Ambassador of the European Union (EU) to India Tomasz Kozlowski said the chief negotiators would meet around mid- November.
"We need India as a partner," he said during a session hosted by a city-based think-tank.
His remarks assume significance as the negotiations for the proposed India-EU Broad based Trade and Investment Agreement (BTIA) have witnessed many hurdles due to major differences on crucial issues such as intellectual property rights and duty cut on automobile and spirits.
"And, now we have transformed those values into clearly identified interests... and our partnership is forward- looking," Kozlowski said during the session on 'India-EU Relations: Can it be a factor of stability in an Uncertain World?' at the India International Centre here.
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"For India, the EU is the biggest trading partner. And, after the Brexit it will only grow bigger," Kozlowski said.
"It has to be a win-win situation," he said.
"The chief negotiators will be meeting here soon, mid- November. We (EU) want to move this forward and I'm rather optimistic," the EU envoy said.
The 14th India-EU Summit was held in New Delhi on October 6, during which the two sides had held extensive deliberations on bilateral, regional and international issues, including the the Rohingya crisis and the volatile situation in the Korean peninsula.
However, there was no major headway on the much-delayed free trade agreement (FTA) at Modi's meeting with the European Council President Donald Franciszek Tusk and European Commission President Jean-Claude Juncker.
The last year's summit meeting had also failed to make any headway on the resumption of long stalled negotiations for a free trade agreement.
Kozlowski also asserted that the EU was a "credible, predictable, and reliable partner" of India in all fields of cooperation.
The EU Ambassador also praised the Narendra Modi-led government for becoming "more outspoken" on various international issues such as Paris Climate Change Conference and the stability of Afghanistan.
The envoy later also fielded questions on various other global issues, including the US-North Korea tension, Iran nuclear deal and the proposed Comprehensive Convention on International Terrorism.
Kozlowski also pitched for enhancing flow of information.
On the US-North Korea issue, he said, "As far as the DPRK (Democratic People's Republic of Korea) issue is concerned, I can only say, confrontation and military action is not a solution.