The agreement brings immense opportunities for India’s 140 crore people and millions across European nations, he said.
Modi said the agreement represents nearly 25 per cent of global GDP and about one-third of global trade.
He remarked that beyond trade, the deal strengthens the shared commitment to democracy and the rule of law.
Modi said the free trade agreement with the EU will complement the agreements with Britain and European Free Trade Association (EFTA), thereby reinforcing both trade and global supply chains.
For those engaged in sectors such as textiles, gems and jewellery, leather, and footwear, the agreement will prove highly beneficial, he said.
Modi stressed that the trade deal will not only boost manufacturing in India but also expand the services sector further.
He affirmed that the free trade agreement will strengthen global business and investor confidence in India.
Modi made the remarks when he addressed the inaugural ceremony of India Energy Week 2026 via video conferencing.
He stressed that India requires a vast pipeline network for LNG transportation, where significant investments have already been made, but large-scale opportunities still remain.
Modi noted that India’s present refining capacity stands at around 260 Million Metric Tonnes (MMT) per annum, and continuous efforts are underway to raise it beyond 300 Million MMT, which represents a major advantage for investors.
Read more details here: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2218984®=3&lang=1
