CAV. DOTT. JACOB ROSE
Director - Business Development
ITALTEC CONSULTING PVT LTD.
NEW DELHI: Indo-Italian relations entered into a new phase with the signing of an agreement to promote bilateral trade and investments between the two nations. The agreement was signed on 14th December 2009 between Invest India, a joint venture firm between the government and Federation of Indian Chamber of Commerce & Industry (FICCI) and the Italian National Agency for Inward Investment Promotion and Enterprise Development.
"I expect signing of this Memorandum of Understanding (MoU) will lead to more trade and investment between India and Italy," Commerce and Industry Minister Anand Sharma said while addressing the largest ever Italian business delegation in India here. Sharma said the two countries have an immense potential to increase the bilateral trade.
On the occasion, Italian Minister of Economic Development Claudio Scajola said that the businesses should explore trade opportunities, including scientific and technological cooperation in each other's country.
"Italy is happy to transfer knowledge, technology and innovation (to India)," Scajola said adding that renewable energy, telecommunication, infrastructure, banking and insurance are some of the areas of interest in India.
FICCI also signed a pact with Chamber of Arbitration of Milan, Aimed at settling Disputes Arising out of internal and international transactions.
"I expect signing of this Memorandum of Understanding (MoU) will lead to more trade and investment between India and Italy," Commerce and Industry Minister Anand Sharma said while addressing the largest ever Italian business delegation in India here. Sharma said the two countries have an immense potential to increase the bilateral trade.
On the occasion, Italian Minister of Economic Development Claudio Scajola said that the businesses should explore trade opportunities, including scientific and technological cooperation in each other's country.
"Italy is happy to transfer knowledge, technology and innovation (to India)," Scajola said adding that renewable energy, telecommunication, infrastructure, banking and insurance are some of the areas of interest in India.
FICCI also signed a pact with Chamber of Arbitration of Milan, Aimed at settling Disputes Arising out of internal and international transactions.
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