Prime Minister Narendra Modi, while addressing the nation, announced the signing of the India–European Union Free Trade Agreement (FTA). He congratulated stakeholders from the gems and jewellery industry, highlighting the new opportunities the agreement will unlock for the sector and the country at large.
“Mother of All Deals” for India’s Global Trade Vision
Describing the agreement as the “mother of all deals,” the Prime Minister emphasized its scale and strategic importance in advancing India’s global trade ambitions and strengthening its economic position on the world stage.
Boost to Supply Chains, Exports, and Global Confidence
He stated that the India–EU FTA would strengthen global supply chains, significantly enhance exports, and further reinforce global confidence in India as a trusted business and investment destination.
Acknowledging Youth and Export-Driven Industries
During his address, Prime Minister Modi also congratulated the youth of India and all citizens, recognizing the critical role played by export-driven sectors such as gems and jewellery, textiles, leather, and footwear in driving the nation’s economic growth.
Catalyst for Trade Expansion and Long-Term Growth
The India–EU Free Trade Agreement is expected to play a crucial role in expanding bilateral trade, attracting investments, and supporting long-term growth across multiple industries, reinforcing India’s path toward sustainable economic development.
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