Italy Seeks to Grow Trade with India by €6 Billion as Ties Strengthen

Sarah J · 2025-12-29T10:24:00.000Z

Italy has announced its intention to expand bilateral trade with India by €6 billion, aiming to raise annual trade to €20 billion by 2029 from the current level of about €14 billion, according to Italian Deputy Prime Minister and Foreign Minister Antonio Tajani during his visit to New Delhi and Mumbai. Boosting trade and investment flows will be a central focus of Italy’s economic outreach in India, with particular emphasis on sectors such as energy, data centres, hospitality, automotive components, agri-food, waste-to-energy and sports technology as both countries work to deepen collaboration. The announcement came ahead of the third Italy-India Business Forum in 2025, where policymakers and industry leaders from both countries discussed expanding cooperation not only in economic and commercial areas but also in security, defence, connectivity, people-to-people mobility and cultural exchanges. Trade negotiations will also benefit from progress toward an ambitious European Union–India Free Trade Agreement (FTA), which Italy fully supports to further encourage Italian companies — particularly SMEs — to engage more deeply with India’s market. Italian investment in India has already shown positive momentum, with Italian investments in the country increasing by around €500 million in the first half of 2025 alone. Both sides are pushing for synergies that can translate political dialogue into concrete industrial partnerships, joint ventures and technology-driven collaborations, reflecting a shared agenda under the India-Italy Joint Strategic Action Plan 2025-2029 across areas including trade, investment, innovation, defence and connectivity. This strengthened economic partnership underscores how Italy views India not just as a key trading partner but as a long-term strategic ally in fostering innovation, sustainable growth and enhanced cooperation across high-impact sectors. #StartupEuropeIndiaNetwork #India #Tech #MarketExpansion #Science #AI #Infrastructure #IndiaItaly #BilateralTrade #TradeGrowth #EconomicCooperation #EUIndiaFTA #Investment #SMEs #BusinessForum #Innovation #TradeAndInvestment

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Italy Seeks to Grow Trade with India by €6 Billion as Ties Strengthen | SEINET