India and Italy for closer industrial ties

Ministers welcome growing bilateral trade and investment linkages

The ministers reiterated their commitment to closely work in countering common challenges related to terrorism, violent extremism and cyber crime.

India and Italy’s foreign ministers met yesterday and deliberated upon closer industrial collaboration, including in the field of defence, and made commitment to closely work in countering common challenges related to terrorism, violent extremism, and cyber crime.

On his first official visit to India, Italian Foreign Minister, Luigi Di Maio, held bilateral talks with his Indian counterpart S. Jaishankar where they reviewed the full spectrum of bilateral relations.

This included the progress in implementation of the 2020-2024 action plan adopted at the virtual summit in November 2020.

New collaboration areas

Both the ministers welcomed the growing bilateral trade and investment linkages and agreed to expand them in new areas of common interest.

They also discussed the implementation of the India-Italy strategic partnership on energy transition announced in 2021 during Prime Minister Narendra Modi’s visit to Italy and agreed to explore partnerships in areas such as gas transportation, green hydrogen, bio-fuel and energy storage.

In addition, they agreed to jointly organise an India-Italy tech summit on energy transition and circular economy in New Delhi on November 17 this year.

The two leaders noted the potential for a closer industrial collaboration, including in the field of defence.

They reiterated their commitment to closely work in countering common challenges related to terrorism, violent extremism and cyber crime.

They also exchanged views on regional and global issues of mutual interests including Ukraine, Afghanistan and Indo-Pacific and cooperation in multilateral fora, including G20.