The long-awaited EU-India Free Trade Agreement (FTA), whose political declaration has now been announced after more than two decades of negotiations, could turn out to be a watershed moment for India’s automobile industry. That is the clear message from Hardeep Singh Brar, President and CEO of BMW Group India, who described the deal as a “very calibrated step in the right direction” that comes at a crucial time amid global geopolitical and supply chain uncertainties.
Speaking to NDTV’s Senior Executive Editor Aditya Raj Kaul, Brar said the agreement brings together two of the world’s biggest economic power centres — the European Union and India — which together account for nearly a quarter of global GDP. “Why not? Looking at how the geopolitical things have panned out, this has come just at the right time,” he said, underlining the strategic importance of the partnership.
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