India-EU FTA: Tech Sharing, Collaboration to Boost Manufacturing, Productivity

• The India-EU Free Trade Agreement (FTA) is expected to enhance technology sharing and collaboration between the two regions.
• Industry players anticipate productivity improvements and a strengthened outlook for India's manufacturing and labor-intensive sectors.
• Mukund Vasudevan of SKF India highlights India's strengths in software, analytics, and frugal innovation complementing Europe's advanced technologies.
• CNH Industrial views the FTA as a significant advancement for the agricultural machinery industry, benefiting both India and Europe.
• The agreement reinforces India's role as a global manufacturing and export hub, fostering deeper technological collaboration, especially in farm mechanization.

Why It Matters: The India-EU FTA promises enhanced tech sharing, collaboration, and productivity, boosting India's manufacturing sector.