Overview

• TEPA formally entered into force on October 1, activating EFTA’s $100 billion commitment to invest in India over 15 years with a clawback provision if inflows fall short.
• Swiss official Helene Budliger Artieda said EFTA wants a Bilateral Investment Treaty to give regulatory assurance to private investors and noted discussions with India’s finance ministry.
• The investment pledge is time‑phased, with $50 billion expected in the first decade and $50 billion in the following five years, according to officials at the launch event.
• EFTA’s offer covers 92.2% of its tariff lines while India grants concessions on 82.7% of its lines, and the effective duty on gold—over 80% of EFTA exports to India—remains unchanged.
• Commerce minister Piyush Goyal said a promise of an additional $150 billion from Switzerland is contingent on finalising data exclusivity, and highlighted implementation plans such as sector roadmaps and MSME onboarding.