Italy should invest in infrastructure - Kamal Nath
06 Jan '07
1 min read
Commerce and Industry Minister Kamal Nath highlighted infrastructure as an immense trade prospective for Italy, at a meeting in New Delhi yesterday.
Emma Bonino, Italian Minister for International Trade and European Affairs, informed the media that co-operation in infrastructure will be the focus of Italian Prime Minister's visit in February 2007.
PM will be accompanied by a 400 member business delegation.
Investment from Italy will help textile, jewellery and leather industries establish design institutes in the country, according to Kamal Nath.
Both ministers discussed the status of WTO's Doha Round of negotiations.
Bilateral trade between both nations stood at US $4.3 billion in fiscal 2005-06. Share of bilateral trade is lower than one percent of global trade on both sides, so there is scope of growth for the former.
Italy is India's fourth biggest trade ally after UK, Germany and Belgium. Apparel, textiles, gems and jewellery, leather, etc. are sectors being targeted by the countries for better co-operation during PM's visit.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
