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India Gets Major Investment Boost During Piyush Goyals Italy Visit as Top Firms Pledge Expansion, Increased Commitments

  • On June 5, 2025, Piyush Goyal, India’s Minister for Commerce and Industry, held discussions with Italian business leaders in Milan as part of his two-day official trip to Italy.
  • This visit, following earlier discussions in France, aimed to strengthen economic ties within the framework of the bilateral strategic cooperation agenda for 2025-2029 between India and Italy.
  • During meetings, major Italian firms like Carraro Group, UFI Filters, and Toschi Vignola announced plans to significantly expand investments and operations across sectors such as refrigeration, aerospace, and food processing.
  • Carraro Group committed to an investment of Euro 350 million over the coming five to seven years, while Minister Goyal noted productive talks focused on advancements, new opportunities, and production capabilities within India.
  • These commitments signal strengthened bilateral economic ties and potential job creation as Indian and Italian companies seek to leverage India’s growing market and supply chain role.
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Devdiscourse broke the news in India on Wednesday, June 4, 2025.
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