The India-EU Free Trade Agreement has sparked widespread acclaim from business heavyweights, who view it as a cornerstone for future prosperity in an era of geopolitical flux.
At the Indo-EU Business Forum’s margins, Hapag-Lloyd India’s MD Frank Schlodder called the deal a ‘historic breakthrough’ after exhaustive discussions. ‘With global trade rules under strain, this FTA positions us to thrive,’ he affirmed, focusing on strategic exploitation of its provisions.
Rajosh Vohra of Artisana India-Chicco, drawing from his Italian roots, lauded the simplifications in cross-border commerce. ‘New avenues for enterprises are emerging, streamlining everything from shipments to market entry,’ he shared.
Veteran electronics manufacturer Dixon’s Vinod Sharma emphasized technological inflows. ‘Beyond Europe’s vast consumer base, we’re eyeing high-tech transfers and boosted FDI,’ Sharma detailed, citing his firm’s four-decade legacy.
For Elsevier’s YS Chi, the pact facilitates seamless interactions in commerce, human capital, and intellectual assets. ‘It’s a win for India, the EU, and the global economy at large,’ he declared.
Echoing this, Business Europe’s Frederik Persson stressed synergy. ‘This opportune deal merges India’s workforce strengths with Europe’s innovations, forming a powerhouse market under reliable governance,’ he noted. The collective enthusiasm signals a robust path ahead for bilateral trade ambitions.