India-EU FTA will lead to new wave of investments

Last Updated: Thursday, November 19, 2009 - 18:26

Metz (France): A new wave of investments
from India to Europe and from Europe to India is likely to
follow the India-EU free trade agreement which would take the
bilateral trade to 160 billion euro by 2015, says the Indian
Ambassador to France Ranjan Mathai.

Two years after negotiations on the FTA began, India and
the European Union are continuing the talks with the hope of
concluding by the end of 2010.

"We are looking at very major increase in investment in
France and India and of course, larger European Union as a
whole. And we would like to encourage this by emphasising the
opportunities available in India. We will have a new wave of
investment," Mathai told at the Euro-India Transportation
Systems (EITS) event here.

Some 700 European and Indian companies in the automotive,
aerospace, rail, truck/bus, shipbuilding and transport &
logistics sectors are participating in the EITS.

Mathai said many European and Indian companies have lined
up huge investments to be made in both the regions.

He said the India-EU FTA would take forward bilateral
trade, which is expected to grow to 160 billion euro by 2015
from around 70 billion euro at present.

Bureau Report



First Published: Thursday, November 19, 2009 - 18:26

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