Union Budget 2023-24
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The foundation of Italy and India’s relations stand firm based on the shared principles, values of democracy, freedom, human rights and upholding the rule of the law. In addition, the two countries work closely to increase Research & Development in the field of science and technology. 

The India Italy joint statement was signed during the visit of the Italian Prime Minister Giuseppe Conte to India on 30 October 2018. India-Italy Joint Commission on Economic Cooperation (JCEC) was tasked with constituting a CEO Forum and setting up a Fast Track Mechanism to promote two-way investments, and resolve issues, if any, confronted by the businesses in each other’s country. Invest India is the responsible agency for pursuing and monitoring of cases 

Access India Initiative program was launched in the beginning of October 2019 by the Indian Embassy in Rome. It is a strategic program to promote economic relations between India and Italy. The program aims to give a significant acceleration to business and economic-commercial development between Italy and India. Invest India is the Knowledge Partner for the program

    • 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 21st 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 5th largest trading partner in the European Union and the 17th 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

Prominent Investments

Italy in India


Ferrero is one of the leaders in the world of confectionery and is present in 55 countries . They came to India in 2004 and have two manufacturing ...Read more


CNH is a global leader in capital goods. One of its main focuses is the automobiles sector. They are present in 180 countries and employ over 63,000 ...Read more


Fiat was established in 1899. Currently, Fiat has operations in 40+ countries, 190000+ employees and more than 100 manufacturing plants. It came into ...Read more


Enel is a multinational energy company that was established in 1962. Today it is present across 32 countries. Enel has three plants in India located ...Read more


Perfetti is one of the largest manufacturers and distributors of confectionery and chewing gum. The company was established in 1964 and acquired Van ...Read more

India in Italy


In 2010, Tata motors acquired an 80% stake in the Italian design and engineering company Trilix. The acquisition was in line with the company’s ...Read more


TCS Italia Srl was founded in 2003. The company’s line of business includes providing management consulting services. ...Read more

Mahindra and Mahindra

Mahindra Europe Srl has been distributing Mahindra vehicles in Europe since 2005. It’s base is in Italy and is a direct subsidiary of Mahindra and ...Read more


It’s business interests range from textiles & apparels to FMCG. Today they export their products to over 55 countries. In 1996 they collaborated ...Read more


It is a leading global information technology, consulting and business process services company. It entered Italy in 1998 when it formed a ...Read more
  • Pharmaceuticals


    • 3rd

      Largest market in terms of volume (20% share in global supply)

    • 13th 

      Largest market in terms of value

    • #1

      Largest vaccine producer

      • Largest provider of generic medicine 
      • $42 bn current value of indian pharmaceutical industry
      • Expected to reach $65 bn by 2024, and 130 bn by 2030
      • Italian companies in India in the sector: Olon SPA, Fedegari Autoclavi, Chiesi Farmaceutici S.P.A
    Visit Sector 7Investible Projects
  • Automobile


    • 4th

      Largest car manufacturer

    • 4th

      largest vehicle market

    • $118 bn

      Current value of Indian Automobile Industry

      • Largest two-wheeler and three-wheeler manufacturer
      • 2nd largest bus manufacturer and 3rd largest heavy trucks manufacturer  
      • Employs 35 mn people both directly and indirectly
      • The India passenger car market values at $ 32.70 bn in 2021, and it is expected to reach a value of $ 54.84 bn by 2027 while registering a CAGR of over 9%.
    Visit Sector 3Investible Projects
  • Food Processing

    Food Processing

    • 2nd

      largest producer of food grains, fruits, and vegetables

    • #1 

      producer of Milk

    • $535 bn

      Expected value of Indian food and retail market by 2025-26

      • Largest producer, consumer, and exporter of spices and cashew nuts
      • Largest producer of pulses
      • 353 Cold Chain projects, 63 Agro-Processing Clusters, 292 Food Processing Units, and 6 Operation Green projects have been approved
      • Pradhan Mantri Kisan SAMPADA Yojana, a government scheme, was formulated for creating a modern infrastructure with efficient supply chain management from farm gate to retail outlet
      • 41 upcoming Mega Food Parks under Mega Food Park Scheme
    Visit Sector 76Investible Projects
  • Railways


    • 4th

      Largest railway system

    • 4th

      Largest freight carrier

    • #1

      Single largest employer in India, and 8th largest in the world

      • 8 MT of Annual Estimated Freight Demand by 2031
      • Two Dedicated Freight Corridors (DFC), one on the Western route (Jawaharlal Nehru Port to Dadri) and another on the Eastern route (Ludhiana to Dankuni), have been fast-tracked
      • The average Freight Train speed has increased to 44.36 kmph during 2021-22 compared to 42.97kmph during 2020-21
      • Italian companies in India in the sector: Firema
    Visit Sector 57Investible Projects
  • Renewable Energy

    Renewable Energy

    • #1

      Largest renewable energy capacity expansion program in the world

    • 2nd

      Highest installed wind capacity in Asia

    • 3rd

      Renewable Energy Country Attractive Index in 2021

      • 5th largest in renewable energy capacity globally
      • The world’s largest renewable energy park of 30 GW capacity solar-wind hybrid project is under installation in India
      • Italian companies in India in the sector: Enel, Building Energy
    Visit Sector 499Investible Projects

Recent Investments

Same Deutz-Fahr India

Same Deutz-Fahr India

Have announced an investment of $7.76 Mn to expand its manufacturing facility in Ranipet, Tamil Nadu

Enel Green

Enel Green Power

Has signed their first 25 year contract for energy supply. They will be investing $180 Mn for the construction of this project in Rajasthan

Future Generali India Insurance

Future Generali India Insurance

They have opened 28 new branches to increase their nation-wide footprint under the Project Roar strategy

Carraro Group

Carraro Group

Announced investing $22.05 Mn to expand manufacturing facility for portal axles for compact tractors in Rajangaon, Maharashtra 

UFI Filters

UFI Filters

Invested $11.16 Mn in manufacturing filtration solutions in Bahadurgarh, Haryana and created 300 jobs

Italy Team

The Italy team at Invest India is the one-stop-shop for exploring and materializing your India entry plans. Working closely with the Union Ministries, States and regulatory authorities, we bring to you a seamless experience in kick-starting your India business.

Key Functions

  • An entire spectrum of investment promotion - research, outreach, promotion, facilitation, and aftercare
  • Initiating, attracting, facilitating, fast-tracking and handholding Italian investments across sectors
  • Providing information on investment opportunities across sectors, in specific projects
  • Extending holistic support to the small and medium enterprises from Italy with interest in investing in India

Team Advantages

  • Expediting license approval

    Expediting license approval

  • Provide policy advocacy

    Provide policy advocacy

  • Location assessment

    Location assessment

  • Business advisory

    Business advisory

  • Issue redressal

    Issue redressal

About Us

Invest India

The one stop-shop to ensure your success in India

Our Prestigious Awards

We are the most awarded IPA in the world

  • The World's Most Innovative Investment Promotion Agency Award 2021 awarded by OCO Global

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2020 for best practices in COVID response

  • Best Investment Project Award five years in a row - 2016 to 2020 at the Annual Investment Meeting (AIM) organized by the Ministry of Economy, UAE.

  • Great Place to Work Certification by GPTW Survey 2019

  • The UNCTAD Award 2018 for promoting investment in sustainable development

  • Great Place to Work Certification by GPTW Survey 2018

  • Investment Award 2016 from the Indian Ocean Rim Association (IORA)

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2016 for excellence in partnering for investment promotion