Piyush Goyal to lead Indian business delegation to Italy soon

ANI April 11, 2025 227 views

Commerce Minister Piyush Goyal is set to lead a significant Indian business delegation to Italy in the coming months. The mission aims to enhance economic cooperation and explore collaborative opportunities across multiple sectors. Both countries are committed to reducing trade barriers and establishing stronger strategic partnerships. The delegation represents a crucial step in deepening bilateral ties and expanding mutual economic interests.

"Two countries, which are not in competition but collaborate with each other" - Piyush Goyal
New Delhi, April 11: Commerce Minister Piyush Goyal will lead a delegation of business leaders to Italy for the next India-Italy Joint Commission for Economic Cooperation in a month or two, the Union minister told reporters at a joint press conference alongside Italian Deputy Prime Minister Antonio Tajani.

Key Points

1

India and Italy aim to strengthen manufacturing and co-design partnerships

2

Delegation to explore comprehensive economic collaboration

3

EU-India Free Trade Agreement targeted for year-end completion

4

Bilateral business forum highlights strategic engagement

"We have agreed to convene the next Joint Commission for Economic Cooperation in Italy, where I will be leading a large delegation of Indian business persons from areas where we share interests in the very near future, possibly the next month or two," the Union minister said.

Piyush Goyal said India and Italy are committed to strengthening manufacturing, co-manufacturing, and designing and co-designing in different areas and supporting each other.

"Two countries, which are not in competition but collaborate with each other and complement each other and our strengths. The foundation has been laid. The blueprint is clear. Now the time is only to invest, trade, and grow to a bright future," he added.

The Italian Deputy Prime Minister is on a two-day visit to India with a delegation of nearly 100 business persons.

Piyush Goyal further said both countries are trying to forge impactful partnerships across different sectors and convert strategic partnerships into comprehensive strategic relationships.

He also assured that they were working together to make the EU-India FTA a reality by the end of the year.

At the same press conference, the Italian deputy prime minister said, "With India, we are working well, and we want to do more, and we want also to reduce our barriers. We are doing the best India and Italy for supporting, for paving the way for a better cooperation between our companies."

"It is a very important day for the cooperation between India and Italy. Very positive political meetings...we are very happy...," the deputy prime minister said in his initial remarks.

Earlier in the day, an Italy-India Business, Science and Technology Forum was held, where Piyush Goyal, visiting Italian Deputy Prime Minister, and EAM S Jaishankar.

Reader Comments

R
Rahul K.
This is great news! India-Italy collaborations could bring amazing opportunities in design and manufacturing. Their fashion and automotive expertise combined with our manufacturing capabilities - perfect match! 🇮🇳🤝🇮🇹
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Priya M.
While I appreciate the effort, I hope these delegations focus on sustainable manufacturing practices. Italy has great eco-friendly technologies we should adopt rather than just chasing economic growth numbers.
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Amit S.
Finally some positive trade news! The EU-India FTA by year-end would be game-changing. Our pharma and IT sectors could benefit massively from easier access to European markets.
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Sunita R.
As someone in the textile industry, I'm excited about potential collaborations with Italian designers. Their craftsmanship combined with our fabrics could create magic! Hope small businesses get opportunities too.
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Vikram J.
The 100-person Italian delegation shows how serious they are. Hope our side matches this enthusiasm. More jobs and tech transfers would be welcome outcomes from this partnership.
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Neha P.
"Not in competition but collaborate" - love this approach! The world needs more win-win partnerships like this. Maybe we'll see some exciting Indo-Italian fusion products soon? 👏

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