PM Modi Says India-EU FTA Will Boost Trade and Technology Partnership

Prime Minister Narendra Modi said the proposed India-European Union Free Trade Agreement (FTA) will open new opportunities in trade, technology, and supply chain cooperation. He made the remarks while discussing growing economic ties between India and the European Union.

The Prime Minister said stronger India-EU relations can support global economic stability and business growth.

Focus on Trade and Investment Growth

PM Modi stated that the India-EU FTA can improve market access and increase investment between both regions. He said the agreement may help businesses expand in sectors such as manufacturing, digital technology, clean energy, and innovation.

Officials believe the trade agreement can strengthen economic cooperation between India and European countries.

India and the EU are currently engaged in discussions regarding multiple trade and investment issues.

Technology and Supply Chains Key Areas

The Prime Minister highlighted the importance of secure and resilient supply chains in the changing global economy. He said India and the European Union can work together in advanced technology, semiconductors, green energy, and digital infrastructure.

Government officials also pointed to growing cooperation in artificial intelligence, clean mobility, and sustainable development projects.

Experts believe global supply chain disruptions in recent years have increased the importance of stronger international partnerships.

India-EU Economic Relations Expanding

The European Union remains one of India’s major trading partners. Bilateral trade between India and EU countries has increased steadily across sectors including engineering goods, pharmaceuticals, information technology, and renewable energy.

Trade analysts said the proposed FTA could reduce trade barriers and improve business confidence for companies operating in both regions.

Industry leaders are also expecting faster movement on investment and export opportunities if negotiations progress smoothly.

Ongoing Negotiations Continue

India and the European Union resumed free trade negotiations after a long gap and both sides are continuing discussions on tariffs, digital trade, and market access.

Officials said several rounds of talks have already taken place between negotiators from both regions.

Policy experts believe the agreement may play an important role in strengthening India’s position in global trade networks.

Focus on Long-Term Partnership

PM Modi said India and the EU share common interests in economic growth, innovation, and sustainable development. He added that stronger cooperation can benefit businesses, industries, and consumers on both sides.

Both India and the European Union are expected to continue negotiations on the proposed trade agreement in the coming months.