India and Italy will strengthen cooperation in agriculture and food processing, and set up Joint Working Groups in the automobile and space sectors, the Minister of Commerce & Industry said in a release.
Union Commerce and Industry Minister Piyush Goyal on Thursday said that India and Italy have agreed to boost cooperation in key areas such as Industry 4.0, smart manufacturing, technology, and the automobile sector.
Veteran actor Kabir Bedi called for the promotion of tourism in India during his visit to Italy on Thursday. The actor lauded India's natural diversity and said that it has helped increase domestic tourism in the nation.
Commerce and Industry Minister Piyush Goyal has cautioned that the world's heavy reliance on a handful of countries for critical mineral supplies poses a significant threat to global economic development, calling for urgent diversification of supply chains.
India is fast-tracking negotiations for a comprehensive free trade agreement with the European Union, with Commerce and Industry Minister Piyush Goyal holding three crucial meetings with EU Trade Commissioner Maros Sefcovic within just 35 days.
India on Thursday proposed establishing an 'Italy Enclave' within one of its industrial towns, offering Italian companies and workers a comprehensive ecosystem that would serve as a "home away from home."
"We realise that the bilateral trade between our two nations is so low, and is suboptimal. We have a lot of work to do, whether it is trade, whether it is investments, whether it is technology, whether it is tourism," Goyal said.
India has received a significant support from global companies and investors during Commerce and Industry Minister Piyush Goyal's visit to Italy, as several leading Italian companies announced plans to expand their presence and double down on investments in the country.
The Governor of Himachal Pradesh, Shiv Pratap Shukla, on Wednesday felicitated athletes of Special Olympics Bharat who represented India in the World Winter Games in Turin, Italy (2025) and the World Summer Games in Berlin, Germany (2023).
iMoon Lighting, a leading international lighting specialist for the food and fashion retail sectors, announced its entry into the Indian market following high-level discussions with Commerce and Industry Minister Piyush Goyal during his official visit to Italy.
Italian filtration and thermal management company UFI Filters has announced plans to significantly expand its presence in India through renewed investment commitments, according to company Chairman Giorgio Girondi.
Commerce Minister Piyush Goyal commenced his two-day visit to Italy on Wednesday following the conclusion of his engagements in France focused on advancing economic cooperation between the two countries.