India negotiating new FTAs

India is negotiating trade agreements with Australia, Chile, Peru, the Eurasian Economic Union (EAEU) and Sri Lanka, and is reviewing existing agreements with ASEAN and South Korea.

New Delhi has also signed terms of reference (ToR) to enter trade pact negotiations with Israel, the Maldives, the Philippines and the Gulf Cooperation Council (GCC).

"India is actively participating in regional and plurilateral platforms to support diversified and sustainable supply chains, including the Indo-Pacific Economic Framework for Prosperity (IPEF)," Jitin Prasada said.