India Targets $100 Billion FDI with EFTA Through TEPA

India and the European Free Trade Association (EFTA) aim to attract $100 billion in foreign direct investment (FDI) over the next 15 years under their Trade and Economic Partnership Agreement (TEPA). High-level meetings and sector-specific events are planned to facilitate this investment, with activities to ensure quality standards in Indian spice exports.

India and the European Free Trade Association (EFTA) have launched a comprehensive plan to attract $100 billion in foreign direct investment (FDI) over the next 15 years, under the Trade and Economic Partnership Agreement (TEPA) signed in March. The initiative aims to lower duties on products like Swiss watches, chocolates, and cut and polished diamonds.

Parliament was informed on Tuesday that a series of high-level government meetings, stakeholder consultations, and sector-specific business events will be conducted to facilitate this investment. Minister of State for Commerce and Industry, Jitin Prasada, emphasized the importance of thematic exchanges, roadshows, and business roundtables.

Regular economic and scientific missions are planned, including high-ranking delegations and annual meetings with EFTA states. Additional efforts include screening spice export consignments for contaminants and partnering businesses at high-profile forums like the World Economic Forum. Both India and the UK are also working towards a fair and balanced free trade agreement (FTA).