New Delhi: Commerce and industry minister Piyush Goyal Wednesday said the four-member European nation bloc European Free Trade Association (EFTA) is keen to invest in India and the domestic industry should take advantage of that opportunity. Goyal, who is visiting Switzerland on Sunday to take forward the EFTA commitments, said that this $100 billion commitment...
Tag: EFTA
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Swiss watch brands making time for India – ET Retail
Representative image GENEVA: Swiss watchmakers are increasingly turning their sights towards India thanks to a new free trade agreement that is due to gradually open the doors for luxury timepiece exports. While some brands are already in the starting blocks, others are waiting to see whether India will become a new land of plenty. “India...
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Numerous Swiss companies keen on investing in India: Helene Budliger
A number of companies from Switzerland including chocolate maker Barry Callebaut Group, and technology group Buhler are interested in investing in India, Swiss State Secretary for Economic Affairs Helene Budliger has said. Budliger said HESS Green Mobility intends to manufacture around 3,000 electric buses in India by 2025, equating to an investment of USD 110...
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India-European Free Trade Association deal | $100-billion investment target was breakthrough moment: Swiss official
Expressing confidence that the EFTA bloc of four countries Iceland, Liechtenstein, Norway and Switzerland would be able to reach the target set by the India-EFTA Free trade agreement of $100 bn investment and 1 million jobs, one of the deal’s top negotiators cautioned that investment would come from the private sectors, and governments could only...
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India-EFTA deal happened because both sides respected sensitivities: Swiss official
India and the European Free Trade Association (EFTA) bloc were able to stitch together a trade deal after negotiations spread over just a year because both sides respected each other’s sensitivities and aimed for a balanced agreement, a top Swiss official said on Sunday. Swiss state secretary for economic affairs Helene Budliger Artieda met commerce...
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EFTA Deal: India to link duty cuts with investments from companies of member nations
India is set to tie duty reductions associated with the trade agreement with the European Free Trade Association (EFTA) to investments made by companies from member nations, including Switzerland, Norway, Iceland, and Liechtenstein, reported TOI. These nations have collectively pledged to invest $100 billion over a span of 15 years. The FTA is scheduled to...
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India mulls quota-based duty cuts on gold imports to Switzerland under EFTA
India is mulling giving quota-based duty concessions on gold imports from Switzerland under the proposed free trade agreement European Free Trade Association (EFTA) and has also sought an investment commitment of $50 billion in the first ten years after the implementation of the agreement and another $50 billion in the next five years, officials said.Iceland,...