EFTA companies invited to key trade and investment events
India’s manufacturing ecosystem is increasingly combining scale, competitiveness, and reliability for global markets, says Minister of Commerce and Industry Piyush Goyal after visiting Liechtenstein on 7 Jan during which he reviewed the India–EFTA TEPA implementation and pitches for investments http://commerce.gov.in.
“India offers both scale and reform momentum, a large and expanding consumer market, a deepening industrial base, and a sustained focus on ease of doing business, digitisation, and infrastructure-led competitiveness,” said Goyal, highlighting that India achieved an estimated GDP of US$4.13 trillion in 2025 http://euronext.com.
The first ministerial visit of 2026 reflects India’s commitment to accelerate the implementation of the India–EFTA Trade and Economic Partnership Agreement (TEPA) and translate it into sustained trade, investment, and manufacturing partnerships, the Ministry of Commerce and Industry said https://www.nseindia.com/.
“With supply chains facing disruptions, uncertainties, and sharper volatility, India and Liechtenstein can combine strengths to offer stability and predictability to investors and enterprises. India’s scale, talent, and manufacturing depth can complement Liechtenstein’s specialised industrial capabilities, high-value innovation, and financial expertise,” he said https://www.bseindia.com/.
“Together, these can create resilient value chains and a reliable investment bridge, sending a signal of confidence and hope in an increasingly unsettled world,” added the Minister.
Addressing business community at Hilti AG, Goyal encouraged stronger industry-to-industry partnerships, higher value addition, supplier linkages including MSMEs, and an expanded role for India-based production in global operations.
He invited Liechtenstein companies to use TEPA as a platform to grow their India presence, build manufacturing and innovation partnerships, and participate in India’s expanding opportunities across sectors.
The visit concluded with a call to intensify India–Liechtenstein and wider India–EFTA engagement in the months ahead, the Ministry said.
The Minister encouraged greater participation of EFTA companies in key trade and investment events in India and invited closer collaboration through business dialogues and delegations https://sbi.com.in/.
He underlined that TEPA represents a shift to a higher-quality economic relationship.
TEPA carries an agreed ambition to facilitate US$100 billion in investments into India and support the creation of one million direct jobs. The EFTA’s market access offer under TEPA covers 100% of non-agri products and tariff concession on Processed Agricultural Products (PAP) https://www.conexpoconagg.com/.
Sensitivity related to PLI in sectors such as pharma, medical devices and processed food among others have been taken while extending offers. India’s offer to EFTA covers 82.7% of tariff lines, accounting for 95.3% of EFTA exports. Over 80% of these imports are Gold, with no change in effective duty on Gold.
Sensitive sectors protected, including pharma, medical devices, processed food, dairy, soya, coal, and sensitive agricultural products.
“India looks forward to welcoming more Liechtenstein and EFTA enterprises to India, translating TEPA into stronger investments, deeper technology partnerships, and a larger Indian footprint in global trade and investment flows,” the Ministry said. fiinews.com
