Strong Ties, Less Trade: India, Italy Talk Business

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By: Ayanangsha Maitra
Updated: 06 May, 2022 11:28 pm IST
Union Commerce and Industry Minister Piyush Goyal and Italian Minister of Foreign Affairs and International Cooperation, Luigi Di Maio

NEW DELHI: Despite India and Italy having strong ties, the two are yet to have adequate amounts of business, Union Commerce and Industry Minister Piyush Goyal said on Friday.

“Our history goes back centuries but business relations have not taken that shape,” Goyal said during his meeting with visiting Italian Minister of Foreign Affairs and International Cooperation, Luigi Di Maio in New Delhi.

Goyal also stated that there are tremendous economic opportunities in the areas of tourism, services, the digital world, education, and designing.

During the talks, the visiting Italian foreign minister announced that India and Italy will jointly organize a Tech Summit on Energy Transition and Green Economy soon.

“I believe such engagements can truly transform our relations to the next level partners in growth,” Goyal said while chairing India-Italy Business Roundtable in the capital.

Referring to the role of the governments of Italy and India, Goel said, “We will work as a facilitator on both sides to grow.”

“The success of Indian investment in Italy is the core of the interest of the Italian government,” the Italian Foreign Minister said.

Di Maio talked about Italy’s climate concern and informed that Italy has pumped Euro 840 million for its Global climate fund initiative. “The economic repercussions of the current crisis in Ukraine will not decrease our engagement towards these goals,” he said.

The Italian FM will conclude his three-day visit to India on Friday.

Foreign Minister Luigi Di Maio arrived on May 4 and visited Bangalore. Arriving in New Delhi on Friday, he called on EAM Dr S Jaishankar and also paid tribute at the Mahatma Gandhi Memorial.

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