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Italy Bats For JVs With India To Counter China Presence In Africa, South America

  • Italian Deputy Prime Minister and Foreign Minister Antonio Tajani highlighted the need for India and Italy to collaborate and establish global joint ventures to expand their presence in regions like Africa and South America, countering China's influence through infrastructural investments.
  • Tajani emphasized India's potential in the Indo-Pacific area, proposing joint ventures between India and Italy in various sectors. He urged for reduced red tape and tariff barriers to enhance the partnership.
  • Commerce Minister Piyush Goyal suggested creating an 'Italian enclave' in India to facilitate Italian businesses and enhance collaboration. He stressed the importance of increasing bilateral trade and cooperation in sectors like solar power and clean energy.
  • Goyal announced plans for revitalizing Joint Working Groups in agriculture, food processing, and renewable energy, along with inviting cooperation in areas like space and automobiles. Both countries aim to strengthen their commercial ties and explore new opportunities for growth.

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