India, Italy identify infrastructure projects for co-operation
21 Feb 2007
Mumbai: India and Italy have identified projects in the highways and power sector that will be taken up jointly on a pilot basis. India has drawn up investment plans of about $320 billion in the infrastructure sector.
The India-Italy joint working group, set up in November 2006 in Rome during the 17th session of India-Italy joint commission for economic cooperation, zeroed in on the projects during its first meeting on February 15.
Both sides presented the opportunities and expertise available in the infrastructure sector. Identification of joint pilot projects was discussed and projects in the highways and power sector have been identified for further participation by both sides.
"The broad goal of the JWG is to broaden the India-Italy economic relationship by facilitating trade and investment flows in the infrastructure sector," a release issued by the JWG said.
Commerce and industry minister Kamal Nath, Italian minister of international trade Emma Bonino and Italian minister for infrastructure Antonio di Pietro have welcomed the meeting of the JWG and its outcome, the release added.
The
broad goal of the JWG is to widen the India-Italy economic
relationship by facilitating trade and investment flows
in the infrastructure sector.
