In an interview to The Hindu, Mr. Goyal said that the EU FTA was done quickly because he has the “confidence and guidance” of the Prime Minister. We are able to do [FTA deals] fast because we are very clear in our mind. No country in the world has become a developed country by shutting its doors or looking inward. The EU FTA engagement started in 2021 and in mid-2022, we launched and [began negotiations]. The potential [of the EU FTA] on labour intensive sectors, where we’ve got huge wins, is about $35 billion.

Source: The Hindu January 31, 2026 10:29 UTC