New Delhi, Jan. 27 -- Indian industry chambers have welcomed the announcement of the India-European Union Free Trade Agreement (FTA), terming it a "strategic breakthrough" that will significantly deepen trade, investment, employment, and competitiveness across key sectors.

In a statement, Chandrajit Banerjee, Director General of the Confederation of Indian Industry (CII), said CII applauded the India-EU FTA announced today.

"This landmark agreement represents a strategic breakthrough in India's global trade engagement and significantly deepens the partnership between two major democracies and economies that together account for nearly 25% of global GDP."

Highlighting the scale of market access secured under the agreement, Banerjee said...