Indo-Italian trade to focus on textile, gems & jewellery

07 Nov '06

3 min read

III. Stronger business-to-business ties. The Destination India event, the visit by CEOs to selected sectoral industrial clusters in leather goods (Florence), auto components (Turin), food processing (Parma), textiles and jewellery sectors (Vicenza) have revived business ties and provided a commercial mould to shape Indo-Italian ties.

IV. Thrust to cooperation in the food-processing sector. The Joint Commission decided to intensify cooperation in the food-processing sector.

The visits of Minister Bonino and Prime Minister Prodi to India in 2007 will accelerate the pace of economic integration and engagement. Minister Bonino will visit in January 2007. Prime Minister Prodi will visit in February 2007 and will be accompanied by a large business delegation including many prominent CEOs.

“There are clear signs of a sea change. Hitherto the Joint Commission used to meet once every 2-3 years. Times have changed: regular annual meetings since 2005 signal the commitment of both sides and the renewed interest in India. The Destination India event was also a huge success, underscoring the importance both sides attach to enriching and deepening economic ties at business to business and government to government levels”, Shri Kamal Nath said.

The next meeting of the Joint Commission shall be held in New Delhi in 2007.

Press Information Bureau

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