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In a landmark diplomatic engagement, Prime Minister Narendra Modi and Italian Prime Minister Giorgia Meloni held in-depth bilateral discussions on Thursday, reinforcing strategic ties and unveiling a major joint initiative to counter terror financing. The high-level meeting, held alongside the G7 Summit in Italy, highlighted both nations’ commitment to global security and economic cooperation.
Deepening India-Italy Strategic Partnership
PM Modi and PM Meloni explored key areas of collaboration, including defense, trade, clean energy, and migration. Bilateral trade between India and Italy surged to €15 billion in 2023, reflecting growing economic synergy. PM Modi emphasized Italy’s role as a crucial European ally, stating:
“Our shared democratic values and mutual economic interests lay the foundation for a robust, multidimensional partnership.”
Defense collaboration took center stage, with India seeking Italy’s advanced defense technologies under the Make in India initiative. Italy, meanwhile, showed keen interest in India’s expanding defense market, particularly in naval and aerospace sectors.
Joint Crackdown on Terror Financing
A pivotal outcome was the launch of a joint initiative to dismantle terror financing networks—a critical concern for both nations. India faces cross-border terrorism, while Italy combats organized crime-linked funding of extremism. The partnership will include:
– Intelligence-sharing between agencies
– Joint investigations into suspicious transactions
– Strengthened monitoring via global bodies like FATF
PM Modi stressed:
“Terrorism is a global threat—starving it of funds is vital for lasting peace.”
PM Meloni affirmed Italy’s solidarity, noting:
“Our security is intertwined; we stand united with India in this fight.”
Advancing Green Energy and Tech Collaboration
Italy, a leader in renewables, pledged support for India’s National Green Hydrogen Mission, with potential investments in solar and hydrogen projects. Discussions also covered the India-Middle East-Europe Economic Corridor (IMEC), a transformative trade route Italy may join.
Boosting Cultural and Educational Exchanges
With historical trade ties and a vibrant Indian diaspora in Italy, both leaders agreed to:
– Simplify visa processes for students and professionals
– Promote tourism and academic exchanges
Global Strategic Alignment
The Modi-Meloni talks signal India’s growing influence in shaping global security and economic frameworks. PM Modi reiterated India’s commitment to a rules-based international order, envisioning a “more secure and prosperous world” with Italy.
Key Takeaways
- New terror-financing task force to disrupt extremist funding
- Defense and clean energy partnerships to accelerate growth
- Stronger people-to-people ties through eased mobility
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