Italy, India Forge Innovation-Driven Ties
ECONOMY & POLICY

Italy, India Forge Innovation-Driven Ties

The Italy–India Business, Science and Technology Forum was held as part of the bilateral Strategic Partnership Plan, bringing renewed energy to economic, technological, and diplomatic ties between the two nations.

Addressing the forum, Italian Deputy Prime Minister and Minister of Foreign Affairs H.E. Antonio Tajani underscored India's strategic importance in the Indo-Pacific region. “Stability in the region is crucial to strengthening trade. India is an economy with enormous potential, and Italy is committed to building a future-focused partnership,” he said.

Tajani highlighted Italy’s interest in expanding bilateral trade—currently valued at over $14 billion—through increased investment, export, and innovation-driven collaboration. Key sectors identified for deeper engagement include artificial intelligence, space technology, supercomputing, defence, and higher education.

Goyal: “From $4 Trillion to $35 Trillion – A Growth Story Worth Partnering” Union Minister of Commerce & Industry Shri Piyush Goyal stressed the untapped potential in Indo-Italian trade relations. He emphasized removing roadblocks, encouraging seamless investment flows, and focusing on newer sectors like luxury goods, food processing, green tech, pharmaceuticals, tourism, and automobile manufacturing.

“The Indian economy is on track to grow from $4 trillion to $30–35 trillion by 2047. This makes India a compelling partner for deeper EU engagement, particularly with Italy,” Goyal said, underlining India’s vision of Viksit Bharat.

Strategic Roadmap to 2029 Goyal also referenced the Joint Strategic Action Plan 2025–29, launched by Prime Ministers Narendra Modi and Giorgia Meloni in November 2024, as a “forward-looking, ambitious and pragmatic” guide focused on trade, investment, and innovation.

Jaishankar: ‘Make in India’ Offers Path for Collaboration External Affairs Minister Dr. S Jaishankar echoed the sentiment, stating that India’s growth trajectory aligns well with the technological capabilities of Italian industry. “Make in India offers a solid pathway for collaborative manufacturing and co-development,” he said.

The forum concluded with optimism around fast-tracking Italy-India cooperation, leveraging innovation, and reinforcing diplomatic and economic ties for mutual growth in a multipolar world.

The Italy–India Business, Science and Technology Forum was held as part of the bilateral Strategic Partnership Plan, bringing renewed energy to economic, technological, and diplomatic ties between the two nations. Addressing the forum, Italian Deputy Prime Minister and Minister of Foreign Affairs H.E. Antonio Tajani underscored India's strategic importance in the Indo-Pacific region. “Stability in the region is crucial to strengthening trade. India is an economy with enormous potential, and Italy is committed to building a future-focused partnership,” he said. Tajani highlighted Italy’s interest in expanding bilateral trade—currently valued at over $14 billion—through increased investment, export, and innovation-driven collaboration. Key sectors identified for deeper engagement include artificial intelligence, space technology, supercomputing, defence, and higher education. Goyal: “From $4 Trillion to $35 Trillion – A Growth Story Worth Partnering” Union Minister of Commerce & Industry Shri Piyush Goyal stressed the untapped potential in Indo-Italian trade relations. He emphasized removing roadblocks, encouraging seamless investment flows, and focusing on newer sectors like luxury goods, food processing, green tech, pharmaceuticals, tourism, and automobile manufacturing. “The Indian economy is on track to grow from $4 trillion to $30–35 trillion by 2047. This makes India a compelling partner for deeper EU engagement, particularly with Italy,” Goyal said, underlining India’s vision of Viksit Bharat. Strategic Roadmap to 2029 Goyal also referenced the Joint Strategic Action Plan 2025–29, launched by Prime Ministers Narendra Modi and Giorgia Meloni in November 2024, as a “forward-looking, ambitious and pragmatic” guide focused on trade, investment, and innovation. Jaishankar: ‘Make in India’ Offers Path for Collaboration External Affairs Minister Dr. S Jaishankar echoed the sentiment, stating that India’s growth trajectory aligns well with the technological capabilities of Italian industry. “Make in India offers a solid pathway for collaborative manufacturing and co-development,” he said. The forum concluded with optimism around fast-tracking Italy-India cooperation, leveraging innovation, and reinforcing diplomatic and economic ties for mutual growth in a multipolar world.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement