NEW DELHI : High targets must be set for the India-Italy cooperation, said Piyush Goyal, minister of commerce and industry, as there is a lot of fresh potential, particularly in light of the recently enhanced Strategic cooperation.
During his remarks at the CEOs Business Interactive event in Rome, Italy, the Minister went into detail on how India's abundance of opportunities made it one of the most reputable places in the world to do business and make investments. According to him, India has open borders and strong ties to the rest of the world thanks to ongoing trade talks with the EU and EFTA.
He said, India's overall exports have increased by 55% over the previous two years.He said , there are about 700 Italian businesses functioning in India, and this is the best time to visit the country. The Minister added that India would offer a strong, futuristic policy framework with backward-looking adjustments.
Antonio Tajani, the Italian government's deputy prime minister and minister of foreign affairs, spoke to the leaders of the industry during the interactive session. Tajani stated that supporting MSMEs and industry will help to establish a better line of future generations in both countries.
Goyal thanked Tajani for his intense participation and noted that the India-Italy relationship has enormous room to grow and that this visit has generated fresh thinking. He said, the nations are bound together by tradition, culture, common values, the rule of law, and the desire to advance collectively. He also said that India and Italy would advance and triumph together.
The Confederation of Indian Industry (CII) and the General Confederation of Italian Industry (Confindustria) together to hold the CEOs Business Interactive session at the Indian Embassy in Rome, Italy. More than 70 CEOs from Indian and Italian enterprises took part in the session.
Giants like Sparkle, Elettronica, Piaggio, Lamborghini, ITA, etc. represented the Italian industry. The CEOs noted that India is a significant economic force and that it is time to intensify cooperation between the government and business sectors. They also stated that other investment prospects in India are being investigated by Italian businesses.
Sanjiv Puri, vice president of CII and chairman and managing director of ITC Limited, stressed that the signing of the India-EU FTA might serve as a catalyst for further strengthening the connection between India and Italy.
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