27.01.2026 12:05
Indian Prime Minister Narendra Modi announced the free trade agreement with the European Union, stating that this agreement will provide significant contributions to India's manufacturing and service sectors. Modi said, "A major agreement was signed yesterday between the EU and India. People are calling it 'the mother of all agreements'."
Indian Prime Minister Narendra Modi announced that a free trade agreement has been reached to enhance economic and strategic relations with the European Union (EU), stating that the agreement will significantly contribute to the country's manufacturing and service sectors.
"A GREAT AGREEMENT HAS BEEN SIGNED"
According to Asian News International (ANI), speaking at the opening of India Energy Week held in the state of Goa, Modi said, "A great agreement has been signed between the EU and India yesterday. People are calling it 'the mother of all agreements'."
"IT WILL CREATE SIGNIFICANT OPPORTUNITIES FOR BOTH SIDES"
Describing the India-EU Free Trade Agreement as "an example of the strong partnership between two of the world's leading economies," Modi emphasized that the agreement reached to deepen economic and strategic relations will create significant opportunities for both sides.
"IT WILL GIVE A GREAT IMPETUS TO MANUFACTURING"
Stating that the agreement will strengthen investment opportunities, Modi said, "This agreement will give a great impetus to manufacturing in India and will also facilitate the expansion of the service sector. At the same time, it will increase the confidence of investors and the business community."
REPRESENTING 25% OF THE WORLD'S POPULATION
India and the European Union represent about one-fifth of global trade and 25% of the world's population. The EU is India's second-largest trading partner after China. The agreement is expected to eliminate tariffs and non-tariff barriers on more than 90% of Indian-origin products. Sectors such as textiles, leather, chemicals, electronics, and jewelry are expected to benefit the most from the agreement.