KOCHI: On the strength of the current growth in business between the two countries, Indo-Italian trade is expected to grow to $10 billion by 2010 from the current level of $3.5 billion, said Sergio Sgambato, Secretary-General of the Indo-Italian Chamber of Commerce and Industry here on Tuesday.
He was speaking at a seminar organised by the chamber in the city on the theme Italy, A Unique Work of Art. The seminar was organised in collaboration with the Italian State Tourism Board and the Cochin Chamber of Commerce and Industry.
Speakers at the seminar included Marialuisa Pappalardo, Commercial Attache at the Italian Consulate in Mumbai and Salvatore Ianniello, representative of the Italian State Tourist Board in India. Mr. Ianniello delivered the keynote address based on the theme of the seminar.
India’s exports to Italy include spices, seafood, textiles, coffee and tea. Mr. Sgambato said that Italy had great strength in food processing.
Italy was looking for high value tourists and the number of Indians visiting Italy had been growing consistently. Satish Murti, vice-president of the Cochin chamber, welcomed the gathering.
Over 700 importers and exporters from India and Italy benefit from the Chamber which promotes international trade between the two countries.