Online edition of India's National Newspaper
Monday, Dec 10, 2007
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Online edition of India's National Newspaper Monday, Dec 10, 2007 ePaper |
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Tamil Nadu
CHENNAI: The bilateral trade between India and Italy was $5 billion in 2006 and it is expected to double within the next three years. A high-level delegation comprising representatives from 14 Italian universities are in the city scouting for researchers, skilled workforce and direct investment from India to achieve this goal. To explain the strength and offerings by the Italian companies, the Indo-Italian Chamber of Commerce and Industry (IICCI) conducted a workshop on “the new search for competitiveness” here on Friday for students and captains of the Indian industry. Presenting the Italy’s perspective, Mauro Battocchi, Head of the Division for Trade and Investment Support, Department of Economic Affairs, Rome, said Italy was a manufacturing economy and it would remain that way to distinguish itself from other European nations which concentrate on services. The Italian government has drawn up a blue print ‘Industry 2015’ to offer niche products to the world and to remain competitive. “We need investment, trade, researchers, skilled workforce and innovative products from Indian companies. On the other hand, we would offer strong manufacturing skills to help India to turn into world’s workshop, large supplier market for Indian hi-tech company and enable them to reach European consumers and to carry out research,” he said. According to him, India can offer technology to upgrade Italian manufacturing system, its ever expanding market for Italian products and technology to develop hi-tech niches. “Most of the Indian students prefer to study in the United States, United Kingdom or in Germany. But after learning about the courses and fee structure they have started to make a beeline to Italy. As of now, we have only 400 Indian students and we want this number to rise by 10 times in the immediate future,” Mr. Battocchi told The Hindu. Kumar Jayant, Tamil Nadu Industrial Development Corporation (TIDCO) Executive Director presented the India’s perspective and how Tamil Nadu can offer its expertise in the field of auto components, electronics hardware and IT.
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