Diplomacyindia.com


Italian PM arrives in India to boost bilateral ties

Italian PM arrives in India to boost bilateral ties
October 29
22:48 2017

New Delhi, Oct 29 (IANS) Italian Prime Minister Paolo Gentiloni arrived here on Sunday on a two-day state visit to India, the first such visit in a decade, in a bid to boost ties between New Delhi and Rome after the faceoff over two Italian marines.

Romano Prodi was the last Italian Prime Minister to visit India in February 2007.

“Coming after a gap of more than a decade, the visit is aimed at strengthening bilateral, political and economic relations between the two countries,” the External Affairs Ministry said in a statement ahead of Gentiloni’s visit.

Prime Minister Narendra Modi will hold delegation-level talks with Gentiloni on Monday following which a number of agreements are expected to be signed.

Gentiloni will also call on President Ram Nath Kovind and Vice President Venkaiah Naidu during his visit.

Diplomatic ties between India and Italy virtually came to a near freeze following the February 2012 firing by two Italian marines, Massimiliano Latorre and Salvatore Girone, from M.V. Enrica Lexie, killing two Indian fishermen off Kerala.

India took the marines into custody though Italy claimed the ship was in international waters and the case should be handled by the International Tribunal for the Law of the Seas (Itlos) at The Hague.

In September 2014 Latorre was allowed to return to Italy on health grounds following a Supreme Court order. In May 2016, Girone too was allowed to return. Both the marines are now in Italy awaiting an order from the Itlos.

The stand-off between New Delhi and Rome affected the talks for a free trade pact between the European Union and India.

Indo-Italian ties got a breather when External Affairs Minister Sushma Swaraj visited the Vatican in September last year for the canonisation of Mother Teresa.

According to official figures, Italy is among India’s five largest trading partners in the EU, with bilateral trade at $8.79 billion in 2016-17.

India’s exports to Italy total $4.90 billion and imports $3.89 billion, resulting in a trade balance of $1 billion in favour of India. In the first four months of fiscal 2017-18, bilateral trade has reached $3.22 billion.

Italy is the 13th largest investor in India with cumulative investments worth $2.41 billion from April 2000 to June 2017. The top five sectors in India that attract Italian investments are automotive industry, trading, service sector, industrial machinery and food processing industry.

There are over 600 Italian companies active in India covering various sectors such as fashion, garments, textile and textile machinery, automotive, automotive components industry, infrastructure, chemicals, energy, confectionery and insurance.

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

Social Icons

Diplomacyindia.com Video Interview with Shri Dnyaneshwar M. Mulay Secretary (CPV & OIA), Ministry of External Affairs speaking on an eventful journey of Indian Passport through its serveral phases, fast expanding network of passport seva kendras, evergrowing numbers, citizen centric service & new Initiatives

Diplomacyindia.com Video Interview with Shri Dnyaneshwar M. Mulay Secretary (CPV & OIA), Ministry of External Affairs speaking on safety & security features of the passport documents in an era of digitalisation his cherished moments & milestones as “Passport Man” of India tranforming the entire passport landscape.

Diplomacyindia.com Video Interview : Mrs. Reva Ganguly Das (IFS) Director General, Indian Council of Cultural Relations Speaking on Yoga Day Celebrations

Exclusive Interview to Diplomacyindia.com with Shri Upendra Tripathi, IAS Interim DG, International Solar Alliance (ISA) speaking on the journey of ISA so far, guiding principles, vision & priority areas & programmes for ISA.

Exclusive Interview to Diplomacyindia.com with Shri Upendra Tripathi, IAS Interim DG, International Solar Alliance (ISA) speaking on expanding rank of international solar alliance & opening the membership to the countries beyond tropics.

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H.E. Mr. Jozef Drofenik speaking on Bilateral Relations and Trade between India and Slovenia

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H. E. Mr. Jozef Drofenik speaking on Tourism in Slovenia

Pictures of Formal Launch of Website Diplomacyindia.com

Knowledge Partner

Exclusive Interview with Prime Minister of Guyana, H.E. Mr. Moses Veerasammy Nagamootoo during his recent visit to India.Highlights of the interview were Indian Cultural Connect, Vibrant Bilateral Ties and Cultural Connect and India’s Economic Prowess.

Video Message from Shri Prakash Javadekar, MoS (IC) for Forest, Environment & Climate Change on eve of Formal Launch of Website Diplomacyindia.com

Message from Gen. V K Singh, (Retd.) Hon’ble MoS, External Affairs to Diplomacyindia.com

WP2Social Auto Publish Powered By : XYZScripts.com