Italy could play significant role in boosting India's advanced manufacturing capacity: Vincenzo de Luca
India to increase its manufacturing weight and capacity in the coming years will be crucial, and the collaboration with Italy in advanced manufacturing could play a significant role in it, Vincenzo de Luca, Italy's outgoing Ambassador to India, who is credited with turnaround in the partnership, told ET's Dipanjan Roy Chaudhury.
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1) How have Indo-Italian economic and institutional relations evolved during your tenure?
Considering where we were coming from – a relationship strained by a ten-year old court case involving two Italian Navy officers, which was closed only in 2021 – I feel privileged to have seen such a tremendous improvement of our bilateral relationship. On the one hand, we went through really hard times, such as the COVID-19 pandemic, which taught us how to collaborate in an unprecedented emergency.
On the other hand, after the pandemic, the pace of our political and economic relations increased: we adopted a Five-Year Plan of Action in 2020, and became Strategic Partners in 2023. From a bilateral perspective, the strategic partnership between Italy and India, established during the meeting between Prime Minister Meloni and Prime Minister Modi in March 2023, offers a promising framework for businesses looking to participate in these initiatives. And I am also glad that this partnership can grow in the
