ENA Global 2025-06-06 17:26:56 <p><span style="font-size:14px"><strong>New Delhi, Jun 6 (KNN) </strong>India and Italy have agreed to enhance their bilateral cooperation in key sectors, including Industry 4.0, smart manufacturing, technology, and the automobile industry. </span></p> <p><span style="font-size:14px">This commitment was formalised during a meeting co-chaired by Union Commerce and Industry Minister Piyush Goyal and Italy's Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Antonio Tajani.</span></p> <p><span style="font-size:14px">The discussions focused on fostering collaboration in smart manufacturing, promoting startup ecosystems, expanding technology partnerships, and establishing Joint Working Groups in sectors such as space and automobiles. </span></p> <p><span style="font-size:14px">An additional Memorandum of Understanding (MoU) on agriculture was also part of the cooperation plan.</span></p> <p><span style="font-size:14px">Minister Goyal highlighted the strategic importance of the India-Middle East-Europe Economic Corridor (IMEC) and the potential of the India-European Union Free Trade Agreement (India-EU FTA). </span></p> <p><span style="font-size:14px">He invited Italian companies to explore opportunities in India's growing economy and contribute to its manufacturing sector.</span></p> <p><span style="font-size:14px">The bilateral trade between India and Italy reached an all-time high of &euro;14.28 billion in 2022-23, with Indian exports to Italy surging by 60.5% year-on-year. </span></p> <p><span style="font-size:14px">This growing economic partnership underscores the mutual commitment to strengthening ties and exploring new avenues for collaboration.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 42356 https://knnindia.co.in/news/newsdetails/global/india-and-italy-strengthen-strategic-ties-in-industry-40-technology-and-automobiles 2025-06-06 17:26:56 knnindia.co.in