supplies of Liquified Petroleum gas (LPG)

Explore potential opportunities in the sale and purchase of LPG, including long term supply of LPG, and entry into a long-term LPG sale and purchase agreement between ADNOC Gas Limited and IOCL.
3.

Framework for the Strategic Defence Partnership

A Strategic Framework for Defence Industrial collaboration, innovation and advanced technology, training, exercises, education and doctrine, special operations and interoperability, maritime security, cyber defence, secure communications and information exchange.
4.

MoU between Cochin Shipyard Limited (CSL) and Drydocks World (DDW) on setting up Ship Repair Cluster at Vadinar

 

Cooperation for setting up a Ship Repair Cluster at Vadinar, including offshore fabrication, under the Maritime Development Fund Scheme launched by the Government of India.
5.

MoU between Cochin Shipyard Limited (CSL), Drydocks World (DDW) and Centre of Excellence in Maritime & Shipbuilding (CEMS) on Skill Development in Ship Repair

The tripartite agreement establishes a framework to mobilize, train and employ skilled maritime workforce. The MoU seeks to enhance capabilities of Indian maritime workforce and position India as a hub for skilled shipbuilding and ship repair professionals.
6.

Term Sheet for setting up 8 Exaflop Super Computing Cluster in partnership between CDAC, India and G-42, UAE

 

Pave the way for collaboration between CDAC and G-42 to set up super computing cluster as part of AI Mission India.

Announcement

7.

Investment from UAE to India

(i) Abu Dhabi Investment Authority (ADIA) and National Infrastructure & Investment Fund (NIIF) of India to explore investments upto US$ 1 bn in India’s infrastructure sector.

(ii) Emirates New Development Bank (ENBD) to invest US$ 3 billion in RBL BANK of India

(iii) International Holding Company to invest US$ 1 billion in Sammaan Capital of India.