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India-Italy sign Joint Commission for Economic Cooperation

India and Italy on Thursday signed the protocol of the India–Italy Joint Commission for Economic Cooperation (JCEC), laying out a roadmap to strengthen their economic partnership. The protocol was signed by Commerce and Industry Minister Piyush Goyal and Italy’s Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Antonio Tajani. In a post on X, Goyal said the two sides also witnessed the signing of several industry agreements across sectors. He said he underlined the need to deepen India–Italy cooperation by expanding trade, increasing investments, strengthening industrial linkages and leveraging the broader India–EU engagement to open new opportunities. The India-Italy Business Forum was held in Mumbai during Tajani’s visit. Addressing the forum, Goyal noted that this was the third major business engagement between the two countries in eight months, reflecting the growing strength of the partnership. Goyal said both sides are working to advance the India–EU Free Trade Agreement and create new avenues for business and investment. “Together we will work to ensure that the India–Italy relationship becomes one of the defining partnerships of the 21st century,” he said, adding that India remains committed to a fair, equitable and balanced FTA.

Speaking at the forum, Antonio Tajani said Italy sees strong potential in India and stressed the need for closer cooperation in innovation, research and education. He said Italy aims to reach 700 billion euros in exports by 2027, and called India a key partner in that effort. Tajani said many Italian companies are already active in India, and sectors such as sports, the automotive industry, defence, pharmaceuticals, space and culture offer further opportunities. He added that Italy wants to increase investments in India, expand exports and welcome more Indian investment into Italy.


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