Mumbai | June 4,2026 | SKY LINK TIMES
India to Launch 3 More FTAs in Next 6 Months:
India is set to significantly expand its global trade footprint, with another two to three major Free Trade Agreements (FTAs) expected to become operational within the next six months, Commerce and Industry Minister Piyush Goyal announced on Thursday.
Addressing the Citi India Conference 2026 virtually from Mumbai, Goyal said the country is accelerating its trade engagement strategy to strengthen economic ties, boost exports, and attract greater foreign investment. The announcement comes shortly after the India-Oman Free Trade Agreement came into effect on June 1.
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India Accelerating Global Trade Partnerships
According to Goyal, India currently has nine FTAs in various stages of negotiation and implementation. He expressed confidence that all of these agreements could become operational within the next nine to ten months.
“Over the next year, around three to four more major FTAs will be executed, and all nine FTAs currently in the pipeline are expected to come into effect,” the minister said.
The government views these trade agreements as critical instruments for expanding market access for Indian businesses, increasing exports, and strengthening India’s position in global supply chains.
Government Ensures Energy Security Amid West Asia Crisis
The minister also highlighted the government’s successful efforts in maintaining energy security despite geopolitical tensions in West Asia and concerns surrounding the Strait of Hormuz, a key global oil transit route.
Goyal stated that India ensured uninterrupted supplies of petrol, diesel, aviation turbine fuel (ATF), liquefied natural gas (LNG), and domestic LPG during the crisis. He added that fuel price increases were kept relatively moderate despite rising global energy costs and inflationary pressures.
The government’s strategy of diversifying energy sources helped mitigate supply disruptions and maintain stability in domestic markets, he noted.
Fertiliser Support and Inflation Management
Addressing concerns related to agriculture, Goyal said the government continued supplying fertilisers to farmers at unchanged prices despite higher international costs.
According to him, the Centre absorbed the additional burden caused by rising global fertiliser prices, helping farmers avoid cost pressures while supporting agricultural productivity.
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India Emerging as a Manufacturing and Innovation Hub
The Commerce Minister said India is increasingly being recognised as a reliable alternative destination for manufacturing and investment. He projected that the country would remain among the world’s fastest-growing major economies over the next two decades.
Goyal also emphasized India’s transition from an assembly-based economy to an innovation-driven ecosystem. The government is actively promoting research and development, product design, artificial intelligence applications, advanced technologies, and clean energy solutions.
He noted that clean energy investments are becoming increasingly important for supporting data centres and other technology-intensive industries.
Strong Investor Confidence in India’s Growth Story
Highlighting investor sentiment, Goyal said long-term global capital continues to view India as one of the most promising investment destinations.
He added that investors who have maintained confidence in India’s growth trajectory have been rewarded over time, reflecting the strength and resilience of the country’s economic fundamentals.
The minister’s remarks come as the government intensifies efforts to position India as a leading global hub for manufacturing, technology, trade, and investment.
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