India-EFTA TEPA Begins: $100B Investment, 1M Jobs in 15 Years
The India-EFTA Trade and Economic Partnership Agreement (TEPA) has officially begun, strengthening ties with Switzerland, Iceland, Liechtenstein, and Norway. This comprehensive deal, signed on October 1, 2025, promises USD 100 billion in investment over 15 years and aims to create 1 million direct jobs in India.
The agreement, designed to boost trade, innovation, and investment, will provide stability and trust amidst global trade uncertainty. It extends premium market access to Indian farmers and rural producers, offering tariff advantages and training programs. European companies are already announcing investments in sectors like pharmaceuticals, clean energy, engineering, and high-value manufacturing, reflecting confidence in India's economic trajectory.
TEPA's job creation target spans multiple sectors, including engineering, pharma, food processing, textiles, and IT-enabled services. India's 63 million MSMEs will gain tariff advantages on textiles, specialty coffee, marine goods, and processed foods, among other benefits. The startup ecosystem in India, the third-largest in the world, will also benefit from access to European venture funding and collaboration in various sectors.
The India-EFTA TEPA positions India as a reliable hub for European investment, innovation, and job creation. With a target of USD 100 billion in investment commitments over 15 years, it sets the stage for sustainable economic growth and strengthens India's partnership with Europe.
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