look news india
The last leg of Prime Minister Narendra Modi’s historic and diplomatic tour of five countries has been spectacular. In the last leg of his important foreign tour, PM Modi reached Italy, where he was given a grand welcome. During this visit, Prime Minister Modi and Italian Prime Minister Georgia Meloni announced in one voice that the mutual relations between India and Italy have now entered a new and very strong era. Both the top leaders made it clear that the old friendship between the two countries is now a “Special Strategic Partnership” Has taken the form of. On this occasion, both the leaders also wrote a joint article for the Indian and Italian media, in which they expressed the strong will of the two countries to work together in the rapidly changing world.
Grand target of 20 billion euro trade by 2029
While talking about the economic coordination between the two countries, PM Modi and Meloni said that India’s fast economic growth rate and Italy’s strong industrial and manufacturing capacity together can bring a big change in the global market. He underlined that an excellent diplomatic synergy is being created between India’s “Make in India” and Italy’s “Made in Italy” vision.
Both the countries together have set a target that by the year 2029, mutual bilateral trade will exceed 20 billion euros. To achieve this big goal, cooperation will be rapidly expanded in core sectors like defence, aerospace, heavy machinery, auto parts, life-saving medicines, modern technology, advanced agriculture and tourism. The joint article said that today India has a strong network of more than 100 unicorns and millions of startups, while Italy is the world’s master in excellent designing and manufacturing, which will directly benefit both the countries.
Artificial Intelligence (AI) and common steps in the digital world
Referring to the challenges and possibilities of the coming future, both the global leaders said that Artificial Intelligence (AI), quantum computing and digital technology will very soon change the shape of the entire world. India and Italy are fully ready to work together in these advanced sectors. He particularly emphasized that AI should always be used for human welfare and positive development of the society.
The leaders cautioned that technology should under no circumstances be misused to harm democracy or the fundamental rights of citizens. This combination of India’s immense digital potential and Italy’s technological expertise will play a big role in creating a secure, transparent and trustworthy digital ecosystem for the entire world.
Tough front against defence, space security and terrorism
Apart from the economic and technological front, India and Italy are also taking their partnership to a new level in defence, maritime security and space technology. Mutual coordination between the armies and strategic departments of the two countries will be further strengthened. Along with this, both the countries have talked about opening a joint front against serious global challenges like terrorism, dangerous cyber crimes, international drug trafficking and human trafficking. Taking steps towards energy security, both the countries committed to work together on future projects like renewable energy, green hydrogen technology and smart grid.
Historical connection of the Indo-Pacific and the Mediterranean
Discussing the security and diplomacy of global trade routes, the two leaders said that India and Italy are the main bridges connecting two of the most important and sensitive regions of the world – the Indo-Pacific and the Mediterranean. He described this entire “Indo-Mediterranean region” as the biggest trade and technological corridor of the times to come. Along with this, he described the ambitious ‘India-West Asia-Europe Economic Corridor’ (IMEC) as a very important and game-changing project, which will give an unprecedented boost to global trade, energy supply and digital connectivity in the times to come.
Finally, Modi and Meloni talked about the shared values and culture of both the civilizations. He said that India’s ancient idea of ”Vasudhaiva Kutumbakam” (the whole world is one family) and Italy’s deep humanistic thinking bring both the countries very close to each other ideologically. The ultimate and main objective of this entire partnership is to create such a strong, modern and sustainable relationship by keeping the common citizens of both the countries at the center, which will fully meet all the needs of the coming generations and the future.