India is bargaining hard with the European Free Trade Association (EFTA) for the creation of at least 1 million jobs in sectors such as medical devices and food processing, and for the purpose, it is eyeing an investment of $100 billion.

       EFTA comprises four nations — Iceland, Switzerland, Norway, and Liechtenstein.

       Discussions are at an advanced stage and both sides are looking to finalise a trade agreement before the general elections in India, a person aware of the development said.

       “India is pushing for investment worth $100 billion over a period of 15 years. This could result in the generation

       Also Read

       Year ender 2023: Here's a look at top critical tech deals between India, US

       India-EFTA trade deal raises concerns on domestic access of generic drugs

       Govt rejects EFTA's data exclusivity demand to protect generic drug cos

       Medical groups raise concerns around India-EFTA after leaked documents

       Apple announces bundle deals on iPhone 14 and iPhone 14 Plus: Details here

       WTO MC13: India blocks EU proposal to link trade with industrial policy

       India's unemployment rate in 2023 dropped to 3.1%, shows NSO data

       Trading turnover logs fresh high in February, rises 2 times in a year

       Odisha approves 22 industrial projects worth investment of Rs 4,000 crore

       Peak power demand estimated to rise 7% to 260 GW this summer: Report