India–EFTA Trade Pact With $100 Billion Investment Comes Into Force

03 Oct 2025 CW Team

Union Commerce Minister Piyush Goyal hailed TEPA as a defining moment in India’s economic engagement with Europe, describing it as a “trusted partnership between friends” rooted in mutual respect. He emphasised that the pact is the first of its kind to include a firm investment commitment, balancing interests and strengthening investor confidence.

The agreement will boost cooperation across life sciences, clean energy, precision engineering, food processing, AI, education, healthcare, shipbuilding and advanced manufacturing. Goyal highlighted complementarities between India’s scale and talent and EFTA’s strengths in innovation and finance, adding that the partnership will enhance growth while protecting sustainability.

He underlined that the pact is not just about tariff cuts but about establishing a stable and predictable framework that signals India and EFTA’s commitment to inclusive growth. The deal is expected to particularly benefit MSMEs, farmers, and services exporters by improving standards cooperation, reducing compliance costs and providing premium-market access.

Swiss State Secretary for Economic Affairs Helene Budliger Artieda described the pact as a “win-win partnership” and reaffirmed EFTA businesses’ belief in India’s growth story. Commerce Secretary Rajesh Agrawal added that the agreement marks the start of a new era of innovation and prosperity, reflecting global confidence in India’s trajectory towards becoming the world’s third-largest economy.

TEPA’s implementation will focus on sectoral roadmaps, MSME onboarding, logistics facilitation, and stronger FTA utilisation. The partnership harnesses the “Power of Five”: India’s scale, Switzerland’s finance and precision manufacturing, Norway’s maritime expertise, Iceland’s clean-tech, and Liechtenstein’s specialised engineering.

The Prosperity Summit in New Delhi marked the entry into force of the India–EFTA Trade and Economic Partnership Agreement (TEPA), which sets an investment target of $100 billion over 15 years and aims to create one million direct jobs in India while opening access to goods and services across Switzerland, Norway, Iceland and Liechtenstein.Union Commerce Minister Piyush Goyal hailed TEPA as a defining moment in India’s economic engagement with Europe, describing it as a “trusted partnership between friends” rooted in mutual respect. He emphasised that the pact is the first of its kind to include a firm investment commitment, balancing interests and strengthening investor confidence.The agreement will boost cooperation across life sciences, clean energy, precision engineering, food processing, AI, education, healthcare, shipbuilding and advanced manufacturing. Goyal highlighted complementarities between India’s scale and talent and EFTA’s strengths in innovation and finance, adding that the partnership will enhance growth while protecting sustainability.He underlined that the pact is not just about tariff cuts but about establishing a stable and predictable framework that signals India and EFTA’s commitment to inclusive growth. The deal is expected to particularly benefit MSMEs, farmers, and services exporters by improving standards cooperation, reducing compliance costs and providing premium-market access.Swiss State Secretary for Economic Affairs Helene Budliger Artieda described the pact as a “win-win partnership” and reaffirmed EFTA businesses’ belief in India’s growth story. Commerce Secretary Rajesh Agrawal added that the agreement marks the start of a new era of innovation and prosperity, reflecting global confidence in India’s trajectory towards becoming the world’s third-largest economy.TEPA’s implementation will focus on sectoral roadmaps, MSME onboarding, logistics facilitation, and stronger FTA utilisation. The partnership harnesses the “Power of Five”: India’s scale, Switzerland’s finance and precision manufacturing, Norway’s maritime expertise, Iceland’s clean-tech, and Liechtenstein’s specialised engineering.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..