India and Italy Agreed to Set Up Joint Business Council

Feb 2, 2011, 13:15 IST

India and Italy, on 1 February 2011, agreed to set up a Joint Business Council to strengthen investment flows between the two nations.

India and Italy on 1 February 2011 agreed to set up a Joint Business Council to strengthen investment flows between the two nations. The agreement took place in Rome during the visit of India’s minister for commerce and industry Anand Sharma to Italy. The objective of the joint business council is to emphasise on 10 areas, which include information and communications technology, manufacturingand infrastructure. India and Italy aim to double bilateral trade to 17.5 billion US dollars in the next five years.

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