We will be ideal partner to support ‘Make in India’ campaign says Italy

Vastavam web: Italy can be the ideal partner to support the ‘Make in India’ campaign, Italian Deputy Minister of Economic Development Ivan Scalfarotto said.Italy is the second highest manufacturing economy of the European Union.”We are actually committed and ready to contribute to it, sharing our expertise and know how in key areas such as green technologies, renewables, SMEs and infrastructure,” Scalfarotto said.Being the second highest manufacturing economy of the EU after Germany and the fifth in the world “Italy is the ideal partner to support the Make in India campaign,” he said here at a function today.
He also said that huge potential exists to boost two-way trade and investments. Alking about collaboration in the automobile sector, he said Italian component manufacturers are ready to offer their knowledge and advanced technologies for hybrid, electric, fuel cell and hydrogen vehicles.About infrastructure development, the minister said some large Italian companies are keen to contribute in this sector.According to Indian commerce ministry, the two way trade between the countries stood at USD 8.28 billion in 2015-16.