Italy-India Business, Science and Technology Forum is an opportunity to collectively resolve to implement the Joint Strategic Action plan 2025-29: Union Minister of Commerce & Industry, Shri Piyush Goyal

Deputy Prime Minister and Minister of Foreign Affairs & International Cooperation of Italy, H.E. Antonio Tajani today while addressing the ‘Italy-India Business, Science and Technology Forum’ said that this forum is part of the strategic partnership plan signed by both the governments. “India is an important country for stability in the Indo-Pacific region. Stability is crucial to strengthen the trade,” he emphasized.

Addressing the forum, the Deputy Prime Minister stated that India is an economy with enormous potential, and we want to strengthen this cooperation. “Italy and India are natural economic partners. Together we want to strengthen our cooperation for a partnership that looks at the future through higher education, innovation and research. Today, Italy and India are closer than ever. Our bilateral trade is over $ 14 billion, and we want to invest more in India, export more to India, and attract more Indian investments in Italy,” he added.

Innovation, AI, super computers, space technology, defence are a few sectors which have potential for joint partnerships and both countries should work to attract investments in these areas, he highlighted.

Union Minister of Commerce & Industry, Shri Piyush Goyal said there is further scope for expansion in the bilateral trade between India and Italy if we work seamless with each other, encourage investments, promote businesses without roadblocks.

Shri Goyal further stated that Indian economy is slated to grow from $4 trillion to $30-35 trillion by 2047, our goal of Viksit Bharat makes India a compelled case to deepen the engagement between the European Union and India, particularly Italy and India. There are untapped newer areas like fashion, luxury goods, food processing, pharmaceuticals, tourism, green technology, advanced manufacturing, automobiles,” he emphasized.

Shri Goyal added that amidst all the global challenges that the world is experiencing, it is very reassuring to see the strength and depth of the Italy-India friendship. “This forum is a very timely platform and a good opportunity for all of us to collectively resolve to implement the Joint Strategic Action plan 2025-29 launched by Prime Minister Narendra Modi and Prime Minister Giorgia Meloni in November of 2024. It is a very forward-looking, ambitious and pragmatic roadmap with a strong focus on trade, investment, innovation,” he added.

Union Minister of External Affairs, Dr S Jaishankar said that the direction of India’s progress and capabilities of Italian industry make for a good combination. “Make In India, today offers a platform or pathway for that collaboration to unfold,” he added.

Strategic partnership advances a joint action plan to deepen trade, investment and technology collaboration including AI and space. Strategic partnership between India and Italy focuses on implementing the Joint Strategic Action Plan 2025-29 to deepen trade, investment and technology cooperation, emphasising innovation, higher education, research and facilitation of business collaboration. The plan prioritises targeted sectoral cooperation in artificial intelligence, supercomputing, space technology and defence, while also promoting investment and trade expansion across complementary industries and leveraging national manufacturing and collaboration platforms.