Goyal, who also holds the portfolios of consumer affairs, food and public distribution and textiles, said there are several opportunities in sectors ranging from tourism, services, merchandise, goods to digital world, education and design, according to a release from the Indian ministry of commerce and industry. 

“India offers the largest business opportunity anywhere in the world as we progress from a $3-trillion economy today to a $10-trillion economy in ten years to a $30-trillion economy in 20 odd years and to a $50-trillion economy,” said Goyal, in his opening remarks at the meeting. 

“Many Italian companies, in their long term strategy, consider India as a key country whose market will drive growth on a global scale,” Di Maio added. 

Bilateral trade between India and Italy reached a record €10 billion in 2020-21. 

Fibre2Fashion News Desk (DS)