India–EFTA TEPA: $100B Investment, 1M Jobs, MSME & Startup Growth

The India–EFTA Trade and Economic Partnership Agreement (TEPA) has been established, marking a significant milestone in India's global trade relations with Switzerland, Norway, Iceland, and Liechtenstein

This comprehensive economic partnership aims to enhance trade, innovation, and investment, pledging $100 billion in investments over 15 years and promising to generate one million jobs in India

Indian MSMEs are set to benefit significantly through tariff advantages, reduced compliance costs, improved logistics, and increased market access, enhancing their competitiveness in European markets

The agreement supports India's thriving startup ecosystem by providing access to European venture funding and facilitating collaborations in AI, deeptech, clean energy, and life sciences

TEPA aims to create jobs in diverse sectors, such as engineering, pharmaceuticals, food processing, textiles, and IT-enabled services, fostering employment growth alongside trade expansion

Indian farmers and rural enterprises will gain premium market access, benefiting from tariff advantages in agri-marine exports and alignment with European sustainability standards

European companies are expected to invest in various sectors, reflecting confidence in India's economic potential and the partnership's promise of sustainable growth

TEPA strategically positions India as a key player in global trade, aligning its market scale with Europe's technological expertise to foster inclusive and innovation-driven economic growth

The partnership is heralded as a "win-win" for global investors, offering a stable and predictable framework for future prosperity and collaboration between India and Europe

The coming into force of TEPA is celebrated as a symbol of clarity and certainty in a globally uncertain trade environment, setting a blueprint for future economic success