INDIA –ITALY BILATERAL TIES (GS2)

Historical Ties

Ancient Links: Trade between ancient India and the Roman Empire facilitated exchanges of goods such as spices, textiles, and gems.

Colonial Era: Italian travelers like Marco Polo visited India, further strengthening cultural links.

Post-Independence: Diplomatic relations were established in 1947, with Italy being one of the first countries to recognise independent India.

Strategic Ties

Defence Cooperation: Both countries have signed various agreements for cooperation in defence and technology. Joint military exercises and training programs are part of their defence collaboration.

Global Platforms: India and Italy collaborate on international forums like the United Nations and G20, where they share common interests in global governance, climate change, and sustainable development.

Economic Ties

Trade: Bilateral trade between India and Italy has seen significant growth. As of recent data, the trade volume stands at approximately €10 billion annually.

Investment: Italian companies have invested in India in sectors such as automotive, fashion, engineering, and infrastructure. Notable Italian companies in India include Fiat, Ferrero, and Pirelli.

Joint Ventures: Several Indo-Italian joint ventures are operational, fostering economic cooperation. The Indo-Italian Chamber of Commerce and Industry promotes business exchanges.

Cultural Ties

Diaspora: The Indian community in Italy contributes to cultural and social ties. Indian festivals like Diwali and Holi are celebrated in Italy.

Arts and Literature: Regular cultural exchanges occur through film festivals, art exhibitions, and literary events. The Venice Film Festival often features Indian films.

Education: Academic partnerships between Indian and Italian universities are growing. Scholarships and exchange programs encourage educational ties.

Security Cooperation

Anti-Terrorism: Both countries cooperate on counter-terrorism measures and share intelligence to combat global terrorism.

Cybersecurity: Collaboration in cybersecurity has been an emerging area, with agreements to enhance cooperation in cyber defence and technology.

Global Cooperation

Climate Change: Both nations are committed to addressing climate change and collaborate within frameworks like the Paris Agreement.

Multilateralism: They support multilateralism and a rules-based international order. Their collaboration in the G20 focuses on economic stability, inclusive growth, and combating global challenges.

Examples and Data

Trade Statistics: The bilateral trade volume is around €10 billion, with major exports from India including textiles, leather, and machinery, while Italy exports industrial machinery, automotive parts, and luxury goods to India.

Investment Figures: Italian FDI in India is notable in sectors like manufacturing and services, with investments surpassing $2 billion.

Cultural Exchange: Festivals like "Festival of India in Italy" and "Italian Language Week" in India highlight cultural ties.

Defence Exercises: Joint naval exercises and training programs are conducted regularly, enhancing military cooperation.