A "system" strategy for Italian-Indian cooperation

The Italian Government's Action Plan for Exports to Non-EU Foreign Markets, and the financial and insurance instruments of SACE and SIMEST, as well as the ICE structure, provide support for revitalizing bilateral relations

In the current geopolitical context, characterized by a growing polarization between the US and Chinese spheres of influence, India represents a very promising "third way" for European companies, a dynamic country with which to build profitable industrial and commercial partnerships. This emerged from the Italian-Indian working group active in New Delhi as part of the ninth edition of EIMA Agrimach India. In a strategic sector such as agricultural machinery, Italian-Indian cooperation needs investment from companies to establish production facilities in the subcontinent, but it requires public support and a systemic policy. The Italian agricultural machinery industry deserves to be promoted as a whole, emphasized the Italian Minister of Agriculture, Food Sovereignty and Forestry, Francesco Lollobrigida, in a video message sent for the opening ceremony of the event, due to the vast range of technologies produced, which are capable of combining productivity and environmental sustainability. It also requires export support strategies and credit guarantees, as emphasized by the Italian Ambassador to India, Antonio Bartoli, who attended the opening ceremony on November 27th, also emphasizing the intensification of bilateral forums and meetings between the two countries. India in fact enjoys a prominent place in Italian trade policies, and is today being included in the Action Plan for Italian Exports to high-potential non-EU Markets sponsored by the Italian Ministry of Foreign Affairs and International Cooperation. The Italy-India Scientific and Technological Business Forum, a biennial event that promotes collaboration between the two countries, is also part of this Plan. Its latest edition was held in New Delhi last April. Also supporting the Plan are the financing and insurance systems for Italian companies intending to operate in India that have been developed by the Italian national agencies SACE and SIMEST, which include agreements with leading Indian financial groups.