Union Minister Ashwini Vaishnaw on Wednesday highlighted the growing momentum in the India-EFTA partnership, saying productive discussions took place between ministers and businesses from both sides at the second India-EFTA Prosperity Summit in New Delhi.
Vaishnaw said European countries increasingly consider India a major hub for innovation and manufacturing.
Editorial Insight
Key Highlights
Important points readers should notice.
Ashwini Vaishnaw highlighted growing India-EFTA economic cooperation.
He said discussions between ministers and businesses from both sides were productive.
Vaishnaw said European countries increasingly view India as a hub for innovation and manufacturing.
He highlighted partnerships that would facilitate technology exchange.
The second India-EFTA Prosperity Summit was held in New Delhi on October 7.
The summit marked one year of the India-EFTA TEPA.
He said several partnerships are being established with India that would facilitate technology exchange and create new opportunities.
The second India-EFTA Prosperity Summit brought together senior government officials, business leaders and industry representatives from India and the European Free Trade Association (EFTA) countries — Switzerland, Iceland, Liechtenstein and Norway — to discuss trade, investment and economic cooperation.
The summit also marked one year of the India-EFTA Trade and Economic Partnership Agreement (TEPA), which entered into force on October 1, 2025.
Editorial Analysis
Why This Matters
The India-EFTA partnership provides a framework for expanding trade, investment and economic cooperation between India and the four EFTA countries.
Under the agreement, India and EFTA have set an objective of mobilising 100 billion US dollars in investment in India over 15 years and facilitating the creation of one million direct jobs.
