EFTA Investments Begin Flowing into India; Iceland Pours $30 Million…

Sarah J · 2026-03-10T16:42:17.000Z

Investments from the European Free Trade Association (EFTA) have begun entering India following the implementation of the India-EFTA Trade and Economic Partnership Agreement (TEPA), with an Icelandic company investing $30 million in a Maharashtra-based firm. The investment marks one of the first tangible capital inflows under the landmark trade pact between India and the four EFTA member countries-Iceland, Liechtenstein, Norway, and Switzerland. According to officials, the Icelandic investment will support a company operating in the fisheries sector in Maharashtra, and the project is expected to generate around 800 to 1,000 jobs in Aurangabad. The development signals the beginning of a broader investment pipeline under the TEPA agreement. Under the pact, EFTA countries have committed to facilitating $100 billion in foreign direct investment into India over the next 15 years, alongside efforts to strengthen trade and industrial collaboration between the regions. The agreement, which entered into force in 2025 after more than a decade of negotiations, aims to deepen economic cooperation through tariff reductions, investment promotion, and enhanced trade in goods and services. The first Icelandic investment under the agreement highlights growing European interest in India’s expanding industrial and export ecosystem, particularly as global companies look to diversify supply chains and tap into India’s large market.

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EFTA Investments Begin Flowing into India; Iceland Pours $30 Million… | SEINET