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EFTA commits to invest $100 billion under trade pact with India in sectors like infra, manufacturing: Goyal
Jul-30-2025

Commerce and Industry Minister Piyush Goyal has said that the four European nations group - European Free Trade Association (EFTA) has committed to invest $100 billion under a trade pact with India. He highlighted that these investments are expected to flow into sectors such as infrastructure and connectivity, manufacturing, machinery, pharmaceuticals, chemicals, food processing, transport and logistics, banking and financial services, insurance, and renewable energy. 

Under the trade pact, the country will receive an investment worth $100 billion in 15 years from the group while allowing several products, such as Swiss watches, chocolates, and cut and polished diamonds, at lower or zero duties. The government has established robust facilitation mechanisms to streamline the inflow of EFTA-linked investments. 

The trade deal between India and EFTA was signed on March 10, 2024. It will come into effect from October 1, 2025. The EFTA’s investments would facilitate the creation of 1 million direct jobs in India. The EFTA is an intergovernmental organization promoting free trade and economic integration among its member states: Iceland, Liechtenstein, Norway, and Switzerland. The biggest trading partner of India in the group is Switzerland.

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