India is now making a different place around the world from the perspective of business. This is the reason why the attraction of the Indian market has increased among foreign investors. Giving information in this regard, Union Minister Piyush Goyal said that a large party of Block European Free Trade Organization (EFTA) and Israeli investors of four European countries is coming to India next week to search for business opportunities. < /P>
Let me tell you, members of the European Free Trade Association are Iceland, Leishttentene, Norway and Switzerland. More than 100 investors from EFTA member countries are important to visit India because it has signed the Trade and Economic Partnership Agreement (TEPA) with India on March 10, 2024.
will get 100 billion US dollar investment
India has committed an investment of US $ 100 billion in 15 years under the agreement, while Switzerland watches, chocolate and chopped and polished diamonds like diamonds Many products have low or zero access to zero fee. The agreement is expected to be implemented by the end of this year. Goyal said that Representatives of EFTA are coming with more than 100 investors. More than 200 investors are expected to arrive from Israel. His three -day journey will begin from 10 February.
‘Big companies are coming’
Union Minister Piyush Goyal said, ‘Big companies are coming Are. People interested in installing technology and manufacturing units are coming. The EFTA block has expressed an investment commitment of US $ 100 billion. After the implementation of the agreement, within 10 years, US $ 50 billion will be invested and US $ 50 billion in the next five years, which will open one crore direct employment opportunities in India.
EFTA is not part of the European Union EFTA countries are not part of the European Union (EU). It is an inter-governmental organization to promote and increase free trade. It was established as an alternative to those countries that did not want to join the European community. India is negotiating separately on a comprehensive free trade agreement with the Group of 27 countries. It was US $ 18.65 billion. Switzerland is the largest business partner and investor in India. After this, Norway comes. During April 2000 to September 2024, India received a foreign direct investment of US $ 10.72 billion from Switzerland. On the other hand, bilateral trade between India and Israel has come down from US $ 10.77 billion in 2022-23 to US $ 6.53 billion in 2023-24. T) European Free Trade Association (T) EFTA Member Countries (T) European Free Trade Association (T) Business News (T) Union Minister Piyush Goyal (T) Investment (T) Investment (T) In India (T) European Free Trade Association (T) Business News
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