Davos, January 21, 2026: The Swiss-Indian Chamber of Commerce (SICC) today signed a Memorandum of Understanding (MoU) with the Mumbai Metropolitan Region Development Authority (MMRDA) 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 approximately USD 15 billion in Swiss investments over the next 10 years, through the development of 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 the Maharashtra State.
The MoU was signed by Dr. Sanjay Mukherjee, Commissioner, Mumbai Metropolitan Region Development Authority (MMRDA), and Mr. Satish Rao, President, Swiss- Indian Chamber of Commerce, in the presence of Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra and
H.E. 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.
Commenting on the agreement, Mr. Satish Rao, President, Swiss- Indian Chamber of Commerce, said, “This MoU represents a significant step in Swiss–India economic engagement and reflects the tangible momentum created by TEPA. 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.
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.
