Overview
- Nirmala Sitharaman and Giancarlo Giorgetti operationalized the Joint Strategic Action Plan 2025-29 to enhance India-Italy economic collaboration.
- India invited Italian firms to invest in key sectors under its Production Linked Incentive (PLI) schemes, including renewable energy and high-end manufacturing.
- The ministers advocated for reforms in Multilateral Development Banks (MDBs) to better address developing countries' needs and align with Sustainable Development Goals.
- Sitharaman showcased India’s digital finance achievements, highlighting UPI’s 1,800 crore transactions in March 2025 and the ₹2.614 lakh crore deposits in Jan Dhan accounts.
- Addressing the Indian diaspora in Milan, she emphasized their contributions to global economies and underscored India’s progress in inclusive governance and transparent policymaking.