India and Italy are introducing the ‘Cotton Route’ initiative to enhance trade relations. Italy aims to become India’s third-largest trade partner in the EU. Both countries are eyeing collaboration in defence, space technology, and other emerging sectors. This initiative seeks to strengthen economic ties and improve logistics and port infrastructure to boost exports.
Italy aims to be India’s 3rd largest EU trade partner
The Blue & Space Economy conference in Mumbai witnessed collaboration between Italian and Indian institutions, celebrating Italy’s achievements in the Space sector. Crucial discussions emphasised bilateral cooperation and integrating digital technologies into new space programs. Maritime sector talks highlighted Leonardo’s contributions to sustainable and secure seas through technology and Indian partnerships.
Trump’s 100% tariff threat unrealistic, India must focus on local currency trading: GTRI
2 years ago
US President-elect Donald Trump’s threat to impose 100% customs duties on BRICS countries if they replace the US dollar is deemed unrealistic by think tank GTRI. They suggest India should focus on developing a local currency trading system. Such tariffs would harm American consumers, disrupt global trade, and provoke retaliation from trading partners.