Finance
By: Shree1news, 30 OCT 2021
New Delhi/Rome: In their first in-person meeting, Prime Minister Narendra Modi and his Italian counterpart Mario Draghi mentioned the challenges posed by climate change and the necessity for the international group to work collectively, as well as the situation in Afghanistan.
Throughout the meeting on Friday, Modi highlighted the transformative climate actions undertaken by India, and the concerns of developing countries about climate financing commitments of the developed world.
The 2 leaders also exchanged views on recent global and regional developments, including in Afghanistan and the Indo-Pacific.
“They reiterated their desire for working closer together for furthering the India-EU multi-faceted cooperation,” mentioned a release from the Ministry of External Affairs in New Delhi.
On the bilateral facet, the 2 leaders reviewed developments for the reason that India-Italy Virtual Summit in November 2020 and expressed satisfaction on the progress in implementation of the 2020-2025 Action Plan adopted at the virtual summit that set strategic goals within the political, economic, S&T and cultural spheres to be achieved within the subsequent 5 years.
The Prime Ministers also reiterated their commitment to further expanding trade and investment linkages between the 2 countries particularly in textiles, food processing, automotive and renewable energy sectors.
“To provide fresh impetus to the bilateral cooperation in renewables and clean energy, India and Italy issued a Joint Statement saying a strategic Partnership on Energy Transition’ and agreed to explore partnerships in areas such as large size green hall projects, smart grids, power storage solutions, gas transportation, built-in waste management (waste-to-wealth), growth and deployment of green hydrogen and promotion of bio-fuels. India and Italy also signed a Statement of Intent on Textiles Cooperation’ during the meeting,” the release mentioned.
Earlier on Friday, Draghi offered a grand welcome to Modi amid military honours at the Palazzo Chigi courtyard.
