Piyush Goyal urges industry to leverage India-EFTA trade pact; highlights $100 billion investment commitment

March 13, 2026 7:25 PM

Piyush Goyal urges industry to leverage India-EFTA trade pact; highlights $100 billion investment commitment

Union Commerce and Industry Minister Piyush Goyal on Friday urged industry leaders to fully utilise the opportunities created under the India-EFTA Trade and Economic Partnership Agreement (TEPA), highlighting a legally binding $100 billion foreign direct investment (FDI) commitment from EFTA nations and the potential to generate one million jobs in India. Addressing a commemorative session marking two years of the agreement organised by ASSOCHAM in New Delhi via video conference, Goyal describe...

India-EFTA Trade Pact: A landmark deal to spur $100 billion investment, 1 million jobs

October 11, 2025 2:35 PM

India-EFTA Trade Pact: A landmark deal to spur $100 billion investment, 1 million jobs

In a historic step for India’s trade policy, the India–European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA), signed on March 10, 2024, came into effect on October 1. This marks India’s first free trade agreement (FTA) with the four developed European nations of Iceland, Liechtenstein, Norway, and Switzerland, heralding a new era of economic collaboration. The agreement, described as one of India’s most ambitious trade pacts, commits EFTA nations to chan...