Overview

• Piyush Goyal proposed dedicated Italian industrial enclaves at smart cities such as Dighi and Sambhaji Nagar, offering manufacturing units alongside housing, healthcare and hospitality for expatriate workers
• Carraro Group pledged €350 million over the next five to seven years, UFI Filters will double its India investment and Toschi Vignola plans a significant expansion of its local operations
• The two governments agreed to deepen cooperation in aerospace, energy transition, Industry 4.0 and sustainable mobility, and will form joint working groups in the automobile and space sectors
• India and EU negotiators have held three ministerial meetings in 35 days with Trade Commissioner Maros Sefcovic, aiming to conclude the free trade agreement before the end of 2025
• Both sides advanced discussions on the India-Middle East-Europe Economic Corridor, exploring joint ventures to boost trade connectivity across Africa and South America