India and Italy are holding a prime ministerial-level virtual meet today between PM Narendra Modi and his Italian counterpart Giuseppe Conte.
During the meet, the two leaders will be conducting a comprehensive review of the broad framework of the bilateral relationship and will exchange views on major regional and global issues of mutual concern, the Ministry of External Affairs said.
It added that a number of Memorandum of Understanding (MoUs)/Agreements in the field of trade, environment, media, film making, investments, fishseries, etc. are expected to be signed at the virtual summit.
“India and Italy share a warm and multifaceted relationship based on strong historical ties, common democratic traditions, rule of law and a shared goal of international peace and stability. India views Italy as an important member of the EU and values its positive contribution in furthering India-EU ties,” the Ministry of External Affairs said in a press release.
The Italian Marines case was a major break in the ever-growing bilateral relations between India and Italy. However, following the Arbitral Tribunal verdict, Italy wants to build robust economic relations on the foundation of political relationship. Besides, after Brexit, Italy is the third largest economy in the European Union.
India would like to encash the country’s robust manufacturing, technological and design capabilities. PM Narendra Modi is likely to push for strong partnership in ‘Make in India’ and ‘Atmanirbhar Bharat’ projects.