India-EU FTA will lead to new wave of investments
Press Trust of India
India-EU FTA will lead to new wave of investments
By Staff Writer
Namita Tewari
19 November 2009
Metz (France). (PTI) 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 PTI at the Euro-India Transportation Systems (EITS) event here.
