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
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?