India, Italy agree to reinforce agriculture and vitality cooperation, investments

Union Minister of Commerce and Business Piyush Goyal speaks on the Italy-India Enterprise Discussion board, in Bresica on Thursday (June 5, 2025). Italy’s Minister of Overseas Affairs and Worldwide Cooperation, Antonio Tajani additionally current. Piyush Goyal-X by ANI
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Following Commerce and Business Minister Piyush Goyal’s two-day go to to Italy, the 2 nations have resolved to work collectively on enhancing cooperation in plenty of sectors, together with numerous agricultural and vitality sectors, the federal government stated on Friday (June 6, 2025).

Mr. Goyal accomplished a two-day go to to Italy on June 5, following a three-day go to to France. Throughout his time in Italy, he co-chaired the twenty second session of the India-Italy Joint Fee for Financial Cooperation (JCEC) together with Italy’s Deputy Prime Minister and Minister of Overseas Affairs and Worldwide Cooperation, Antonio Tajani. 

“A number of concrete outcomes emerged from the JCEC,” the Ministry of Commerce and Business stated in a launch. “India and Italy resolved to strengthen cooperation in agriculture and meals processing, and to arrange Joint Working Teams within the vehicle and area sectors.” 

The 2 leaders and their groups additionally recognized a number of alternatives for collaboration in sustainable agri-value chains, agri-machinery, meals packaging applied sciences, and renewable vitality. 

“Additionally they agreed to work collectively in areas akin to inexperienced hydrogen and biofuels and expressed intent to facilitate motion of expert professionals between the 2 nations,” the discharge added.

In line with the federal government, a delegation of leaders from about 90 corporations accompanied Mr. Goyal on his journey, throughout which they visited Italian industries and held a number of conferences with native corporations. 

“Shri Goyal additionally held one-on-one interactions with Italian company leaders and welcomed their plans to develop operations, manufacturing, or workplace presence in India,” the discharge stated.

Information from the Division for the Promotion of Business and Inner Commerce (DPIIT) exhibits that Italy accounts for 0.49% of all of the overseas direct funding into India since 2000, at $3.6 billion.