Iceland firms keen to boost trade ties with India: Envoy
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New Delhi: Companies from Iceland are keen to enhance collaborations with Indian firms in sectors such as fisheries, clean energy and innovation by leveraging the recently implemented free trade agreement between India and the EFTA bloc, an official said.
India and the European Free Trade Association comprising Iceland, Liechtenstein, Norway and Switzerland implemented the Trade and Economic Partnership Agreement (TEPA) on October 1, 2025. The pact, signed on March 10, 2024, includes a commitment by EFTA countries to facilitate $ 100 billion in foreign direct investment in India over 15 years, with the aim of generating about one million direct jobs.
India's Ambassador to Iceland R Ravindra said the two sides will complete two years since the signing of the agreement on March 10 next week.
