Commerce and Industry Minister Piyush Goyal invited European companies from Liechtenstein to invest in India and leverage the India-European Free Trade Association (EFTA) to expand their presence. Piyush Goyal, on an official visit to Liechtenstein, emphasised India’s scale, reform momentum, and expanding consumer market, supported by a strong industrial base and a sustained focus on ease of doing business, digitisation, and infrastructure-led competitiveness.
Under EFTA, there are four nations, including Iceland, Liechtenstein, Norway, and Switzerland implemented a free trade agreement last year. India has secured a $100 billion investment commitment over the next 15 years.
The minister’s invitation to Liechtenstein firms aims to leverage the agreement to expand their presence in India, build manufacturing and innovation partnerships, and participate in opportunities across numerous sectors. Both countries also exchanged opinions on the global business environment during the discussions.
The supply chain is facing disruption, uncertainty, and heightened volatility, which is why India and Liechtenstein are seeking to collaborate to provide greater stability and predictability for investors and enterprises. “India’s scale, talent, and manufacturing depth can Liechtenstein’s specialised industrial capabilities, high-value innovation, and financial expertise,” the ministry said in a statement.
