This investment commitment explicitly excludes foreign portfolio investment (FPI), focusing on long-term capital for productive capacity building.

India's free trade agreement (FTA) with four European nation bloc European Free Trade Association (EFTA) has come into effect from October 1. It is aimed at boosting two-way commerce and investments. The EFTA members are Iceland, Liechtenstein, Norway, and Switzerland . It was signed on March 10, 2024.

Under the pact, India has received an investment commitment of $100 billion in 15 years from the group. Concurrently, the EFTA nations will aim to facilitate the generation of 1 million direct jobs in India resulting from these investment inflows. This investment commitment explicitly excludes foreign portfolio investment (FPI), focusing on lo

See Full Page