President of India hosts Hereditary Prince Alois and Princess Sophie of Liechtenstein at Rashtrapati Bhavan

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President of India hosts Hereditary Prince Alois and Princess Sophie of Liechtenstein at Rashtrapati Bhavan

27 October 2026

President Droupadi Murmu received Hereditary Prince Alois and Hereditary Princess Sophie of Liechtenstein at Rashtrapati Bhavan and hosted a banquet in their honour. The President said India-Liechtenstein cooperation is growing in trade, investment, science and technology, innovation, culture and people-to-people exchanges. She noted that the Trade and Economic Partnership Agreement between India and the European Free Trade Association, concluded in 2024, has opened new avenues for trade and investment, and referred to the commitment to facilitate 100 billion dollars of investment in India and create 1 million direct jobs over the next 15 years. Liechtenstein companies were described as interested in advanced manufacturing, fintech, agricultural research, sustainable infrastructure, healthcare and materials science.

Investment commitment under India-EFTA agreement: 100 billion dollars over 15 years Direct jobs expected: 1 million

Why it matters for exams: The durable facts are that Liechtenstein is a landlocked European principality with Vaduz as its capital and is one of the four members of the European Free Trade Association, and that India's agreement with EFTA is called the Trade and Economic Partnership Agreement.

Kerala PSCUPSC

27 October 2026 Source: Press Information Bureau

In plain words

EFTA European Free Trade Association — A four-member bloc of Iceland, Liechtenstein, Norway and Switzerland; it is not part of the European Union.

TEPA Trade and Economic Partnership Agreement — The name of the trade agreement between India and the EFTA states.