The business tie-ups between the developed and developing economies have created a win-win situation as they simply seem to work well. On the back of the recovering markets and progressing economies, India and European Union (EU) are set to expand economic ties by establishing a platform for crucial trade and investment deals between the two economies.

The business tie-up is estimated to generate about 100 billion euros that would help multiply the business opportunist for India and Europe, a 27-nation continent which is recovering from the dreadful consequences of the financial crisis, which are still hovering the investor minds.

India and EU have already cleared the agreement requirements, confirmed the official sources. The sources have also mentioned that both parties will also sign the broad-based investment and trade agreement called BITA by the end of 2011.

Why EU wants to invest in India?
European exporters believe that Indian markets are flooded with business opportunities. There are economic opportunities in India’s key sectors like automobile, luxury goods and fashion. Plus, Europe is aware of India’s potential to become the world’s fastest economy.

For India, EU is the largest trading partner and the bilateral trade will touch 70 million euros this year.

India Prime Minister Manmohan Singh will attend the 11th India-EU Summit with an objective to disclose details of the hectic negotiations between the two counties for the previous three years.