The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.
The official also said negotiations for the pact are at an advanced stage and both sides are trying to conclude it fast.
The investment commitment would help India balance Switzerland's decision to remove customs duties on most of its goods.
When asked if this move would have an implication on the agreement, the official said that it can be bargained against many other things. "We have told them that we will be requiring commitments on investments so that this zero duty on goods can balance more investments and more manufacturing in the country," the official said.
The Indian negotiators are also trying to see how the Swiss companies can come and manufacture in India so that it gives a boost to Make in India programme and also helps in raising the domestic manufacturing power.
Denne historien er fra January 31, 2024-utgaven av Financial Express Mumbai.
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Denne historien er fra January 31, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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