SIMEST and ICC Sign an MoU to Strengthen Economic Collaboration between Italy & India

News Desk, News Nation 360 : SIMEST, a CDP Group firm that promotes the international expansion of Italian businesses, has signed an MoU with the Indian Chamber of Commerce (ICC), one of India's oldest and most significant commercial associations. The agreement, signed during the Italy-India Business Forum, aims to strengthen economic cooperation between the two countries while also encouraging new bilateral investment prospects. The MoU was signed in the presence of Antonio Tajani, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, and Piyush Goyal, Union Minister of Commerce and Industry. SIMEST CEO Regina Corradini D'Arienzo and Rajeev Singh, Director General of the International Cricket Council, signed. In a joint statement, Regina Corradini D’Arienzo, CEO of SIMEST, and Dr Rajeev Singh, Director General of ICC, expressed their shared commitment to the partnership. They said that the signature of this agreement with the Indian Chamber of Commerce demonstrates SIMEST's strong commitment to supporting Italian companies' investments in a crucial market for Made in Italy, such as India, by providing them with dedicated financial tools and specialised know-how. The MoU is part of the larger action of the Italian System, led by the Foreign Ministry in collaboration with CDP, SIMEST, ICE, and SACE, which supports the international expansion of their productive sector and expands opportunities for economic cooperation in countries that provide the highest added value for Made in Italy, and ICC is delighted to collaborate. The MoU intends to strengthen economic connections between Italy and India by making it easier for enterprises in both countries to work across projects and markets. Its primary goals include boosting cooperative business ventures, facilitating cross-border investments through SIMEST-specific financial instruments, and enhancing the flow of information on opportunities such as new industrial projects, mergers and acquisitions, and promising startups. The agreement also aims to establish a solid, long-term network that connects the Italian and Indian business communities, allowing enterprises to identify partners, share market information, and collaborate on projects more successfully. Together, these steps are meant to boost investment, accelerate industrial and commercial growth, and strengthen the two countries' strategic economic connection.

Pic - Courtesy