New Delhi, Jan. 27 -- Industry leaders from Europe and India have welcomed the signing of the India-European Union Free Trade Agreement (FTA), describing it as a positive and tangible step that opens new opportunities for businesses on both sides and signals a shift from prolonged negotiations to concrete action.

Speaking on the FTA, Executive Vice President - Industrial Relations at Oxea GmbH, Lars Eric Johansson, said that while the exact extent of benefits would become clearer over time, the agreement represents a strong and encouraging move forward.

"We don't know how much we will benefit, but of course it's extremely positive and it's a good sign and it's a very positive direction of moving in something tangible. In the past, there...