Maharashtra Chief Minister Devendra Fadnavis is optimistic about the winds of change blowing through the state’s economy courtesy of the groundbreaking India-EU Free Trade Agreement. In his Tuesday statement, he predicted ‘immense advantages’ for Maharashtra across multiple fronts.
From textiles and engineering to pharmaceuticals, autos, electronics, and gems, Fadnavis foresees accelerated expansion, fiercer global edge, and seamless market entry. ‘Our farmers will thrive too,’ he assured, pointing to agri-export gains.
His X post celebrated the deal as a Modi-era triumph, binding India to 27 EU states—25% of global GDP. With 99%+ preferential access, exports could skyrocket by Rs 6.41 lakh crore, turbocharging textiles, leather, seafood, and jewelry sectors.
The pact favors processed foods and agriculture, uplifting rural economies. Mobility frameworks promise more overseas gigs for Indian workers, bolstering national clout.
‘A pivotal move for enduring trade partnerships and growth,’ Fadnavis noted, spotlighting Maharashtra’s export leadership.
Fresh from WEF’s Rs 30 lakh crore MoUs, the government is negotiating Rs 7-10 lakh crore more in sectors like quantum tech, data centers, renewables, EVs, shipbuilding, and digital infra. Breakdown: 83% FDI, multi-nation involvement from America to Scandinavia.