India targets $100 billion Swiss-EFTA investment, 10 lakh jobs under trade pact
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Prime Minister Narendra Modi on Monday said India’s Trade and Economic Partnership Agreement with the EFTA will unlock $100 billion in investment.
- ✓This pact aims to create 10 lakh direct jobs in India over 15 years.
- ✓It also boosts exports and strengthens ties between the two nations for many young professionals.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Firstpost
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Prime Minister Narendra Modi on Monday said India’s Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) is set to unlock $100 billion in investment and create 10 lakh direct jobs in India over the next 15 years.
Speaking alongside Swiss President Guy Parmelin after delegation-level talks in New Delhi, Modi described the agreement as India’s first FTA with a European economic bloc.
The Prime Minister said the pact would deepen economic ties by boosting Indian exports of agricultural, pharmaceutical, textile and engineering goods to Switzerland, while encouraging Swiss investment in sectors including biotechnology, life sciences, banking, insurance, food processing and sustainability.
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Firstpost
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