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Italy-India Joint Strategic Action Plan 2025-2029
Context
On the sidelines of the G20 Summit, India and Italy have launched a landmark four-year (2025-29) joint strategic action plan to boost partnership in 10 sectors.
Key-highlights
- The action plan 2025-29 identified 10 specific pillars for advancing bilateral engagement that included economic cooperation and investments, energy transition, space, defence, security, migration and mobility, people-to-people exchanges.
- The outcome was a set of initiatives designed to enhance collaboration over the next five years.
- India and Italy also agreed to cooperate on the India-Middle East-Europe Economic Corridor (IMEEC), a strategic initiative aimed at enhancing connectivity and trade between India, the Middle East, and Europe.
- This corridor has the potential to significantly improve regional trade links and boost economic activity.
- The two sides will focus on sustainable transport and maritime infrastructure, with plans to finalize agreements related to port cooperation. Strengthening these trade routes will benefit not only India and Italy but also the broader region.
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