3 days ago
Italian cos seek biz opportunities in Bengal
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Kolkata: Several Italian companies are looking for opportunities to invest for business expansion as well as to partner with local firms in Bengal. The sectors that these companies are considering include machinery, automotive parts, steel, leather, textile, and agrotech, said Alessandro Giuliani, president of the Indo-Italian Chamber of Commerce and Industry (IICCI) in Kolkata on Friday.
"Given the present geopolitical situation, many Italian companies are planning to bring their production to India and Bengal is one of their top preferences. Much infrastructure development is going on in the state, and we are eyeing business opportunities through collaborations," said Giuliani. There are around 300 Italian companies doing business in India, and some of them are present in Bengal, he added. He was speaking at a business meet organised by IICCI with the support of the Engineering Export Promotion Council (EEPC India).
Giuliani urged Bengal-based companies to strengthen bilateral trade and cross-border investment opportunities. Local industry representatives proposed that MSMEs be involved in manufacturing products for Italian companies. Representatives from some Italian companies' India branches were also present at the meet. Bikramjit Ghosh, Deal Engineering India MD said, "Upcoming projects in urban renewal, logistics, and smart infrastructure can be good business opportunities for Italian companies in the state.
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