Close Menu
    Tags
    ai apple Babar Azam BJP cg news Champions Trophy 2025 Chhattisgarh Chhattisgarh News china Congress cricket donald trump elon musk featured google Hindi News Hindustan India ind vs eng IPL 2024 IPL 2025 Israel Israel Hamas War Jammu and Kashmir latest news Lok Sabha elections 2024 Madhya Pradesh Madhya Pradesh news market Narendra Modi News in Hindi Pahalgam Terror Attack Pakistan pm modi Rahul Gandhi Raipur Rohit Sharma samsung Supreme court T20 World Cup 2024 the chhattisgarh United States Virat Kohli whatsapp World Cup 2023
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram YouTube
    The Chhattisgarh
    Member Login
    • World
    • India
    • Chhattisgarh
    • Madhya Pradesh
    • Sports
    • Technology
    The Chhattisgarh
    Home»Technology»India Signs Economic Pact With 4 European Nations, $100Bn FDI Expected To Flow In |
    Technology

    India Signs Economic Pact With 4 European Nations, $100Bn FDI Expected To Flow In |

    The ChhattisgarhBy The ChhattisgarhMarch 10, 20243 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link

    New Delhi: India and the four-nation EFTA bloc of European nations signed an economic agreement on Sunday. India and the European Free Trade Association (EFTA), comprising Switzerland, Norway, Iceland and Liechtenstein, signed an economic agreement on Sunday which will step up trade and foreign investment, capping nearly 16 years of negotiations, Commerce and Industry Minister Piyush Goyal said after the signing ceremony.

    The Trade and Economic Partnership Agreement (TEPA) is a binding agreement for the EFTA nations to invest $100 billion over 15 years in India, the world’s fastest growing economy, Goyal said.

    Spent an engaging afternoon with the delegation from European Free Trade Association nations & the business community, alongside my colleague EAM @DrSJaishankar ji. pic.twitter.com/wXD6A0aIPO
    — Piyush Goyal (मोदी का परिवार) (@PiyushGoyal) March 10, 2024

    Switzerland’s Economic Affairs Minister, Guy Parmelin, said that the agreement would result in more FDI and innovative technology flowing into India which would boost manufacturing in the country and lead to the creation of more jobs. This would result in a further acceleration of the ‘Make in India’ campaign, he added. (Also Read: I-T Department Uncovers Cases Of Inadequate Tax Payments; Check Deadline Date For Payment)

    The European countries, on their part, will gain access to India’s vast market and economic opportunities that the world’s fastest growing economy offers, he said.

    India has sought an investment commitment of $50 billion during the first 10 years after the implementation of the agreement and another $50 billion over the next five years from the member countries of the bloc to facilitate the generation to boost manufacturing and generate one million direct jobs in the country.

    Stronger Ties Inked!

    Delighted to sign the India-EFTA Trade & Economic Partnership Agreement, yet another pact of progress for our nation.

    This watershed agreement, realised under the guidance & leadership of PM @NarendraModi ji, marks the dawn of a new era of prosperity and… pic.twitter.com/4h6FKoVAIO
    — Piyush Goyal (मोदी का परिवार) (@PiyushGoyal) March 10, 2024

    Prime Minister Narendra Modi welcomed the signing of the pact, saying, “despite structural diversities in many aspects, our economies possess complementarities that promise to be a win-win situation for all nations. With the opening up of enormous trading and investment opportunities, we have reached a new level of trust and ambition. (Also Read: GAIL Announces CNG Price Reduction By Rs 2.50 Per Kg)

    The trade agreement symbolises our shared agreement to open fair, equitable trade, as well as generate growth and employment for the youth.”
    He further said, “India will extend all possible support to EFTA countries and facilitate industry and businesses not only to achieve the committed targets but also to go beyond them. May this agreement mark the beginning of a new chapter in the journey of our nations towards a more prosperous future for us all.”

    From the EFTA bloc, the four ministers who participated in the signing ceremony are: Guy Parmelin, Swiss Federal Councillor and Head of the Department of Economic Affairs, Education and Research; Bjarni Benediktsson, Minister of Foreign Affairs of Iceland; Dominique Hasler, Minister of Foreign Affairs of Liechtenstein; and Jan Christian Vestre, Minister of Trade and Industry of Norway. India and EFTA have been negotiating the pact since January 2008 to boost economic ties.

    Economic Agreement EFTA Countries India pm modi pm narendra modi Trade and Economic Partnership Agreement
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link

    Related Posts

    Is Your Aadhaar Card In Pakistani Hands? How To Check, Report And Stop Misuse |

    May 8, 2025

    AI Surge In India Requires Additional 45-50 Million Sq ft Real Estate: Report |

    May 8, 2025

    Elon Musk’s Starlink One Step Closer To India Launch After DoT Clearance- Details |

    May 8, 2025

    Iranian FM Araghchi in India Day after Pakistan Visit, Operation Sindoor: What’s on Agenda? , India news

    May 8, 2025

    India-Pakistan Tensions: Precautions Every Smartphone Users Should Follow After Operation Sindoor |

    May 7, 2025

    Nothing CMF Phone 2 Pro Samrtphone Sale Goes Live: Check Specifications, Offers, And Price In India |

    May 7, 2025
    -Advertisement-
    Advertisement
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    © 2025 The Chhattisgarh. All Rights Reserved.
    • Contact Us
    • About Us
    • Terms & Conditions
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.