The Prime Minister Narendra Modi will meet with the Italian Prime Minister Giuseppe Conte today. This bilateral summit between the two countries will take place through virtual ie video conferencing.
Indian Ministry of External Affairs According to this, the two leaders will undertake a comprehensive review of bilateral relations and share their views on many regional and global issues of mutual interest.
According to the ministry, there will be agreements related to many government and private sectors in the conference.
The Ministry of External Affairs said, “India sees Italy as an important member of the European Union and appreciates its positive contribution in furthering Indo-EU relations. India and Italy enjoy strong historical ties, similar democratic traditions.” , Based on the shared goal of rule of law and international peace and stability.
India-Italy relations are marked by regular high level exchanges which saw incoming visits by Italian Prime Ministers in 2017 and 2018. Bilateral trade stood at Euros 9.52 billion in 2019. Italy is India’s 5th largest trading partner in the EU, after Germany, Belgium, UK and France.
About 600 large Italian companies are active in India as of now, covering varied sectors such as fashion and garments, textiles and textile machinery, automotive components, infrastructure, chemicals, energy confectionery, insurance etc. Several Indian companies are also active in Italy.
Several Government-to-Government and Private Sector agreements / MoUs are under finalization and will be concluded on this occasion.
Italy is the fifth largest trading partner of India in the European Union, after Germany, Belgium, Britain and France. Bilateral trade between the two was 9.52 billion euros in 2019.
At the same time, many Indian companies are active in Italy as well.