Italy keen on industry-, entrepreneurs-level cooperation with India

08 May '22

1 min read

India-Italy Business Roundtable with Minister Luigi Di Maio and Piyush Goyal. Pic. Piyush Goyal/Twitter

Commerce and industry minister Piyush Goyal recently said India looks forward to significant transformational and exponential growth in trade with Italy. He co-chaired the India-Italy Business Roundtable in New Delhi with Italian minister of foreign affairs and international cooperation Luigi Di Maio, who said Italy is eager to reinforce cooperation at the industry level and between entrepreneurs.

Goyal, who also holds the portfolios of consumer affairs, food and public distribution and textiles, said there are several opportunities in sectors ranging from tourism, services, merchandise, goods to digital world, education and design, according to a release from the Indian ministry of commerce and industry.

“India offers the largest business opportunity anywhere in the world as we progress from a $3-trillion economy today to a $10-trillion economy in ten years to a $30-trillion economy in 20 odd years and to a $50-trillion economy,” said Goyal, in his opening remarks at the meeting.

“Many Italian companies, in their long term strategy, consider India as a key country whose market will drive growth on a global scale,” Di Maio added.

Bilateral trade between India and Italy reached a record €10 billion in 2020-21.

Fibre2Fashion News Desk (DS)

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