India, Italy express desire for bilateral cooperation in railways, textile and leather
India and Italy held a meeting in a virtual format on their Joint Commission for Economic Cooperation
To facilitate trade and investment, India and Italy on Friday discussed issues related to market access and non-tariff barriers. This development took place during the 21st session of Joint Commission for Economic Cooperation between India and Italy.
Piyush Goyal, Commerce and Industry Minister and Luigi Di Maio, Minister of Foreign Affairs and International Cooperation of Italy co-chaired the Session.
The two sides also held extensive discussion in the areas of food processing, textiles, leather, railways, start-ups and promotion of SMEs which play a crucial role in economic growth and employment generation.
The progress on the outcomes of the India-EU leaders Summit in Porto, Portugal was also reviewed.
Indian side also raised the issues of Mutual recognition of COWIN Vaccine Certificate and opening up of Travel restrictions, longer duration of Business Visas and Portability of social security benefits of Indians working in Italy.
Following the India-Italy JCEC G2G Meeting, a G2B Session focusing on Energy partnership was held virtually in the presence of the two Ministers.
During the meeting, three Indian companies (Indian Oil Corporation, Adani Solar, ReNew Power) and 3 Italian companies (Enel Green Power, Snam, Maire Tecnimont) made presentations focusing on the areas of green economy, clean technology and promotion of use of renewable energy for grid-based multi-energy systems.
During the Session, both the Ministers reiterated the vision laid down by the Prime Ministers of India and Italy, under the Plan of Action adopted on November 6, 2020, to promote energy transition, leveraging technology and climate partnerships.
They underscored the pioneering role played by India and Italy at the multilateral fora as early adopters of ambitious clean energy targets and invited the private and public sectors of both countries to explore synergies to further enhance mutual energy capacities.