India-Italy Relations

Prime Minister Modi visited Italy for the 16th G20 Summit in October 2021. He met with Italian Prime Minister H.E. Mario Draghi on the sidelines of the Summit. Read More

Italian Prime Minister H.E. Paolo Gentiloni’s visit in 2017 saw the signing of six MoU’s. Some of the MoU’s signed were :

• Joint Declaration of Intent of Cooperation for Safety in the Railway sector
• MoU on cooperation in the field of Energy
• Executive Protocol on Cultural Cooperation between India and Italy
   

The 21^st Session of the India-Italy Joint Commission for Economic Cooperation (JCEC) was held on 9 July 2021 to discuss bilateral trade and investment and economic cooperation in areas of mutual interest. This was followed by a G2B meeting focusing on the energy partnership between the two countries, focusing on the areas of green economy, clean technology, and promotion of use of renewable energy for grid-based multi-energy systems.

Double Taxation Avoidance Agreement was signed in 1985 between both the countries. The Bilateral Investment Promotion Agreement was signed in November 1995

Minister of External Affairs Smt. Sushma Swaraj visited Rome in 2018. The purpose of the visit was to strengthen the bilateral relations between the two countries

In March 2021, Italy joined the International Solar Alliance (ISA) upgrading its partnership with India.

The Italian Prime Minister H.E. Giuseppe Conte visited India in 2018 with the purpose of holding bilateral talks and attending the 2018 Tech Summit held jointly by the two countries

The two countries celebrated 70 years of established diplomatic relations in 2018

India and Italy have a regular exchange of visits at the highest level

An MoU Was signed between Invest India and Italian Trade Agency [ ITA] on the occasion of the state visit of Italy’s Prime Minister to India in October 2017. The partnership was renewed in November 2020 to promote mutual investments between the countries.

The key products exported were iron & steel, nuclear reactors & boilers, aluminium & articles thereof, organic chemicals and mineral fuels. The key products imported were nuclear reactors & boilers, organic chemicals, electrical machinery, plastic & articles thereof, and chemical products.

Italy is India’s 5^th largest trading partner in the European Union and the 17^th largest FDI contributor to India

FDI inflows from Italy between April 2000 - December 2022 were reported at $3,252.9 mn 

A “Permanent Digital Bilateral Platform of Economic Partnership” has been launched between India and Italy. The event is being coordinated jointly by Invest India, The Embassy of Italy, New Delhi and the Italian Trade Agency. The Digital Bilateral Platform was launched with the objective to further develop bilateral trade and promote ease of doing business and mutual investments. 
The first sectoral digital mission was conducted for the food processing sector on 15 -16 July 2020 to showcase Italian technology for food packaging and processing for Indian food processors 

The sectors that invited the maximum investments were Automobiles, Trading, Industrial Machinery and Food Processing

Minerva in Mumbai was established by the Indo-Italian Chamber of Commerce to provide international standard educational and vocational training courses for Indian students to enable them to secure placements in higher educational institutes in both Italy and India

A bilateral agreement for cultural cooperation between the two countries was first signed in 1976. This was then renewed in 2004

The Indian Community in Italy is the second-largest community of Indians in Europe

Languages spoken in Italy and India can commonly trace their origins to Sanskrit and Latin

Several universities in Italy offer programmes on Indian studies which includes languages and history. Italian students who want to study in India are supported through scholarships that come under the Cultural Exchange Programme