INDIA INC WELCOMES INDIA-EU TRADE DEAL

In a statement, Chandrajit Banerjee, Director General of the Confederation of Indian Industry (CII), said CII applauded the India-EU FTA announced today.

- TBG NETWORK

Indian industry chambers have welcomed the announcement of the India-European Union Free Trade Agreement (FTA), terming it a “strategic breakthrough” that will significantly deepen trade, investment, employment, and competitiveness across key sectors.

In a statement, Chandrajit Banerjee, Director General of the Confederation of Indian Industry (CII), said CII applauded the India-EU FTA announced today.

“This landmark agreement represents a strategic breakthrough in India’s global trade engagement and significantly deepens the partnership between two major democracies and economies that together account for nearly 25% of global GDP.”

Highlighting the scale of market access secured under the agreement, Banerjee said the unprecedented preferential access secured for over 99% of Indian exports is a game-changer for the Indian industry.

“It decisively improves competitiveness in the EU’s high-value market, anchors Indian manufacturers and service providers deeper into global value chains, and accelerates investment, technology inflows, and scale,” Banerjee said.