Full Speech: PM Narendra Modi Urges India-EU Business Leaders To De-Risk Supply Chains Via New FTA

0 January 27, 2026 09:04

On this Special Report, the focus is on Prime Minister Narendra Modi’s address regarding the landmark Free Trade Agreement (FTA) between India and the European Union. Speaking at the India-EU Business Forum, the Prime Minister highlighted the ‘unprecedented alignment’ between the two democratic powers. Narendra Modi stated, ‘This will give India’s labour-intensive industries easy access to the European Union market,’ specifically noting benefits for textiles, gems, and engineering goods. He urged the business community to reduce external dependencies in critical sectors like EVs, chips, and APIs by building trusted supply chains. The Prime Minister also called for deeper cooperation in defense, space, and green hydrogen to ensure a sustainable future. Emphasising the role of the private sector, he noted that the trade volume has doubled to 180 billion Euros over the last decade, positioning the partnership as a global growth engine.

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