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India-Italy must jointly support MSMEs for progress in both nations: Italian Foreign Minister

Updated: Apr 14, 2023 04:56:53pm
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India-Italy must jointly support MSMEs for progress in both nations: Italian Foreign Minister

New Delhi, Apr 14 (KNN) Antonio Tajani, Minister of Foreign Affairs, Government of Italy on Thursday emphasised on the need for Italy and India to work together to create a better line of next generation in both the countries by backing MSMEs and industry.

He was addressing the CEOs Business Interactive session in Rome organised for the official visit of Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles Piyush Goyal.

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Union Minister Goyal elaborated on how a plethora of opportunities in India make it one of the world's most trusted business and investment destinations.

He said that India is an open country with global linkages with the trade negotiations underway with EU and EFTA.

The Minister said that high targets must be set in the India-Italy partnership as there is a lot of new potential especially in light of the recently elevated Strategic Partnership.

He said that India has witnessed 55 per cent growth in the overall exports in the last 2 years.

There are about 700 Italian companies operating in India and this is the most opportune time to be in India, he said.

The Minister also mentioned that India will provide a very robust and forward-looking policy framework with retrospective changes.

The CEOs Business Interactive session was organised in by the Embassy of India in Rome, in association with the Confederation of Indian Industry (CII) and Confindustria.

It saw participation from more than 70 CEOs from Indian and Italian companies.  (KNN Bureau)

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