New Delhi, Sept. 11 -- India's free trade deal with Oman is "weeks" away, its negotiation with the European Union is progressing well in New Delhi, and the country will soon finalise the second tranche of FTA with Australia, Union commerce minister Piyush Goyal said on Wednesday, adding that New Delhi is also engaged with the United States, New Zealand, Qatar, Chile and Peru for bilateral trade agreements. Addressing a gathering of domestic industry leaders, he explained India's growth story in three bullet-points - converting challenges into opportunities, inclusivity, and action-oriented approach. Speaking about the action-oriented approach, he said "a decisive leader like Prime Minister Modi" has brought it to the table. "Today, we are engaging with the free world, with the developed countries, from a position of strength, with self-confidence. We've entered into free trade agreements, with, at least in my tenure, Mauritius, UAE [the United Arab Emirates], that was the fastest negotiated free trade agreement ever," he said. "With Australia, where the first tranche is done, we'll soon finalise the second tranche. My good friend and brother, the Hon'ble minister, Don Farrell, and I are actively working to close the finishing, and cross the finishing line," he said during a session on "The Proliferation of Trade Dynamics" at the FICCI Leads 2025. On the recently concluded FTA between India and the European Free Trade Association (EFTA) comprising Switzerland, Iceland, Norway, and Liechtenstein, he said: "These are rich countries, by the way." He added that Liechtenstein's per capita income of $183,000 and Switzerland's over $100,000. EFTA countries have committed to invest $100 billion in the next 15 years and create 1 million direct jobs. "This $100 billion is foreign direct investment [FDI], mind you. And that would be the catalyst . all of that collectively leading to an investment of at least $500 billion. That's roughly Rs.45 lakh crore of investments coming into the real world, innovation, manufacturing, services. They are not FII's [foreign institutional investor] investments. There's no money going into the stock exchange," he said. According to him, the Norwegian pension fund is separate, in addition to this. "They've already invested $50 billion. I think in the next 15 years, we'll probably see at least another $200-300 billion coming into the stock markets from this region alone," he said. He added: "Where else will they go? The Indian stock market is one of the best performing stock markets. And friends, when India provides $12 billion for promoting innovation, R&D, in India, remember that that same work done in Switzerland or UK or Europe would cost them $100 billion. And that is the pull factor. That is attracting people to look towards India."...