India’s Dedication to Honest FTA Talks with the EU: Insights from Piyush Goyal

New Delhi [India], December 11 (ANI): Commerce and Business Minister Piyush Goyal on Thursday addressed the India-Italy Enterprise Discussion board plenary session in Mumbai together with Antonio Tajani, Deputy Prime Minister and Minister of Overseas Affairs and Worldwide Cooperation of Italy.
Goyal stated India is “leaving no stone unturned for a good, equitable, and balanced India-EU FTA,” noting that the partnership with Italy will play a key position in shaping the negotiations.
India’s efforts towards a good and balanced India-EU Free Commerce Settlement (FTA) shaped the centre of the discussions. The minister added that either side are engaged on a “pragmatic roadmap” to increase commerce, enhance investments, and strengthen enterprise ties as talks with the European Union proceed.
He highlighted that Indian companies are eager to work with Italy in analysis and improvement, expertise and innovation, sports activities, defence, area, textiles, agriculture, and meals processing. Goyal defined that the 2 nations are additionally pushing for sooner progress on the India-Center East-Europe Financial Hall (IMEC), calling it important for long-term connectivity and financial positive aspects.
Throughout the session, Goyal mirrored on the cultural and conventional ties between the 2 nations. He described how these ties have formed mutual goodwill and rising people-to-people exchanges. Tajani additionally spoke about Italy’s wealthy civilizational heritage and the popularity it now receives globally, together with the appreciation of Indian festivals corresponding to Diwali.
Goyal famous that enterprise relations between India and Italy have already attracted “vital funding.” Nonetheless, he believes the “greatest potential lies in expertise, innovation, startups, and aerospace,” areas the place the 2 nations complement one another.
He urged corporations on either side to look carefully at alternatives arising from India’s 1.4 billion-strong market and Italy’s entry to the broader European Union.
The minister referred to the Joint Declaration 2025-29, beneath which India and Italy have dedicated to selling enterprise cooperation, technological collaboration, and funding.
Goyal added that each nations are exploring collaboration in 4 precedence sectors: cars, together with electrical autos; waste-to-energy; renewable applied sciences; and precision engineering. He stated joint ventures can open doorways to the bigger EU market whereas creating jobs and financial alternatives in each nations.
Calling it a “very sustaining win-win answer,” he burdened the necessity for innovators from India and Italy to work collectively.
With the India-EU FTA negotiations underway, he stated cooperation with Italy will probably be essential in unlocking future alternatives. (ANI)