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India, Italy unveil five-year action plan for key sectors

Our talks centred around deepening ties in defence, security, trade and technology, the PM said on X.

News Arena Network - Rio de Janeiro - UPDATED: November 19, 2024, 12:51 PM - 2 min read

PM Narendra Modi during a meeting with Italian PM Giorgia Meloni on the sidelines of the G20 Summit, in Rio de Janeiro.


After lengthy discussions between Prime Minister Narendra Modi and his Italian colleague Giorgia Meloni, India and Italy presented an ambitious five-year strategic action plan including concrete objectives in critical sectors of military, commerce, clean energy, and connectivity.

 

Ten distinct pillars for promoting bilateral interaction were defined in the action plan 2025–29. These included people-to-people exchanges, energy transition, space, defence, security, migration and mobility, and economic cooperation and investments.

 

According to the Ministry of External Affairs (MEA), Modi and Meloni also agreed to collaborate on multilateral and international forums for promoting the common values of democracy, the rule of law, and sustainable development. The discussions were held on the fringes of the G20 meeting late Monday.

 

“Our talks centred around deepening ties in defence, security, trade and technology. We also talked about how to boost cooperation in culture, education and other such areas,” Modi said on X.

 

India-Italy friendship can greatly contribute to a better planet, he added.

 

It was the fifth meeting between the two prime ministers in the last two years. Modi and Meloni had last met in June in Italy's Puglia on the occasion of the G7 summit.

 

“Following up on their discussions in Puglia, the two leaders reiterated their commitment to advancing the India-Italy strategic partnership and announced a joint strategic action plan 2025-29 which outlines their vision for the next five years,” the MEA said.

 

The two countries will pursue collaborations, programmes and initiatives in areas of trade, investment, science and technology, new and emerging technologies, clean energy, space, defence, connectivity and people-to-people linkages under the joint action plan, it said.

 

The MEA said India and Italy will hold regular ministerial and official dialogues across numerous domains.

 

“Co-production, collaborations between respective industries and institutions, innovation and mobility would provide momentum and further depth to the bilateral partnership and benefit the economies and people of both countries,” it said in a statement.

 

The MEA said Modi and Meloni also agreed to continue working together for the implementation of plurilateral strategic initiatives, including the Global Biofuels Alliance and the India-Middle East-Europe Economic Corridor, of which they are founding members.

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