Latest news with #JCEC
Time of India
2 days ago
- Business
- Time of India
India & Italy agree to deepen ties in aerospace, agri, energy transition
Brescia: India and Italy have agreed to strengthen cooperation in emerging and strategic sectors including aerospace and energy transition , agriculture, and global connectivity initiatives such as the India-Middle East-Europe Economic Corridor (IMEC), the government said on Friday. "India and Italy resolved to strengthen cooperation in agriculture and food processing, and to set up joint working groups in the automobile and space sectors," the commerce and industry ministry said in a statement. The countries identified collaboration opportunities in sustainable agri value chains, agri machinery, food packaging technologies, and renewable energy, and agreed to work together in areas such as green hydrogen and biofuels. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Undo Commerce and industry minister Piyush Goyal and Italy's deputy prime minister Antonio Tajani in a meeting in Brescia also "expressed intent to facilitate movement of skilled professionals between the two countries." The two leaders co-chaired the 22nd session of the India-Italy Joint Commission for Economic Cooperation (JCEC), the ministry said. Live Events (The correspondent is in Brescia at the invitation of commerce & industry ministry)
India Gazette
2 days ago
- Business
- India Gazette
India and Italy to strengthen cooperation in agriculture, food processing: Commerce Ministry
New Delhi [India], June 6 (ANI): India and Italy will strengthen cooperation in agriculture and food processing, and set up Joint Working Groups in the automobile and space sectors, the Minister of Commerce & Industry said in a release. The decision was reached during a high-level meeting held between Union Minister of Commerce & Industry, Piyush Goyal, and Italy's Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Antonio Tajani, in Brescia--Italy's manufacturing hub. The two leaders co-chaired the 22nd session of the India-Italy Joint Commission for Economic Cooperation (JCEC), during his 2-day visit to Italy, which concluded on June 5, 2025. The JCEC saw robust participation from senior officials, policymakers, and stakeholders from both sides in a spirit of constructive engagement and mutual ambition. The dialogue reaffirmed the strategic economic partnership between the two nations and aligns with the Joint Strategic Action Plan 2025-29 to promote economic resilience, industrial partnerships, and inclusive, sustainable growth. India and Italy agreed to prioritise cooperation in several emerging and strategic sectors. These include Industry 4.0, aerospace, energy transition, and sustainable mobility. The two sides also stressed the importance of joint efforts in skill development, digital transformation, migration and mobility, as well as global connectivity initiatives such as the India-Middle East-Europe Economic Corridor (IMEC). Several concrete outcomes emerged from the JCEC. Both sides identified collaboration opportunities in sustainable agri-value chains, agri-machinery, food packaging technologies, and renewable energy. They also agreed to work together in areas such as green hydrogen and biofuels and expressed intent to facilitate the movement of skilled professionals between the two countries. On the sidelines of the JCEC, a high-level Growth Forum was organised, bringing together CEOs and industry leaders from both countries. The platform proved valuable in identifying emerging business opportunities and industrial collaborations of mutual interest. A strong Indian business delegation comprising top leadership from nearly 90 companies accompanied the Minister during the visit. The delegation visited Italian industries and held several meetings with local companies. Shri Goyal also held one-on-one interactions with Italian corporate leaders and welcomed their plans to expand operations, manufacturing, or establish presence in India. On the occasion of World Environment Day, Goyal and Deputy Prime Minister Tajani visited A2A, a leading Italian waste-to-energy company in Brescia. The visit highlighted opportunities for collaboration in the clean energy sector. In a symbolic gesture under Prime Minister Narendra Modi's 'Ek Ped Maa ke Naam' initiative, both leaders planted saplings in memory of their mothers at the Santa Giulia UNESCO heritage complex in Goyal's visit was instrumental in highlighting the growth and opportunities in the Indian economy, and further enrich growing bilateral commercial and economic linkages, the release added. (ANI)
The Hindu
2 days ago
- Business
- The Hindu
India, Italy agree to enhance agriculture and energy cooperation, investments
Following Commerce and Industry Minister Piyush Goyal's two-day visit to Italy, the two countries have resolved to work together on enhancing cooperation in a number of sectors, including various agricultural and energy sectors, the government said on Friday (June 6, 2025). Mr. Goyal completed a two-day visit to Italy on June 5, following a three-day visit to France. During his time in Italy, he co-chaired the 22nd session of the India-Italy Joint Commission for Economic Cooperation (JCEC) along with Italy's Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Antonio Tajani. 'Several concrete outcomes emerged from the JCEC,' the Ministry of Commerce and Industry said in a release. 'India and Italy resolved to strengthen cooperation in agriculture and food processing, and to set up Joint Working Groups in the automobile and space sectors.' The two leaders and their teams also identified several opportunities for collaboration in sustainable agri-value chains, agri-machinery, food packaging technologies, and renewable energy. 'They also agreed to work together in areas such as green hydrogen and biofuels and expressed intent to facilitate movement of skilled professionals between the two countries,' the release added. According to the government, a delegation of leaders from about 90 companies accompanied Mr. Goyal on his trip, during which they visited Italian industries and held several meetings with local companies. 'Shri Goyal also held one-on-one interactions with Italian corporate leaders and welcomed their plans to expand operations, manufacturing, or office presence in India,' the release said. Data from the Department for the Promotion of Industry and Internal Trade (DPIIT) shows that Italy accounts for 0.49% of all the foreign direct investment into India since 2000, at $3.6 billion.
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Business Standard
3 days ago
- Business
- Business Standard
India, Italy to increase cooperation in aerospace, energy, mobility, auto
India and Italy have agreed to increase cooperation in areas such as manufacturing, auto, aerospace, energy transition, migration and mobility, an official statement said on Friday. These issues were discussed during the meetings between Commerce and Industry Minister Piyush Goyal and Italy's Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Antonio Tajani. Brescia is Italy's manufacturing hub. "India and Italy agreed to prioritise cooperation in several emerging and strategic sectors. These include Industry 4.0, aerospace, energy transition, and sustainable mobility," the commerce ministry said. The two sides also stressed the importance of joint efforts in skill development, digital transformation, migration and mobility, as well as global connectivity initiatives such as the India-Middle East-Europe Economic Corridor (IMEC). The two leaders co-chaired the 22nd session of the India-Italy Joint Commission for Economic Cooperation (JCEC). The ministry said that several concrete outcomes emerged from the JCEC, and that includes the two countries agreeing to strengthen cooperation in agriculture and food processing, and to set up Joint Working Groups in the automobile and space sectors. "Both sides identified collaboration opportunities in sustainable agri-value chains, agri-machinery, food packaging technologies, and renewable energy," it said. They also agreed to work together in areas such as green hydrogen and biofuels and expressed intent to facilitate the movement of skilled professionals between the two countries. A strong Indian business delegation comprising top leadership from nearly 90 companies accompanied the Minister during the visit. The delegation visited Italian industries and held several meetings with local companies. Goyal also held one-on-one interactions with Italian corporate leaders and welcomed their plans to expand operations, manufacturing, or establish a presence in India.
India Gazette
3 days ago
- Business
- India Gazette
India and Italy agree to strengthen ties in Industry 4.0, Technology, Automobiles and more
Brescia [Italy], June 6 (ANI): Union Commerce and Industry Minister Piyush Goyal on Thursday said that India and Italy have agreed to boost cooperation in key areas such as Industry 4.0, smart manufacturing, technology, and the automobile sector. The announcement came after Goyal co-chaired the Joint Commission on Economic Cooperation (JCEC) with Antonio Tajani, Italy's Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation. In a social media post, Goyal shared details of the discussions held at the JCEC meeting. He said both countries have agreed to collaborate on Industry 4.0 for smart manufacturing, create stronger bridges between startups, expand technology partnerships, and establish Joint Working Groups in sectors such as space and automobiles. An MoU on agriculture was also part of the cooperation plan. Goyal said, 'Co-chaired the Joint Commission on Economic Cooperation along with @Antonio_Tajani, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Italy. Discussed and agreed to work together for: Industry 4.0 for smart manufacturing, Promoting a bridge between startups, Expanding collaborations in technology, Establishing Joint Working Groups in the Space, Automobile sectors, among others. The two leaders also participated in the Italy-India Business Forum, where Goyal highlighted the importance of the Italy-India Joint Strategic Action Plan 2025-2029. He emphasised that both nations are working towards a shared vision under the leadership of Prime Minister Narendra Modi and Italian Prime Minister Giorgia Meloni. Goyal also spoke about the strategic importance of the India-Middle East-Europe Economic Corridor (IMEC) and the potential of the India-European Union Free Trade Agreement (India-EU FTA). He invited Italian companies to become a part of India's economic growth story and explore the rising opportunities in the country. In addition to official meetings, Goyal held discussions with top business leaders from Italy. He met Mario Gnutti, Vice President of Gnutti Carlo Group, a well-known name in the global automobile industry. They discussed how the company can increase its presence in India and contribute to local manufacturing for both domestic and global markets. Goyal also had a productive meeting with Sonia Bonfiglioli, Chairwoman and CEO of Bonfiglioli, an engineering company with deep roots in India. They talked about expanding efforts in manufacturing, R&D, and innovation under the Make in India initiative. The minister further met Mirco Maschio, Chairman of Maschio Gaspardo, a global player in sustainable agriculture. The discussions focused on the opportunities available in India as the country looks to modernize its agriculture sector. Commerce Minister is on a two-day visit to Italy. Overall, the visit and meetings marked a positive step towards deeper India-Italy economic ties and growing business collaborations across sectors. (ANI)
