India is near finalizing a first-of-its-kind commerce deal that would see a small group of European nations make investments as a lot as $100 billion over 15 years in trade for simpler commerce entry to the world’s most populous nation, in accordance with folks with information of the matter.

The European Free Trade Association, which contains Switzerland, Norway, Iceland and Liechtenstein, made a dedication to spend money on India as a part of a commerce pact that’s within the remaining levels of negotiations, the folks stated, asking to not be recognized because the talks are nonetheless ongoing.