Italy, India Forge Innovation-Driven Ties

15 Apr 2025 CW Team

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.

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