India's trade pact with the European Free Trade Association (EFTA) is set to boost the nation's economy with a committed investment of USD 100 billion over 15 years. These investments are expected to flow into vital sectors like infrastructure, manufacturing, and pharmaceuticals.Under the pact, India has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products, such as Swiss watches, chocolates, and cut and polished diamonds, at lower or zero duties.The government has established robust facilitation mechanisms to streamline the inflow of EFTA-linked investments. The EFTA members are Iceland, Liechtenstein, Norway, and Switzerland. (ICE NEW DELHI)

Fonte notizia: The Economic Times