Switzerland, Norway, Iceland and Liechtenstein have committed to invest in India as part of the trade agreement. Countries want to invest up to $100 billion in India over 15 years. India wants this to be a condition of the deal, but the EFTA countries have not yet agreed.
The EFTA countries, after 16 years of development, signed an agreement with India.
Now they will be able to sell in India at lower prices:
- Processed foods;
- Beverages;
- Electronics;
- Other engineering products.
India is now very attractive for investors. Many companies want to shift production from China to other countries and India is one of the best options. India’s economy is growing rapidly and it will soon become one of the fastest growing major countries in the world.
The United Arab Emirates also wants to invest up to $50 billion in India.
Money in India will not be invested by the governments of the EFTA countries, but by private companies. They will invest in existing and new plants in India. These investments will create more than 1 million new jobs in India.
The deal will also ensure easier movement of Indian talent into the bloc and market access for some agricultural products.
We previously wrote that the Indian refinery refuses to buy Russian oil.
We also wrote that India wants to abandon Russian weapons and move away from Moscow
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2024-02-09 22:19:00
