WORLD India, Italy to hold virtual summit

WORLD

India, Italy to hold virtual summit

Xinhua

22:11, November 04, 2020

File Photo.

NEW DELHI, Nov. 4 (Xinhua) -- A virtual bilateral summit will be held between Indian Prime Minister Narendra Modi and his Italian counterpart Giuseppe Conte on Nov. 6, announced India's ministry of external affairs on Wednesday.

The two leaders will comprehensively review the broad framework of the bilateral relationship and exchange views on major regional and global issues of mutual concern, said an official statement issued by the ministry.

According to the statement, the bilateral trade between the two countries stood at 9.52 billion Euros (around 11.13 U.S. dollars) in 2019.

Italy is India's fifth largest trading partner in the European Union, after Germany, Belgium, Britain and France.

Around 600 large Italian companies are active in India, covering varied sectors such as fashion and garments, textiles and textile machinery, automotive components, infrastructure, chemicals, energy confectionery, insurance, among others.

Several Indian companies are also active in Italy, while several government-to-government and private sector agreements and memorandums of understanding (MoUs) are under finalization and will be concluded on this occasion, added the ministry's statement.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue