New Delhi, March 10 -- Union Minister Piyush Goyal on Sunday said that "never before in the history of FTAs has such an FTA ever happened," after India signed a USD 100-billion free trade pact with the four-nation bloc European Free Trade Association (EFTA).

"Never before in the history of FTAs has such an FTA ever happened. This is an FTA that is very well-balanced, fair, equitable and opens up opportunities for Indian industry to get the best of technologies, get innovation to India, get a huge amount of investment of USD 100 billion as FDI, which will in a way translate to project investments which could lead to USD 300-400 billion of investments. That's about Rs 30 lakh crores coming into India as investments at the project level and...