Friday, May 27th, 2022 12:11:43

PM Modi holds talks with his Italian counterpart Mario Draghi, India, Italy agree to further expand trade, investment ties; G-20 Summit begins in Rome

Updated: October 30, 2021 1:52 pm

India and Italy have reviewed the 2020-2025 Action Plan of bilateral partnership and reiterated the commitment to further expand trade and investment linkages. In Rome, Prime Minister Narendra Modi yesterday held delegation-level talks with his Italian counterpart Mario Draghi.

To provide fresh impetus to the bilateral cooperation in renewable and clean energy,  the two countries issued a joint statement announcing a strategic partnership on energy transition, and agreed to explore partnerships in areas including large size green corridor projects, smart grids, energy storage solutions, gas transportation, development and deployment of green hydrogen and promotion of biofuels.

The two leaders resolved to cooperate for accelerating the clean energy transition to fight climate change. They also had a very good discussion on two way investments, particularly in the clean energy and renewable sector.

Later in a tweet, Mr. Modi said that there is great potential to further scale up economic linkages, cultural cooperation and for the two countries to work together towards a more environment-friendly planet.

Briefing media, Foreign Secretary, Harsh Vardhan Shringla said, during his meeting with the Presidents of the European Commission and European Council, the Prime Minister highlighted India’s perspective on Climate Change and  Afghanistan. He said the main issues of discussion were related to the G20 Summit during this meeting as well as the meeting with the Italian Prime Minister. He said, New Delhi has proposed mutual recognition of COVID-19 vaccine certificate at G20.

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