India Sets Up Platform to Boost EFTA Investment, enhancing EFTA countries investment in India for growth.
New Delhi: The government has launched a dedicated platform to strengthen trade, investment, and business cooperation between India and the European Free Trade Association (EFTA) nations—Switzerland, Norway, Iceland, and Liechtenstein. The initiative aims to attract $100 billion in foreign direct investment (FDI) and EFTA countries investment in India.
A free trade agreement was signed with EFTA in March last year, including investment commitments in exchange for tariff reductions on products such as chocolates, watches, and cut and polished diamonds. While the agreement is yet to take effect, it is expected to be implemented later this year.
Commerce and Industry Minister Piyush Goyal stated that all four nations are progressing toward enforcing the deal. He expressed confidence that the anticipated FDI could drive total investments of $400–$500 billion, generating around one million direct jobs.
Investment Desk to Facilitate EFTA Business Expansion
To further ease market entry, a dedicated investment desk has been introduced to support companies from EFTA countries looking to expand operations in India. The centralised platform will provide market insights, regulatory guidance, business matchmaking, and assistance in navigating investment policies.
“This initiative will streamline processes and address key concerns, making it easier for businesses to operate in India,” Goyal said.
India has also proposed exclusive industrial enclaves within 20 smart cities being developed by the National Industrial Corridor Development Corporation, along with 100 industrial hubs announced in the Union Budget. Discussions are underway to allocate dedicated zones for companies from EFTA member states.
Swiss State Secretary Helene Budliger Artieda confirmed that Switzerland is actively informing its businesses about investment opportunities in India.
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