Italy’s leading industry body Confindustria Firenze is planning to lead a delegation of businessmen, investors and government officials to India during the last quarter of 2017. This move comes after Confindustria Firenze inked a memorandum of understanding (MoU) with the World Trade Center Mumbai on June 1, 2017.

Capt. Somesh Batra, Vice Chairman, World Trade Center Mumbai said, ”The signing of the MoU represents the initial step to create institutional anchors for the promotion of trade, commerce and information exchange between corporations and public entities in both the countries.”

India’s bilateral goods trade with Italy stood at USD 8.84 billion, of which USD 4.94 billion is India’s exports and USD 3.96 billion is its imports. By strengthening co-operation between both the countries in areas of agriculture, manufacturing and services, bilateral trade volume can double to USD 17 billion by 2020.

Confindustria Firenze is one of the oldest, most respected and active chamber representing manufacturing and service sector companies in Tuscany, which is a region in central Italy. The chamber promotes economic growth and social progress in the metropolitan area of Tuscany through active partnership with the local political institutions, economic, social and cultural organizations. Confindustria Firenze also promotes information, knowledge and culture as instruments of economic and social progress.

(L to R) Seen in Pic: Capt. Somesh Batra, Vice Chairman, World Trade Center Mumbai and Mr. Lui Salvadori, President of Confindustria Florence