Indian Economy News

India, Italy to increase cooperation in aerospace, energy, mobility, auto

India and Italy have agreed to enhance cooperation in various strategic sectors, including manufacturing, automotive, aerospace, energy transition, migration, and mobility. During meetings between Union Minister of Commerce & Industry, Mr. Piyush Goyal, and Italy's Deputy Prime Minister, Mr. Antonio Tajani, both countries prioritised cooperation in Industry 4.0, aerospace, energy transition, and sustainable mobility. They also stressed the importance of joint efforts in skill development, digital transformation, and global connectivity initiatives such as the India-Middle East-Europe Economic Corridor (IMEC).
The two leaders co-chaired the 22nd session of the India-Italy Joint Commission for Economic Cooperation (JCEC), where several concrete outcomes were identified. These include strengthening cooperation in agriculture and food processing and setting up Joint Working Groups in the automobile and space sectors. Both sides identified collaboration opportunities in sustainable agri-value chains, agri-machinery, food packaging technologies, and renewable energy. They also agreed to work together on green hydrogen and biofuels and expressed intent to facilitate the movement of skilled professionals between the two countries.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.