Italy-India Forum Spotlights Strategic Future-Ready Partnership

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By TRH News Desk

New Delhi, April 11, 2025: At the Italy-India Business, Science, and Technology Forum, External Affairs Minister Subrahmanyam Jaishankar emphasized the deepening strategic partnership between India and Italy. He spotlighted that the bilateral relations are rooted in shared democratic values, culture, and a vision for a stable, prosperous future.

Jaishankar highlighted the growing complexity and unpredictability of the global economic order. He noted challenges like fragile supply chains and disruptions in global shipping.

Jaishankar underscored complementarities between India and Italy. He pointed out opportunities for collaboration in innovation, sustainability, and economic growth.

Jaishankar also mentioned India’s efforts to enhance ease of doing business, improve living standards, and build modern infrastructure through initiatives like Gati Shakti, aiming to strengthen bilateral ties.

Additionally, he acknowledged mutual interests in the Mediterranean and the potential to advance the Italy-India Joint Strategic Action Plan.

Deputy Prime Minister and Minister of Foreign Affairs & International Cooperation of Italy, Antonio Tajani termed the Italy-India Business, Science and Technology Forum as crucial pillar of the strategic partnership plan signed by the two governments.

“India is an important country for stability in the Indo-Pacific region. Stability is crucial to strengthen the trade,” Tajani emphasized, underlining India’s growing geopolitical and economic importance.

Highlighting India’s economic prowess, Tajani remarked, “India is an economy with enormous potential, and we want to strengthen this cooperation. Italy and India are natural economic partners. Together we want to strengthen our cooperation for a partnership that looks at the future through higher education, innovation, and research.”

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Tajani noted that Italy-India bilateral trade has crossed the $14 billion mark. He said that Italy’s ambition is to scale the bilateral trade further. “We want to invest more in India, export more to India, and attract more Indian investments in Italy,” he said.

The Italian Deputy PM identified innovation, artificial intelligence, supercomputing, space technology, and defence as high-potential areas for future joint ventures and investments, calling on both countries to intensify collaboration in these cutting-edge sectors.

Union Minister of Commerce & Industry, Piyush Goyal, echoed the sentiment, stating that there is “further scope for expansion in bilateral trade” if both nations work seamlessly to eliminate barriers and promote mutual investments.

“India’s economy is projected to grow from $4 trillion to $30–35 trillion by 2047. Our goal of Viksit Bharat makes India a compelling case for deeper engagement with the European Union, especially Italy,” Goyal said. He also pointed to emerging sectors including fashion, luxury goods, food processing, pharmaceuticals, tourism, green tech, and advanced manufacturing as new frontiers of cooperation.

Acknowledging the global challenges, Goyal emphasized that the strength of the Italy-India relationship is a source of reassurance. He hailed the forum as a timely initiative to implement the Joint Strategic Action Plan 2025–29 launched by Prime Ministers Narendra Modi and Giorgia Meloni in November 2024, describing it as a “forward-looking, ambitious and pragmatic roadmap.”

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