Going by your logic, EU will have to build their own Coca Cola, Pepsi, Facebook, Google, and what not.
And China or India is not going to buy any of your products.
Is this how you want it to be?
Globalization predicates that capital and goods are procured from places where they are readily available. It is what the post-WWII world was built on. Global trade may break apart to some extant due to the nationalism resurge, but economies of scale is real and smart businesses will leverage that.
It's not conventional thinking, but this is how trade works.
Most trade treaties now consider the human element too (like in the case of EU, which allows free people movement for employment, just like free goods movement).
I'd suggest you start with identifying and quantifying the areas of improvement.
Tools to analyze code quality, unit test coverage and defect leakage could give a sense of what the problem areas are. From there, you can build a consensus on the to-be state. This apprach would shine light on the relevant problems and would reduce resistance.
I don't think there is any talk of visa-free travel for Indian tech workers to the EU.