EFTA is an inter-governmental organisation set up in 1960 for the promotion of free trade and economic integration for the benefit of these four member countries outside the European Union. Piyush Goyal, Union minister of commerce and industry, food and consumer affairs and textiles, termed it a “modern and ambitious trade agreement”. “For the first time, India is signing an FTA with four developed nations—an important economic bloc in Europe. For the first time in the history of FTAs, a binding commitment of $100 billion investment and one million direct jobs in the next 15 years has been given,” he said. The agreement, which came after 15 years of negotiations, will give a boost to ‘Make in India’ and provide a window to Indian exporters to access large European and global markets, he added.
The deal is structured in such a way that, after 15 years, there will be a review. If there is a shortfall, EFTA would have to offset it in the next three years. After 20 years, if there is an investment shortfall, India can withdraw the tariff advantages it had offered, says Ajay Sahai, director general and CEO of the Federation of Indian Export Organisations.
Denne historien er fra March 25, 2024-utgaven av India Today.
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Denne historien er fra March 25, 2024-utgaven av India Today.
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He gave the beat to the world
He would pick up the rhythms of each experience of mobility and weave them into his taals. Thus it was that he reflected joy and laughter in rhythmic cycles...such was the magic of Zakir's fingersText and photographs by Raghu Rai
KERALA TOURISM CAMPAIGN, 1989 - TICKETS TO PARADISE
All it took was a catchy tagline-'God's Own Country'-for the world to discover Kerala's wealth of natural beauty. It remains among the best tourism ad campaigns, earning the state a place among top 10 international destinations
SPIRITUALITY - THE GURUS OF COOL
Among the cult Indian gurus, no one had a bigger hold on western minds than 'Osho' Rajneesh. He's also perhaps the role model for the enterprise-building gurus of today
RETAIL SHOPPING - THE MALL MANIA
Shopping malls, a 1990s innovation in India, changed the way the Indian middle class shops. Their success now lies in being 'shoppertainment' destinations, offering something for everyone
CULINARY RENAISSANCE, 1978 - TANDOORI NIGHTS
ITC's Bukhara and Dum Pukht turned the world to tandoori cuisine and had an enormous impact on the F&B industry. Decades on, they are still a pit-stop for celebrities and heads of state visiting Delhi
INDIAN WRITING IN ENGLISH - REVENGE OF THE NATIVE
Rushdie lit the way but Indian writing in English has taken a life of its own in the past few decades, with translated Indian fiction most recently having its moment in the sun
INDIAN ART - A BRUSH WITH GOLD DUST
The 1990s economic liberalisation came as oxygen, lighting up the Indian art scene. Today, artworks by established masters routinely go for astronomical amounts
FESTIVAL OF INDIA, 1982 - CULTURE CAPITAL
The Festival of India grew into a symbol of our 'soft power', introducing our art and aesthetics to a global audience while also helping rebrand our domestic products
THE INDIPOP TREND - DISCO GOES DESI
For ages, the film song ruled. Nothing else was audible. Then came Nazia, charioteered by Biddu, and Indian ears went into a pleasant madness. Literally, Disco Deewane. A whole genre was born
SHOLAY 1975 - THE BIRTH OF THE FANDEMIC
India had seen hits before. But Sholay seared into its collective psyche like a badland bullet. The effect was on a scale never seen before- one film creating a new mass folk culture. And a trail of monster blockbusters that still continues
