On Friday, Union Commerce Minister Piyush Goyal co-chaired the India-Italy Business Roundtable with Italian Foreign Minister Luigi DI Maio. The ministers highlighted both nations undergoing dynamic economic cooperation. The leader acknowledges the bilateral trade between the nations reaching Euro 10 billion in the year 2020-2021.
According to Mr Goyal, this meeting was the first in a series that has been planned between the two nations and looking forward to transformational and exponential growth in their trade relations with Italy.
He said, “India offers the largest business opportunity anywhere in the world as we progress from a USD 3 trillion economy today to a USD 10 trillion economy in ten years to a USD 30 Trillion economy in 20 odd years and to a USD 50 Trillion economy, which I believe we all are committed to, particularly when we see that we still are at the very, very initial stage of development in the country”.
Meanwhile, the Italian Foreign Minister called the Roundtable a “record step” towards shaping the “strategic partnership”. Many Italian companies view India as a “key country” and that India’s market will lead to international growth. Ahead of the round table, both ministers had a one-to-one meeting.