“Chirag Paswan Highlights India’s Key FTAs and 100% FDI in Food Processing at GBS 2026, Boosting Economic Growth”

At the recently concluded ET NOW Global Business Summit 2026, Union Minister Chirag Paswan highlighted India’s strategic economic advancements, particularly in the realm of international trade. He announced that the country has successfully negotiated key Free Trade Agreements (FTAs) with significant global partners, including the European Union (EU) and the United States (US). These FTAs are expected to pave the way for enhanced market access, promoting bilateral trade and investment, thereby accelerating India’s economic growth trajectory. Paswan emphasized that the government’s policies have led to a remarkable 100 percent increase in Foreign Direct Investment (FDI) in the food processing sector. This surge in FDI is anticipated to not only bolster domestic production but also drive exports, making India a formidable player in the global food market. The minister noted that the food processing industry is crucial for India’s economy, contributing significantly to employment generation and income levels in rural areas. Furthermore, the emphasis on food processing aligns with the government’s broader vision of doubling farmers’ income and achieving self-sufficiency in food production. Paswan also addressed the importance of innovation and technology in enhancing productivity within the sector, urging stakeholders to adopt modern practices to meet the growing demands of consumers both domestically and internationally. The discussions at the summit reflected a collective acknowledgment of the need for robust policy frameworks that facilitate trade and investment, while also promoting sustainable practices in agriculture and food processing. The minister’s remarks resonated with the audience, underscoring the pivotal role that strategic trade agreements and foreign investments play in shaping India’s economic landscape. As the nation moves forward, the focus remains on creating a conducive environment for businesses to thrive, which in turn will contribute to the overall economic development of the country. With these initiatives, India aims to position itself as a global hub for food processing and export, capitalizing on its vast agricultural resources and growing consumer market. The ET NOW Global Business Summit 2026 served as a platform for industry leaders, policymakers, and experts to engage in fruitful discussions on the future of business and trade in India, fostering collaboration that is essential for navigating the complexities of the global economy. As India continues to strengthen its economic ties with key international partners, the emphasis on strategic FTAs, increased FDI in critical sectors, and the pursuit of innovation will undoubtedly play a significant role in achieving sustainable growth and development.