India’s new Free Trade Agreement with the European Union is poised to ignite a surge in exports and innovation, creating vast opportunities in IT, automobiles, pharma, and more. ESC Chairman Veer Sagar, in an interview, called it a historic equalizer that propels India toward self-reliance.
The core strength lies in collaborative equality. IT firms will partner on innovation hubs for AI, automation, and product lifecycle management, moving beyond mere outsourcing.
Bureaucratic barriers to European visas for work and study dissolve under the FTA, facilitating seamless people-to-people and knowledge exchanges.
Echoing Atmanirbhar Bharat, the deal encourages split manufacturing—India excels in components, EU in integration—building resilient supply chains.
India’s shift from task-taker to tech pioneer, fueled by domestic production booms, resonates across sectors like agriculture and finance. Europeans now see India as a strategic bedrock.
This alliance accelerates tech transfers, joint R&D, and exports, branding India as the world’s next innovation and manufacturing dynamo.