India, Italy agree to further expand trade, investment ties

India and Italy have reiterated the commitment to further expand trade and investment linkages. In Rome, Prime Minister Narendra Modi held delegation-level talks with his Italian counterpart Mario Draghi. They also reviewed the 2020-2025 Action Plan of bilateral partnership. the two countries issued a joint statement announcing a strategic partnership on energy transition, and agreed to explore partnerships in areas including large size green corridor projects, smart grids, energy storage solutions, gas transportation, development and deployment of green hydrogen and promotion of biofuels. The two leaders resolved to cooperate for accelerating the clean energy transition to fight climate change. They also had a very good discussion on two way investments, particularly in the clean energy and renewable sector. in a tweet, Modi said that there is great potential to further scale up economic linkages, cultural cooperation and for the two countries to work together towards a more environment-friendly planet.

The G20 comprises of 19 countries and the European Union. This international forum brings together the world’s major economies. Its members account for more than 80 percent of world GDP, 75 percent of global trade and 60 percent of the population of the planet.The forum has met every year since 1999. Yearly Summits have been held since 2008 with the participation of the Heads of State of G20 nations. In addition to the Summit, ministerial meetings, Sherpa meetings, working groups and special events are organized throughout the year. The Summit is the final stage, at Leaders’ level, of the intense work carried out within these various groups throughout the year.