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India - Italy Business and Cultural Council

Italy, a European country with a long Mediterranean coastline, is famous for its art, history, and cuisine. Its capital, Rome, houses the Vatican and ancient ruins. Italy is also known for fashion, wine, and scenic landscapes.

Ambassador and Consul General

Global India Business Forum has connected with the Trade Commissioner of Italy, H.E. Mr. Fabrizio Giustarini to create positive business relations by giving them an honorary membership. GIBF is honoured to be able to connect with the Embassy of Italy. Realizing the strengths of Global India Business Forum and the Consulate of the Republic of Italy and conscious of the benefits to be derived by both organizations and its members through this mutual understanding, both parties will be associated with each other in mutual cooperation to facilitate mutual investment, trade and economic cooperation complimented by knowledge sharing, training, certification and networking. Global President of GIBF, Dr. Jitendra Joshi attended the meeting.

Exports

Rubber, Plastic, Leather, Base Metals, Textile

Imports

Base metal, Transport, Chemicals, Textiles, Clothing

About Italy

ABOUT Italy

Italy, located in Southern Europe, is a country known for its rich history, culture, and scenic landscapes. With a population of around 60 million, its capital, Rome, was once the heart of the mighty Roman Empire and is home to iconic landmarks such as the Colosseum, Vatican City, and the Sistine Chapel. Italy's diverse regions offer a variety of experiences, from the rolling vineyards of Tuscany to the picturesque canals of Venice and the rugged coastline of the Amalfi Coast.
The country boasts a Mediterranean climate, with hot summers and mild winters, making it a popular destination year-round. Italian cuisine is celebrated globally, with staples like pasta, pizza, and gelato forming the backbone of its culinary tradition. Italy is also renowned for its contributions to art, fashion, and design, with cities like Florence, Milan, and Venice serving as cultural and commercial hubs.
Italy is a founding member of the European Union and plays a significant role in both regional and international politics. Its economy is the eighth-largest in the world, driven by industries such as automotive, machinery, fashion, and tourism. Rich in heritage, Italy continues to enchant visitors with its timeless charm and vibrant way of life.

Business Opportunities in Italy

BUSINESS OPPORTUNITIES IN Italy

Italy is one of the topmost destinations when it comes to fashion and cosmetics. Milan is one of the greatest fashion destinations for many clothing companies and fashion designers who want to open their shows or stores in the city. Another industry that is of prime importance and also generates huge income for Italy is the cosmetics industry. The Italian cosmetics industry is one of the leading industries in the world, thanks to its high quality cosmetic and personal hygiene products. These two industries can generate a lot of business opportunities for other countries who are looking to invest in Italy. Italy’s furniture industry is one of the leading industries in the world and this would create a lot of opportunities for other countries interested in investing in the furnishing industry.

Exports and Imports In Italy

In March 2024 Italy exported €48.8B and imported €47.7B, resulting in a positive trade balance of €1.09B. Between March 2023 and March 2024 the exports of Italy have decreased by €-5.39B (-9.96%) from €54.2B to €48.8B, while imports decreased by €- 6.26B (-11.6%) from €54B to €47.7B.