MILAN, Mar 2 (Class Editori) — As part of his mission to New Delhi for the G20 Foreign Ministers’ Meeting, Deputy Prime Minister and Minister of Foreign Affairs Antonio Tajani chaired a business forum alongside India’s Minister of Commerce and Industry Piyush Goyal with leading Italian companies operating in the country.
The forum was attended by some of the key players in the Made-in-Italy industry, including Enel Grids Director Antonio Cammisecra, Tecnimont India President Gianni Bardazzi, Piaggio Group CEO Roberto Colaninno, Italferr CEO Andrea Nardinocchi, Leonardo International Managing Director Pasquale Di Bartolomeo, Telecom Italia Sparkle Enrico Maria Bagnasco, Stellantis’ Chief Operating Officer for India, Asia, and the Pacific Carl Smiley, and the Chairman of SIMEST and Director of European and International Affairs at Cassa Depositi e Prestiti (CDP) Pasquale Salzano. The event allowed for a review of ongoing and future strategic projects in India, particularly in the business areas of energy transition, sustainable connectivity and mobility, and defense.
Starting with the trade interchange reaching the record level of 15 billion euros in 2022 and the over 600 Italian companies that have established their presence in the country, particularly in the industrial districts of Delhi and Mumbai/Pune, Tajani emphasized the strategic sectors that will strengthen the partnership between Rome and New Delhi, starting with the energy transition.
Tajani made special reference to the agreements signed by Enel with Indian counterparts, new prospects for cooperation in the defense sector, and the connectivity sector with Tim Sparkle’s “Blue and Raman” cable that will connect Italy and India across the Mediterranean and the Middle East and will be a model for global digital connectivity. Further opportunities for Italian companies also open up in the agri-business field, Italy being the world’s leading supplier of food processing, infrastructure and automotive machinery.
In fact, the Italian and Indian economic systems have characteristics that allow for greater complementarity between the two. India aims to strengthen its development capabilities in sectors such as agribusiness, renewable energy and automotive, on which Italy has a large capital of technological and industrial know-how. Italy, in turn, looks to a growing market which will overtake China in 2023 both as the world’s most populous nation and in terms of GDP growth, and that focuses on innovation as the main pillar of its growth. In fact, it ranks third in the world in terms of existing startups and with an increasing number of unicorn companies, as 1 in every 10 are born in India.
(Source:Class Editori)
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