Italy and India are keen to bolster their bilateral trade from the current level of US$8 billion to at least US$10 billion a year by 2010.
During a visit to Delhi as part of the Italy-India Business Mission 2009, the Italian minister of economic development, Claudio Scajola, described India as “the fastest growing market fuelled by the increasing population of middle class with rising income levels”.
Scajola, who was accompanied by a 210-member delegation, said Italy was interested in transferring technology and innovations to India and investing in the infrastructure, transport, communication, banking, energy and renewable energy sectors. He also described India as an important market for Italian products, especially for food processing, machine tools, infrastructure, transport, telecom, and renewable energy.
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