India-EU trade pact to create 1 mn jobs, $100 bn investment, PM Modi tells Switzerland’s Parmelin
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Prime Minister Narendra Modi said the India-EFTA trade agreement will attract $100 billion in investment and create 10 lakh jobs in India over 15 years.
- ✓He noted, "This is India's first FTA with any economic block in Europe." Both nations also plan to work together on global peace and AI.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Firstpost
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Prime Minister Narendra Modi on Monday said the India-European Free Trade Association (EFTA) trade and economic partnership agreement is expected to attract $100 billion in investment and create 10 lakh direct jobs in India over the next 15 years, as New Delhi seeks to deepen economic ties with European countries.
Speaking at a joint statement with Swiss Confederation President Guy Parmelin, Modi said Switzerland's support had been important in advancing bilateral relations.
"First of all, I appreciate his commitment to India-Switzerland relations. In October last year, with her personal support, we implemented a historic trade and economic partnership agreement between India and European Free Trade Association," he said.
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