India and the European Free Trade Association (EFTA), which comprises Iceland, Liechtenstein, Norway and Switzerland, on Monday launched a new body that will facilitate investments of $100 billion envisaged under a trade deal signed last year.
The two sides announced the launch of the EFTA Desk by Invest India, the national investment promotion and facilitation agency, describing it as a key step towards deepening economic engagement. The desk will serve as a central point of contact for businesses from the four European countries looking to invest in India, and will help address investor concerns and resolve issues.
The EFTA Desk at Invest India will also serve as a central point of contact for providing support on expansions into new markets and maintaining a comprehensive database of investment opportunities. Commerce and industry minister Piyush Goyal said the $100 billion FDI commitment could help in catalysing as much as $400-500 billion investment proposals in the Indian ecosystem. “With this 100 billion FDI, I personally believe that we could be catalysing overall investments of may be $400 or $500 billion in the Indian ecosystem,” he said.
