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From Shrimps to Software
Punjab Times (English Edition)
|October 27, 2025
New Trade Deal Opens Big Market for India
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India has unlocked another gateway to prosperity, signing an innovative trade agreement with a wealthy block of European countries which has a per capita income of over $100,000. This opens a lucrative market for Indian farmers, fishermen and MSMEs, and accelerates PM Modi's Viksit Bharat 2047 mission.
The Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association - Switzerland, Norway, Iceland, and Liechtenstein - that came into force from Oct 1 during the auspicious navratri period, is historic. EFTA countries have pledged an investment of $100 billion over 15 years - the first such commitment in any trade pact in the world. With this, governments of EFTA countries will champion investments into India, creating at least a million jobs, and catalyzing PM Modi's ‘Make in India’ mission.
This story is from the October 27, 2025 edition of Punjab Times (English Edition).
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