Chief Minister Devendra Fadnavis highlighted the advantageous position of Maharashtra in the India-EU Free Trade Agreement, emphasizing growth in key sectors like textiles, engineering, pharmaceuticals, and automobiles. The agreement, termed the ‘Mother of all trade deals,’ integrates India with 27 European countries, offering extensive market access and boosting exports significantly.
Fadnavis noted that the FTA will particularly benefit labor-intensive industries such as textiles, leather, marine products, and gems & jewelry, with exports expected to soar. The agreement also opens doors for Indian agricultural and processed food exports, benefiting farmers and enhancing global opportunities for skilled professionals, reinforcing India’s economic standing.
Describing the FTA as a crucial step towards international economic cooperation, Fadnavis underscored its role in positioning Maharashtra as a key player in export-driven growth. The state recently secured investment proposals totaling Rs 30 lakh crore during the World Economic Forum summit, with talks underway for additional investments in various sectors like technology, healthcare, renewable energy, and textiles.
