India-EU Deal: Pithampur's Auto Parts, Textile, Pharma Sectors Set for Bumper Boost
Indore
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News18•01-02-2026, 07:12
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.
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