India-EU Deal: Pithampur's Auto Parts, Textile, Pharma Sectors Set for Bumper Boost

• The India-EU Free Trade Deal, dubbed the "Mother of All Deals," is finalized, promising significant benefits for Pithampur's industrial area.
• Pithampur Industrial Association President Gautam Kothari highlights the elimination of 99% import duties, boosting exports and impacting 25% of the world's population.
• The auto parts sector in Pithampur, known as the "Detroit of India," will see duties of 4-16% reduced to zero, opening the entire European market and creating jobs.
• The textile sector is poised for substantial gains, with potential investment up to 20 lakh crore and 25,000 new jobs, driven by European technology and high-grade cotton.
• Pharma, food processing, and small and medium-sized industries in Pithampur are also expected to benefit directly and indirectly from the trade agreement.

Why It Matters: The India-EU trade deal will significantly boost Pithampur's auto parts, textile, and pharma sectors through duty elimination and investment.