The announcement of the free-trade agreement (FTA) between India and the European Union (EU) opens opportunities for Indian companies, including Bharti Airtel, to invest in the digital infrastructure in Europe, said Sunil Mittal, founder & chairman of Bharti Enterprises. <\/p>\n
\u201cI am confident that this FTA will open new avenues for collaboration, particularly in digital infrastructure, space connectivity, and secure networks, offering European investors a compelling opportunity to innovate and scale with India for global markets,\u201d Mittal said in a statement on Tuesday. <\/p>\n
\u201cThis agreement also opens opportunities for Indian companies like Airtel to invest in the digital infrastructure in Europe,\u201d he added. \u201cIn a changing global economic order, the agreement sends a powerful signal of trust, stability, and long-term partnership.\u201d <\/p>\n
Earlier in the day, the world\u2019s second-largest and fourth-largest economies, the EU and India, announced the highly anticipated free trade pact \u2013 touted as the \u201cMother of all Deals\u201d \u2013 amid turbulence in supply chains and geopolitics, driven by tariff impositions, including by the Donald Trump-led US administration and Xi Jinping\u2019s Chinese government. <\/p>\n
\u201cToday, India has concluded the largest Free Trade Agreement in its history,\u201d said Prime Minister Narendra Modi during a joint press conference with the President of the European Council, Ant\u00f3nio Costa, and President of the European Commission Ursula von der Leyen. <\/p>\n
\u201cThis FTA will boost investment between India and the European Union, foster innovation partnerships, and strengthen supply chains at the global level. In other words, this is not merely a trade agreement; it is a new blueprint for shared prosperity,\u201d said PM Modi. <\/p>\n
Leyen said in a statement, “The EU and India make history today, deepening the partnership between the world’s biggest democracies. We have created a free trade zone of 2 billion people, with both sides set to gain economically. We have sent a signal to the world that rules-based cooperation still delivers great outcomes. We will build on this success and grow our relationship to be even stronger.\u201d <\/p>\n
With a combined market estimated at over \u20b92,091.6 lakh crore (or $24 trillion), the FTA unlocks vast opportunities for the 2-billion citizens of India and the EU, according to India\u2019s Ministry of Commerce & Industry. <\/p>\n
The FTA delivers \u201cunprecedented market access for more than 99% of India\u2019s exports by trade value\u201d, while preserving policy space for sensitive sectors and reinforcing India\u2019s developmental priorities, the ministry said in an official statement.<\/p>\n
\u201cThe FTA unlocks opportunities to scale India\u2019s presence in Europe\u2019s high-value markets, while long-term, predictable access fuels partnerships with European manufacturers in steel, electronics, automotive, and renewable energy,\u201d it added.<\/p>\n
Under the FTA, broader and deeper commitments have been secured from the EU across 144 services subsectors, including IT\/ITeS, professional services, education, and other business services, while India offered access to 102 subsectors, covering the bloc\u2019s priorities such as professional, business, telecoms, maritime, financial, and environmental services.<\/p>\n
In India, the deal will need approval from the Union Cabinet. <\/p>\n
On the EU side, the Commission will put forward its proposal to the Council for the signature and conclusion of the agreement. Once adopted by the Council, the EU and India can sign the agreements. Following the signature, the agreement requires the European Parliament’s consent and the Council’s decision on the conclusion for it to enter into force.<\/p>\n
These approvals can take time, with the agreement to be signed later this year, and it is expected to come into force from 2027 onwards.<\/p>\n","protected":false},"excerpt":{"rendered":"
The announcement of the free-trade agreement (FTA) between India and the European Union (EU) opens opportunities for Indian companies, including Bharti Airtel, to invest in the digital infrastructure in Europe, said Sunil Mittal, founder & chairman of Bharti Enterprises. \u201cI am confident that this FTA will open new avenues for collaboration, particularly in digital infrastructure, space connectivity, and secure networks, offering European investors a compelling opportunity to innovate and scale with India for global markets,\u201d Mittal said in a statement on Tuesday. \u201cThis agreement also opens opportunities for Indian companies like Airtel to invest in the digital infrastructure in Europe,\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-988364","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/988364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=988364"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/988364\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=988364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=988364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=988364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}