Latest news with #TEPA
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Business Standard
14 hours ago
- Business
- Business Standard
India ratifies trade deal with EFTA, eyes boost in exports, investment
India on Tuesday submitted the ratification document of the free trade agreement with the four-European nation bloc EFTA to Norway. The pact, officially dubbed as Trade and Economic Partnership Agreement (TEPA), will be implemented from October 1, Commerce and Industry Minister Piyush Goyal has said on Saturday. "India deposited the Instrument of Ratification of the TEPA between India and EFTA today at the Ministry of Foreign Affairs of Norway, which is the depository entity of TEPA," according to a post by the Indian Embassy in Norway on X. The two sides signed the agreement on March 10, 2024. Under the pact, India has received an investment commitment of $100 billion in 15 years from the grouping while allowing several products, such as Swiss watches, chocolates, and cut and polished diamonds, at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.
Time of India
16 hours ago
- Business
- Time of India
India submits ratification document of TEPA with European Free Trade Association
India on Tuesday submitted the ratification document of the free trade agreement with the four-European nation bloc EFTA to Norway. The pact, officially dubbed as Trade and Economic Partnership Agreement (TEPA), will be implemented from October 1, Commerce and Industry Minister Piyush Goyal has said on Saturday. Explore courses from Top Institutes in Please select course: Select a Course Category PGDM Degree Data Analytics Technology MBA others Healthcare Digital Marketing Finance Public Policy MCA Management Project Management Data Science CXO Product Management Data Science healthcare Leadership Design Thinking Others Operations Management Cybersecurity Artificial Intelligence Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details "India deposited the Instrument of Ratification of the TEPA between India and EFTA today at the Ministry of Foreign Affairs of Norway, which is the depository entity of TEPA," according to a post by the Indian Embassy in Norway on X. The two sides signed the agreement on March 10, 2024. Under the pact, India has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products, such as Swiss watches, chocolates, and cut and polished diamonds, at lower or zero duties. Live Events The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.
Time of India
16 hours ago
- Business
- Time of India
India submits TEPA ratification document to EFTA bloc: Trade pact set to begin October 1, $100 bn investment pledged
India on Tuesday submitted the ratification document of the Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) to Norway, the designated depository for the pact, officials said. 'India deposited the Instrument of Ratification of the TEPA between India and EFTA today at the Ministry of Foreign Affairs of Norway, which is the depository entity of TEPA,' the Indian Embassy in Norway said in a post on social media platform X. Commerce and Industry Minister Piyush Goyal had earlier stated that the agreement will be implemented from October 1. The two sides had signed the pact on March 10, 2024. As part of the agreement, India is set to receive $100 billion in investment over 15 years from the EFTA bloc, which comprises Iceland, Liechtenstein, Norway, and Switzerland. In return, India will offer reduced or zero import duties on a range of goods including Swiss watches, chocolates, and cut and polished diamonds. The agreement aims to deepen trade and investment ties between India and the non-EU European nations, and is one of India's most significant recent trade pacts. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
17 hours ago
- Business
- News18
India submits ratification document of TEPA with EFTA bloc
Last Updated: New Delhi, Jul 22 (PTI) India on Tuesday submitted the ratification document of the free trade agreement with the four-European nation bloc EFTA to Norway. The pact, officially dubbed as Trade and Economic Partnership Agreement (TEPA), will be implemented from October 1, Commerce and Industry Minister Piyush Goyal has said on Saturday. 'India deposited the Instrument of Ratification of the TEPA between India and EFTA today at the Ministry of Foreign Affairs of Norway, which is the depository entity of TEPA," according to a post by the Indian Embassy in Norway on X. The two sides signed the agreement on March 10, 2024. Under the pact, India has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products, such as Swiss watches, chocolates, and cut and polished diamonds, at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. PTI RR BAL BAL Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hans India
a day ago
- Business
- Hans India
Swiss Network in India Partners with HCLSoftware to Pioneer Advanced GovTech Solutions
HCLSoftware, a global leader in enterprise software solutions, has entered into a strategic Memorandum of Understanding (MoU) with the Swiss Network in India, represented by the Embassy of Switzerland, the Swiss Business Hub India, and Swissnex in India, to join the Indo-Swiss Innovation Platform. The Platform, established alongside the Trade and Economic Partnership Agreement (TEPA) framework, sets the foundation for bilateral collaboration in strengthening digital infrastructure and strategically boosting Indo-Swiss collaboration. The MoU aims to address key public sector challenges by promoting citizen-centric digital transformation across domains of GovTeh such as, e-governance, sovereign collaboration, healthcare, edtech, and agritech. Drawing on HCLSoftware's experience in enterprise technologies and building platforms such as HCL Total Experience, HCL Universal Orchestrator, HCL AppScan, and HCL BigFix, the partnership will explore new models of collaboration that respond to real-world governance needs. By engaging stakeholders from government, academia, startups, and industry, the MoU fosters a cross-border GovTech innovation corridor, opening up opportunities for knowledge exchange and long-term co-innovation between Switzerland and India. 'This MoU represents our commitment to building international partnerships that drive meaningful innovation in the public sector,' said Mrs. Maya Tissafi, Ambassador of Switzerland to India. 'By combining our countries' strengths in technology and governance, we can create solutions that benefit citizens while setting new standards for international cooperation in digital transformation.' Jonas Brunschwig, CEO and Consul General of Swissnex in India, added, 'HCLSoftware joining the Indo-Swiss Innovation Platform in a strategic partnership can accelerate GovTech innovation. This partnership will create tangible opportunities for startups, researchers, and technology companies in both countries to collaborate on solutions that address real-world governance challenges and enhance digital infrastructure.' As part of this partnership, HCLSoftware brings its Experience, Data, and Operations (XDO) Blueprint — a strategic framework developed to support public sector modernization. This expertise will contribute to identifying scalable approaches to enhance user experience, streamline service delivery, and enable data-informed decision- making across governance domains. 'This partnership represents a meaningful step toward advancing GovTech through international collaboration,' said Kalyan Kumar, Chief Product Officer at HCLSoftware. 'By contributing our experience and frameworks like the XDO Blueprint, we aim to support joint efforts exploring innovative, citizen-centric digital transformation approaches. We look forward to working with partners across Switzerland and India to co-create scalable solutions that can enhance transparency, improve service accessibility, and strengthen public institutions for the future.' As both nations continue their digital transformation journey, the partnership will catalyze developing next-generation public sector technologies and set a new benchmark in e- governance.
