<h1>India-Italy Boost Trade Ties: Target 15 Billion Euros, FDI in Retail May Rise, SME Sector Focused.</h1> India and Italy are enhancing trade cooperation, aiming for a target of 15 billion euros. The Indian government is considering increasing the Foreign Direct Investment (FDI) limit in single-brand retail, currently at 51%. The Indian Minister of Commerce emphasized the importance of the micro, small, and medium enterprises (SME) sector and its recent liberalization to attract foreign investment. Collaborative efforts in design and innovation are being promoted, with a leather fair planned in Milan and an MoU signed to boost cooperation in various sectors including automotive, textiles, and pharmaceuticals. The initiative seeks to strengthen business interactions between SMEs in both countries.