Union Minister for Commerce and Industry Piyush Goyal announced that the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) marks a significant milestone in India’s economic relations with Europe. In his keynote address at the India-EFTA Prosperity Summit in New Delhi, Mr. Goyal highlighted that this agreement symbolizes a trusted collaboration among friends. He emphasized that TEPA will create extensive opportunities in sectors such as life sciences, clean energy, artificial intelligence, education, and tourism, asserting that it reflects a solid commitment to fair and balanced investment.
Mr. Goyal extended a warm invitation to businesses from EFTA nations, assuring them of India’s transparent, open, and investor-friendly atmosphere, which allows 100 percent Foreign Direct Investment in nearly all sectors. He reiterated the Indian government’s dedication to facilitating smoother, faster, and more effective pathways for investors eager to explore opportunities in India.
During a media interaction at the summit, the Norwegian Ambassador to India, May-Elin Stener, described the day as a significant one for India-Norway relations, underscoring the importance of the India-EFTA agreement. She remarked on India’s position as the world’s fourth-largest economy and its ambition to transition into a developed nation by 2047, expressing Norway’s desire to be a part of this transformative journey.
Original Source: https://www.newsonair.gov.in/india-efta-tepa-a-defining-moment-in-economic-engagement-with-europe-union-minister-piyush-goyal/
Category: Business,National
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Publish Date: 2025-10-02 06:05:00
