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 Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement