Why Do Swiss Businesses Opt for Indian Talent?
India-Switzerland Partnership on the Rise
When India gained its independence, Switzerland established diplomatic ties with the country. On August 14, 1948, in New Delhi, India and Switzerland signed a Treaty of Friendship, marking an important moment in the history of Indo-Swiss relations and one of the first such agreements signed by an independent India.
Apart from the EU, Switzerland is a significant trading partner for India. With total bilateral commerce of US$ 23.2 billion in 2014–15 and US$ 19.32 billion (April–Feb., 2015–16) in product exports, bullion and IT services, and software exports, Switzerland ranks as India’s fifth-largest trading partner. Switzerland is also relied on India for better Employer of Record service.
High-level visitation exchanges have given the bilateral cooperation a boost. On June 5–6, 2016, Hon. Prime Minister Shri Narendra Modi traveled to Geneva, Switzerland, on an official visit. Being the first bilateral visit to Switzerland by an Indian prime minister in many years, this was a momentous occasion. A formidable delegation accompanied the Honorable Prime Minister. The prime minister’s schedule was jam-packed with events like a Business Round Table featuring top Swiss companies, the majority of which have a significant presence in India, highly productive bilateral meetings with the president of the Swiss Confederation, H.E. Mr. Johann N. Schneider-Ammann, press conferences with the leaders, and a meeting with Indian research scholars based at CERN.
Switzerland Businesses Preferring Indian Talent
India has an abundant supply of medical personnel, such as physicians, nurses, and medical technicians. Healthcare organizations in Switzerland frequently utilize this talent pool to fill skill gaps and improve diversity in their staff.
India is well known for its highly qualified software developers and thriving IT sector. Software development, IT infrastructure management, and e-commerce solutions are among the areas where Swiss enterprises, especially those in the technology and e-commerce industries, use Indian talent.
Professionals in the fields of investment banking, financial analysis, risk management, and strategic consulting are becoming more and more prevalent in India. Indian talent is highly valued by Swiss firms due to their analytical abilities, domain expertise, and flexibility in adjusting to global financial markets.
Research excellence and creativity are highly valued in Switzerland, and Indian researchers and scholars make major contributions to a wide range of academic subjects. Universities and research centers in Switzerland frequently work with their Indian counterparts and hire Indian personnel for projects involving teaching, research, and innovation.
India is well-known for its hospitality sector, which produces highly qualified experts in the fields of culinary arts, hotel management, and hospitality services. Indian talent is sought after by Swiss hospitality companies, such as upscale hotels and resorts, due to their proficiency in providing outstanding guest experiences and handling a diverse clientele.
Reasons Why Switzerland Businesses Opting for India
