India-EU Investment Protection Pact, GI agreements in progress: Goyal

Union Commerce and Industry Minister Piyush Goyal on Friday invited Estonian businesses to explore long-term investment in India. Addressing the India-Estonia Business Forum in the presence of the Estonian Foreign Minister, Margus Tsahkna, Goyal Highlighted how combining India's digital leadership & scale with world-class manufacturing, backed by the framework of the India-EU FTA, can power not just our bilateral ties but also strengthen the India-EU partnership. He said,India is a very attractive long-term investment destination and added the we offer one of the fastest-growing markets in the world for businesses. He added that India is also looking at social security agreements with different countries.After concluding a free trade agreement, India and the European Union (EU) are working on the proposed investment protection and GI (Geographical Indications) agreements, Commerce and Industry Minister Piyush Goyal said. Estonia is a Baltic nation in Northern Europe, known for its advanced digital governance and innovation-driven economy. It is a member of the European Union, the eurozone, and the Organisation for Economic Co-operation and
Development (OECD).

India and Estonia can collaborate across:

Digital public infrastructure and e-Governance
Ports, logistics and maritime connectivity
Sustainable agri technologies and
Defence and security technologies pic.twitter.com/wFbuRAdgE3

— Piyush Goyal (@PiyushGoyal) July 17, 2026

Earlier, in Finland, Goyal held a series of meetings with leading Finnish technology and industrial companies.During his meeting with the leadership of Nokia Corporation, Goyal discussed expanding collaboration in next-generation telecommunications, 5G and 6G technologies, digital infrastructure, electronics manufacturing, research and development, and innovation. The discussions also highlighted Nokia’s longstanding presence in India’s telecom ecosystem and explored opportunities in emerging digital technologies.
At the VTT Technical Research Centre, one of Europe’s leading applied research institutions, the minister held talks on enhancing cooperation in research, innovation, clean technologies, industrial transformation, advanced materials, digitalisation and sustainable development. Both sides also explored avenues for technology transfer and deeper research partnerships between Indian and Finnish institutions.
Goyal also met the Chairman and senior leadership of KONE Corporation. The discussions focused on smart urban infrastructure, elevator and escalator technologies, sustainable construction solutions, advanced manufacturing and localisation. The two sides explored ways to leverage India’s expanding infrastructure sector and manufacturing ecosystem.