PM Modi to hold virtual summit with Italian PM Giuseppe on November 6
India views Italy as an important member of the EU and values its positive contribution in furthering India-EU ties
Prime Minister Narendra Modi will hold a virtual summit with his Italian counterpart Giuseppe Conte on November 6.
During the meet, as per the Ministry of External Affairs, several government-to-government and private sector agreements / MoUs which are under finalization, will be concluded on this occasion.
The virtual bilateral summit will give an opportunity to the two leaders to comprehensively review the broad framework of the bilateral relationship and exchange views on major regional and global issues of mutual concern.
India and Italy share a warm and multifaceted relationship based on strong historical ties, common democratic traditions, rule of law and a shared goal of international peace and stability. India views Italy as an important member of the EU and values its positive contribution in furthering India-EU ties.
India-Italy relations are marked by regular high level exchanges which saw incoming visits by Italian Prime Ministers in 2017 and 2018.
Bilateral trade stood at Euros 9.52 billion in 2019. Italy is India’s 5th largest trading partner in the EU, after Germany, Belgium, UK and France.
Several Indian companies are active in Italy, while around 600 large Italian companies are active in India, covering varied sectors such as fashion and garments, textiles and textile machinery, automotive components, infrastructure, chemicals, energy confectionery, insurance and others.