Italy, India Upgrade Ties, Aim €20bn Trade by 2029
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- Italy will upgrade ties with India to a “special strategic partnership” during Modi’s visit to Rome, according to an Italian government official.
- Modi said the trip will focus on boosting cooperation through the India‑Middle East‑Europe Economic Corridor (IMEC), as he posted on X after landing.
- India will target €20 billion in bilateral trade with Italy by 2029, up from more than €14 billion recorded in 2023.
- Meloni will join Modi for a working lunch with senior executives from leading Italian and Indian industrial groups to discuss deeper economic, trade and investment cooperation.
- FAO headquarters will be visited by Modi as part of his itinerary, after meetings with President Sergio Mattarella.
- Mattarella will meet Modi during the Rome visit, according to the official schedule.
- Ukraine will be among the major international issues discussed by Modi and Meloni, alongside the Middle East and Indo‑Pacific security concerns.
Why it matters: The deal gives Italy and India a formal framework to expand trade and investment, promising Italian firms a larger Indian market and Indian exporters a pathway to European buyers, while the €20 billion trade target and IMEC corridor could reshape supply chains across the Mediterranean and Gulf.
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