Tajani called for stronger collaborations in sectors such as space, technology, steel and aluminium. He also announced Italy’s plan to expand trade with non-EU markets as part of a broader strategy, noting that 40% of the country’s GDP comes from trade. He stated that Italy wants to increase exports to $700 billion by the end of 2027, adding that strengthening ties with a large economy like India could also help Italy gain access to rare earths in Africa.
Highlighting bureaucratic and tariff barriers as impediments to global joint ventures, Tajani proposed posting officials in each other’s trade ministries to ease processes. Increasing presence in non-EU markets doesn’t mean abandoning traditional partners like the US, Mexico, Canada or China, he added.Tajani also welcomed more Indian investments in Italy and stressed the need to further develop IMEEC, describing it as “important for all European countries.” He announced that India will organise an event in Mumbai aimed at strengthening the corridor.
Minister Goyal, who is in Italy following engagements in France, said he had brought one of the biggest Indian business delegations to Europe and sees vast potential for collaboration. During his visit to a waste-to-energy plant in Italy on World Environment Day, he noted strong synergy in sustainability efforts.
Goyal said both sides are working to establish joint working groups in space and technology and to revitalise those in agriculture and renewable energy. A memorandum of understanding on agricultural cooperation is also in the works, alongside reinforced collaboration under the International Solar Alliance and the Global Biofuels Alliance.
With over 350 business-to-business engagements during the visit, Goyal announced plans to set up an Italian enclave in one of India’s smart cities. The enclave, envisioned as a “home away from home,” will house Italian businesses, schools, colleges and hospitals.
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