Goyal Woos Liechtenstein: Firms Invited to Tap India's Growth Via EFTA Pact

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AuthorIshaan Verma|Published at:
Goyal Woos Liechtenstein: Firms Invited to Tap India's Growth Via EFTA Pact
Overview

Commerce Minister Piyush Goyal urged Liechtenstein firms to invest in India, leveraging the India-EFTA free trade agreement. He highlighted India's scale, reforms, and market growth, proposing partnerships to build stable, predictable supply chains. The pact includes a $100 billion investment commitment over 15 years.

India Courts Liechtenstein Investment

Commerce and Industry Minister Piyush Goyal extended a formal invitation to companies in Liechtenstein to invest in India, utilizing the recently implemented India–EFTA free trade agreement. The minister underscored India's vast market size, consistent reform momentum, and expanding consumer base during an official visit to Liechtenstein. He also emphasized the nation's focus on digitisation and infrastructure-led competitiveness.

EFTA Pact Potential

The free trade agreement, established last year between India and the four-nation European Free Trade Association (EFTA) — Iceland, Liechtenstein, Norway, and Switzerland — includes a significant commitment. India anticipates receiving $100 billion in investments over the next 15 years through this pact. Goyal encouraged Liechtenstein enterprises to use the agreement as a strategic platform for expanding their Indian operations and forging manufacturing and innovation partnerships.

Complementary Strengths

Discussions between India and Liechtenstein also touched upon the global business environment. Officials noted that in an era of disrupted supply chains and market volatility, both nations can combine their strengths. India's scale and manufacturing depth, complemented by Liechtenstein's specialized industrial capabilities, high-value innovation, and financial expertise, can foster resilient value chains and offer investors greater stability and predictability.
Goyal also urged greater participation from EFTA companies in Indian trade events, advocating for closer collaboration through business dialogues and delegations. The ministry expressed anticipation for increased Liechtenstein and EFTA enterprise involvement, aiming to translate the trade pact into robust investments and deeper technology partnerships.

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