Have you seen PM Modi's recent visit to Italy?
Yes, the melody video which went viral across the internet.
But do you know what all the trade deals happened between India and Italy ?
India and Italy have never had great relations or agreements before. We have always had good partnerships with the UK and Germany.
The visit, which was declared as a special strategic partnership, shares a new journey.
From trade, culture, tourism, small industries, cooperation dependent on sea trade. These are some key areas in which partnership to further move ahead.
Trade Deals
* Defense strategic partnerships, where India and Italy both countries would manufacture military goods and equipment together. India wants to export Atmanirbhar bharat and make in India equipment which we produced in our homeland.
* Defense industrial road map with technology, helicopters, warfare, innovations would be further enhanced.
* Joint geopolitical issues between India and Italy, like terrorism, threats, sea trade, Mediterranean Sea issues, will be a strong partnership.
* Companies like Leonardo S.P.A in the field of aerospace and Fincantieri, the world's largest ship-building company, would work closely with India. Already the Adani group has made huge contracts together.
* India and Italy are situated in 2 strategic locations, having strong naval bases and warfare equipment. The Mediterranean Sea and Indian Ocean can both help each other in critical situations and trade.
* India wants to establish IMEC, which is India, the UAE, Saudi Arabia, Jordan, Israel, Europe, which is India's Middle East European corridor. In terms of railways, ports, ships, cables, pipelines.
* In the field of Technology like Ai, Semiconductors, quantum computers, space technology, telecom and innovation centers.
India and Italy have traded around 14 billion euros as of now, but both countries by 2030 expect 20 billion euros between both nations.
