EFTA

India is aiming to attract $250 billion in investments from countries within the European Free Trade Association (EFTA), according to Commerce and Industry Minister Piyush Goyal. The announcement underscores India’s strategy to deepen trade and investment ties with EFTA nations, including Switzerland, Norway, Iceland, and Liechtenstein, as part of a broader effort to enhance foreign capital inflows and technology collaboration. Goyal highlighted sectors such as renewable energy, pharmaceuticals, high-end manufacturing, and digital technology as potential areas for large-scale investment.

The Swiss State Secretary recently spoke on the India-EFTA (European Free Trade Association) trade agreement, emphasizing its potential to boost bilateral commerce, diversify market access, and strengthen strategic economic ties. The pact, which includes Switzerland, Norway, Iceland, and Liechtenstein, aims to reduce tariffs, simplify customs procedures, and foster investment in key sectors such as pharmaceuticals, machinery, and technology. Analysts note that the agreement could accelerate India’s exports to high-value European markets while attracting foreign direct investment.

India is poised to receive up to $100 billion in foreign direct investment over the next 15 years under a new trade agreement signed with the European Free Trade Association (EFTA). The pact—inked with Switzerland, Norway, Iceland, and Liechtenstein—represents a major step toward enhancing trade flows, easing market access, and integrating India into global value chains.

India is set to implement its landmark free trade agreement with the European Free Trade Association (EFTA) from October 1, 2025. The pact, which encompasses Switzerland, Norway, Iceland, and Liechtenstein, is expected to deepen bilateral trade ties, open access to new markets, and stimulate investment inflows. The deal provides India with increased access to high-value European markets while offering EFTA countries a gateway into the rapidly expanding Indian economy.