+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code