G7 Summit | PM Modi visit to Italy : Check dates, schedule, bilateral meeting , other deets

G7 Summit | PM Modi visit to Italy :  Italy, which has invited Prime Minister Narendra Modi for the G7 Summit Outreach Sessions, is India’s fourth largest trading partner in the European Union, 18th largest foreign investor with bilateral relations upgraded to the level of ‘Strategic Partnership’ with focus on defence, Indo-Pacific, energy and science and technology. 

This will mark Modi’s first overseas trip after assuming office in his third consecutive term as Prime Minister.

PM Modi visit to Italy : Dates 

Prime Minister Narendra Modi is set to leave for Italy on Thursday) to participate in the 50th G7 Summit, scheduled on June 13 and 14.

Italian PM Giorgia Meloni has invited PM Modi to the G7 Outreach Summit in Puglia on June 14. 

PM Modi visit to Italy : Bilateral meetings 

During the Summit, PM Modi is also expected to hold a bilateral meeting with Giorgia Meloni. 

In the meeting, the two Prime Ministers are expected to review the entire gamut of bilateral ties and give directions for next steps 

Italy is the Chair of G7 this year and is hosting the Summit of the informal grouping of seven of the world’s advanced economies which also includes Canada, France, Germany Japan the United Kingdom, and the United States, as well as the European Union. 

This will be India’s eleventh participation in the G7 summit and PM Modi’s fifth consecutive participation in the G7 summit.

 

All about G7 Summit 

G7 summit will be on Artificial intelligence (AI), energy, Africa and the Mediterranean, which will be a block agenda item where the G7 and the outreach countries will share their views and perspectives

India’s participation at this G7 summit required particular salience in the context of India’s presidency of G20 where India took a leading role in building global consensus on a number of contentious issues.

The G7 summit under the Italian presidency has chosen some key priorities for the current year, in broad terms. 

These included conflict in Russia-Ukraine and the Middle East with its consequences for the global agenda; secondly, relationship with developing nations and emerging economies with a focus on Africa and the Indo-Pacific region; third, migration, together with climate energy linakges and food security and; last, the Artificial Intelligence (AI). 

Moreover, Italy has also invited Algeria, Argentina, Brazil, Egypt, Kenya, Mauritania, Saudi Arabia, South Africa, Tunisia and also the UN.

Italy and India Relations 

India and Italy have close and friendly relations with the two modern and mature democracies, committed to the rule of law, respect for human rights and achieving economic development through inclusive growth.

The countries celebrated 75 years of establishment of diplomatic relations last year.

PM Modi visited Italy for the G20 Summit in October 2021 and Italian PM visited India on State visit in March 2023 and was Chief Guest at the Raisina Dialogue. She also visited India for the G20 Summit.

India-Italy bilateral relations were upgraded to the level of ‘Strategic Partnership’ with a focus on defence, Indo-Pacific, energy and science & technology during her visit.

There were several high-level engagements between the two sides since the State visit of the Italian Prime Minister to India.

The two countries are focusing on promising sectors like food processing, textiles, design, manufacturing and financial services.

Indian investment in Italy is estimated around USD 400 million.

Indian companies in Italy are mainly in IT, pharma, electronics, manufacturing and engineering sectors. Major Indian companies in Italy are: Titagarh Industries, TCS, Mahindra, Ranbaxy, Bombay Rayon, ZydusCadila, Dr. Reddy’s Laboratories, Aurobindo Pharma Italia, HimatsingkaSeide, Varroc Group, Endurance Technologies, Gammon, ABG Group, Aditya Birla, Raymond Zambaiti and Sun Pharma.