Piyush Goyal Urges Industry To Leverage India–EFTA TEPA

Union Minister of Commerce and Industry Piyush Goyal today urged industry leaders to fully leverage the opportunities created under the India–EFTA Trade and Economic Partnership Agreement (TEPA), highlighting the $100 billion legally binding FDI commitment from the four EFTA nations and the potential to create 1 million jobs in India.

Addressing the Commemorative Session marking two years of the signing of the India–EFTA TEPA, organized by ASSOCHAM via video conference in New Delhi today, Shri Goyal described the agreement as a momentous occasion and a major milestone in India’s engagement with Europe.

Shri Goyal noted that India–EFTA TEPA marked the beginning of India’s deeper economic engagement with Europe. He said that following the conclusion of the EFTA agreement, India successfully concluded the agreement with the United Kingdom and subsequently finalized the trade agreement with the 27-nation European Union, which was described by European Commission President Ursula von der Leyen as the “mother of all deals”.

He called upon ASSOCHAM, under the leadership of its office bearers, to take the message of the FTA and its benefits to grassroots businesses across India. He noted that the organization represents thousands of associations and lakhs of enterprises and can play a crucial role in connecting Indian producers and service providers with global markets.

Concluding his address, Shri Goyal expressed confidence that Indian businesses will grow, expand and achieve significant success by leveraging the opportunities created through India’s trade agreements.
(updated on 13th march 2026)