India, Italy to ink pact to counter terror
Feb 10, 2007 - 10:23:32 PM
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The two countries are determined to double their bilateral trade to $10 billion by 2010. Italy is looking at India as a big opportunity and has declared it as a focus country for its overseas investment. It will showcase its core strength in textiles, automobiles, food processing, defence and lifestyle sectors to the Indians.
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By IANS,
[RxPG] Chennai, Feb 10 - India and Italy will ink pacts on countering terrorism and energy cooperation during Italian Prime Minister Romano Prodi's six-day visit to the country that began Saturday.
The two memoranda of understanding will relate to setting up a joint working group - on combating international terrorism and transnational crime, and on cooperation in the sphere of renewable energy.
The two countries will also sign a cultural exchange programme for 2007-09.
Prodi, who is accompanied by top ministers and over 100 leading entrepreneurs, began the visit to India from Chennai. He will travel to Bangalore, Mumbai and Kolkata before arriving in New Delhi Feb 14 for a meeting with Prime Minister Manmohan Singh and his top aides and ministers, after which the agreements will be signed.
A string of seminars and meetings will be held in Mumbai, Kolkata and Bangalore under the aegis of the India-Italy Business Forum with business leaders of both countries getting the chance to have one-on-one meetings and strike deals.
The two countries are determined to double their bilateral trade to $10 billion by 2010. Italy is looking at India as a big opportunity and has declared it as a focus country for its overseas investment. It will showcase its core strength in textiles, automobiles, food processing, defence and lifestyle sectors to the Indians.
From India's point of view, getting Italian investment and technology in infrastructure projects would be a priority.
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