Free trade agreement signed after 17-year negotiation.
Key focus on technology transfer and local manufacturing.
Artificial intelligence to increase factory productivity and reduce costs.
Encouragement for foreign firms to partner with Indian companies.
Goal to meet global quality standards and help small and medium businesses grow.
The pact emphasizes technology sharing, local manufacturing and the use of artificial intelligence to improve industry.
Foreign companies are encouraged to form joint ventures with Indian firms and meet global quality standards.
The agreement aims to boost productivity and lower costs for small and medium businesses.
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