(Adnkronos) – Italy and India want to boost growth by ramping up their business dealings in each other’s countries, increasing investment and creating an “innovation hub” in the Asian economic powerhouse, foreign minister Antonio Tajani stated on Thursday.
“In India, 700 Italian companies are already operating,” Tajani wrote on X from Mumbai, where he attended an Italy-India business forum on the second of a three-day trip to India aimed at deepening political and economic ties with the strategic partner.
“We want to welcome more investments, create synergies between companies, and facilitate exchanges also through the creation of an innovation hub in India,” the post continued.
“The common goal is to reach 20 billion in trade exchanges by 2029,” Tajani wrote, echoing avowals by Italy’s premier Giorgia Meloni and her Indian counterpart Narendra Modi.
At Thursday’s business forum, Italy’s state investment agency Simest and the Indian Chamber of Commerce signed an accord to create ongoing cooperation between Italian and Indian companies in new industrial projects and start-ups and to support bilateral investments in both countries.
