India–EFTA ties: Piyush Goyal invites Liechtenstein firms to invest; pitches India as growth hub

Commerce and Industry Minister Piyush Goyal on Wednesday invited companies from Liechtenstein to invest in India and leverage the India–EFTA free trade agreement to expand their business presence, the commerce ministry said.Goyal, who was in Liechtenstein on an official visit, highlighted India’s scale, reform momentum and expanding consumer market, along with its deepening industrial base and sustained focus on ease of doing business, digitisation and infrastructure-led competitiveness. India and the four-nation European Free Trade Association (EFTA) — comprising Iceland, Liechtenstein, Norway and Switzerland — implemented a free trade agreement last year. Under the pact, India has received an investment commitment of $100 billion over the next 15 years.The minister invited Liechtenstein companies to use the agreement as a platform to grow their India presence, build manufacturing and innovation partnerships, and participate in opportunities across multiple sectors.Both sides also exchanged views on the global business environment during the discussions.With supply chains facing disruptions, uncertainty and heightened volatility, India and Liechtenstein can combine strengths to offer greater stability and predictability to investors and enterprises, the ministry said.“India’s scale, talent, and manufacturing depth can complement Liechtenstein’s specialised industrial capabilities, high-value innovation, and financial expertise,” it said, adding that together both countries can help create resilient value chains and a reliable investment bridge.Goyal also encouraged greater participation of EFTA companies in key trade and investment events in India and invited closer collaboration through business dialogues and delegations.The ministry said India looks forward to welcoming more Liechtenstein and EFTA enterprises, translating the trade pact into stronger investments, deeper technology partnerships, and a larger Indian footprint in global trade and investment flows.