A special EFTA desk has been launched to facilitate trade and investment between the two regions in a significant step to promote economic cooperation between India and the European Free Trade Association (EFTA).
The effort aims to improve business opportunities from Iceland, Lichenstein, Norway and Switzerland as it is ready to engage in the Indian market under the Indo-Efta Trade and Economic Alliance Agreement (DeBA), which signed on March 10, 2024.
India represented India with Union Trade and Industry Minister Push Goyal at the official missile Bharat Hall Report Years.
The EFTA desk will serve as the main communication point for businesses from the states, remedy investment concerns, provide a market expansion guidance and maintain the database of economic opportunities.
“The desk will serve as the central point of connection to the EFTA businesses who want to expand in India, to address the concerns of investors, and to provide support and guidance on expansions in new markets and maintain a detailed database of investment opportunities,” said Efta.
Although TEPA has not yet had a proper effect, the business of four EFTA countries is already actively preparing to take advantage of new business opportunities and strengthen relations with Indian colleagues.
This week, more than 100 EFTA companies have visited India, reflecting the growing interest in the contract. The TEPA is aimed at attracting $ 100 billion worth of investments and creating one million jobs in India over the next 15 to 20 years.
When the EFTA desk begins a defined moment, Push Goyal noted that “This makes it easy for business to do in India, ensures the free flow of capital and resources in both ways, and go to any concerns that crops, and then, of course, in the Indian government, in the Indian government, of course. It is the world that will help us to ease the business, not just four people, but also in the world of business, trade and business. “
Senior officials of the EFTA member states praised the effort. Norwegian deputy minister Domas has shown its importance in helping Norwegian enterprises to enter the Indian market, called “an important milestone in our joint ventures in making businesses and investment in investment for businesses.”
Martin Ijolphson, Permanent Secretary of Iceland, noted the enormous ability of renewable energy to fisheries, while Lichenstein’s Foreign Minister Dominic Husler stressed his role in supporting India’s economic aspirations through innovation and infrastructure development.
Helen Puttlicer Arteda, Secretary of State for Economic Affairs in Switzerland, said, “Opening the EFTA desk by India and the interesting presence of EFTA in Delhi shows that the TPA text and promises.
