CII president backs FTAs for joint ventures and investment
In short
CII President R Mukundan said companies should use free trade agreements to form joint ventures and look for investment opportunities. He said India’s economy has stayed resilient even with geopolitical tensions and high energy prices.
He said wider FTAs could help businesses connect more and support new work in AI and biotechnology.
What the reporting says
CII President R Mukundan urged industry to use free trade agreements to build joint ventures and explore investment opportunities, saying broader FTAs can deepen economic ties. He pointed to India’s resilient growth despite geopolitical tensions and elevated energy prices, and said expanded FTAs could support advances in emerging technologies such as AI and biotechnology. The comments frame FTAs as a tool for trade and investment.
Why it matters
R Mukundan, as CII President, said free trade agreements can help companies form joint ventures and find investment opportunities. He linked this to India’s resilient growth despite geopolitical tensions and elevated energy prices, and said broader FTAs could support emerging fields like AI and biotechnology. The remarks are aimed at industry and trade policy.