India–EFTA Deal: A Bold New Chapter in Global Trade
India is set to witness a historic moment in international trade. Beginning October 1, the India–EFTA Trade and Economic Partnership Agreement (TEPA) will officially come into force.
Why is this agreement special?
👉 For the first time in India’s trade history, a partner bloc has made a legally binding commitment to Foreign Direct Investment (FDI).
👉 The EFTA countries — Iceland, Liechtenstein, Norway, and Switzerland — have committed to invest $100 billion in India over the next 15 years.
👉 This investment is expected to generate over 1 million jobs in India, making it one of the most impactful trade deals ever signed.
The EFTA bloc may not be part of the European Union, but their confidence in India reflects the strength of our economic potential and trust in our markets.
This is not just a trade agreement — it is a strategic partnership that links investment with employment and sustainable growth.
Let’s look forward to how this will shape India’s trade future and global footprint.
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