Rome/Brescia, June 4, 2025:
Union Minister of Commerce and Industry, Shri Piyush Goyal, began his official two-day visit to Italy today, aimed at strengthening economic cooperation and building strategic business partnerships between India and Italy. The visit, scheduled for June 4–5, follows his prior engagements in France and signals India’s growing focus on deepening ties with key European nations.
Key Engagements of the Visit:
1. Co-Chairing the 22nd India–Italy JCEC Meeting:
Shri Goyal will co-chair the 22nd Session of the India–Italy Joint Commission for Economic Cooperation (JCEC) alongside H.E. Antonio Tajani, Italy’s Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation.
This high-level meeting is a critical platform for reviewing current progress and mapping new opportunities in trade, investment, and technology cooperation between the two countries. The session gains significance in light of the India–Italy Joint Strategic Action Plan (JSAP) 2025–2029, launched after Prime Minister Narendra Modi met Italian PM Giorgia Meloni during the G20 Summit in Rio de Janeiro in November 2024.
2. Focus Areas for Collaboration:
The JCEC will explore mutual collaboration in several high-impact sectors, including:
-
Industry 4.0
-
Agritech and food processing
-
Digital transformation
-
Energy transition and green technologies
-
Sustainable mobility
-
India–Middle East–Europe Economic Corridor (IMEC)
These areas are central to both countries’ vision of economic modernization and industrial innovation.
3. India–Italy Growth Forum in Brescia:
Shri Piyush Goyal will also lead a high-level Indian business delegation to the India–Italy Growth Forum in Brescia, one of Italy’s top industrial hubs.
The Forum will gather top businesses, investors, and innovators from both countries to:
-
Promote investment flows
-
Build business-to-business (B2B) linkages
-
Explore technological synergies
-
Encourage cooperation in sectors aligned with innovation and sustainability
This forum aims to open new doors for Indian industries, especially MSMEs, to explore European markets and joint ventures.
4. Strengthening Bilateral Economic Relations:
India and Italy have experienced growing political and economic alignment in recent years. Italy is not only one of India’s key trade partners in Europe but also a crucial partner in sustainable growth.
The visit aims to turn shared political commitments into practical partnerships—strengthening trade, boosting investment, and enhancing global resilience through joint projects and industrial development.
Conclusion:
Shri Piyush Goyal’s Italy visit represents a significant step toward future-ready partnerships that benefit both countries. It highlights India’s proactive diplomatic and economic outreach in Europe, aligned with its vision of becoming a global economic powerhouse while supporting green and digital transitions.
