Italy's Bold New Investment Strategy in India: A Future in Innovation and Trade
Italy's Deputy PM Tajani emphasizes deeper investment and export ties with India, harnessing the untapped potential across diverse sectors.
Strengthening Economic Bonds
Italy’s Deputy Prime Minister and Minister of Foreign Affairs, Antonio Tajani, has announced a strategic vision for the future, emphasizing Italy’s intention to increase investment in India. In his recent address at the “Italy-India Business, Science and Technology Forum” in New Delhi, Tajani highlighted the potential of India’s burgeoning economy and its critical role in the Indo-Pacific region. According to Sarkaritel.com, he said, “Italy and India are natural economic partners, and we are closely aligned in our pursuit of innovation and economic growth.”
Unveiling New Opportunities
Tajani’s remarks underscored the untapped potential in sectors such as AI, supercomputing, and space technology. He stressed the need for Italy and India to collaborate in attracting investments, setting the stage for a future-oriented partnership. “Our bilateral trade stands at over $14 billion, and the scope for growth is significant,” he stated, pointing to the promising avenues in innovation, higher education, and research.
Strategic Action Plan: A Path to Prosperity
The forum served as a launchpad for the Joint Strategic Action Plan 2025-29, a collaborative effort led by Prime Minister Narendra Modi and Italian Prime Minister Giorgia Meloni. Union Commerce Minister Piyush Goyal echoed the sentiment, emphasizing the need to harness both countries’ strengths across diverse industries, including fashion, pharmaceuticals, and green technology.
India’s Growth Trajectory
With India’s economy projected to expand from \(4 trillion to \)30-35 trillion by 2047, the groundwork is being laid for deeper ties with Italy and the broader European Union. “Our goal of Viksit Bharat makes India a compelling partner for Italy,” Goyal highlighted, noting the positive impact of solidifying these economic bonds amid global uncertainties.
A Vision for the Future
External Affairs Minister S. Jaishankar added that the collaboration presents an opportunity to showcase India’s manufacturing capabilities through initiatives like “Make In India.” The sentiment at the forum was clear: the Italy-India partnership is not just about economic gain but also about solidifying a relationship based on mutual growth and innovation in the years to come.
The forum marked a commitment to moving forward together, addressing global challenges with a unified strategy, and exploring new horizons in the global economic landscape.