The Ministry of Commerce and Industry announced on 28 October 2026 that Union Minister Shri Piyush Goyal met with H.S.H. Hereditary Prince Alois of Liechtenstein to strengthen economic engagement. The discussions focused on the India-EFTA Trade and Economic Partnership Agreement (TEPA), which took effect on 1 October 2025. Under this agreement, EFTA States aim to increase foreign direct investment into India by USD 100 billion over 15 years and create one million direct jobs. The Minister invited Liechtenstein companies to explore partnerships in manufacturing, technology, and research and development.
Key points
- India-EFTA TEPA target: USD 100 billion increase in FDI over 15 years
- Job target: Generation of one million direct jobs under the TEPA framework
- FDI performance: USD 94.53 billion inflows recorded in FY 2025-26
- Startup ecosystem: 2.50 lakh startups supporting over 25.42 lakh jobs
- Focus areas: Precision engineering, advanced manufacturing, and industrial innovation
When it applies
- Meeting between Shri Piyush Goyal and H.S.H. Hereditary Prince Alois of Liechtenstein
- India-EFTA TEPA entered into force
- India-EFTA Prosperity Summit
Who it affects
- EFTA States