Monday, Jun 25 2018 | Time 13:39 Hrs(IST)
image
image
  • Monsoon session to commence from July 18
  • Europe's banks, autos stocks sink as trade dispute deepens
  • Explosion rocks Muzaffarnagar: 4 killed, 3 injured
  • Monsoon rains affect life in Kolkata and major parts of Bengal
  • Governor review meetings : DMK stages walk out from TN Assembly
  • Jaitley compares Indira with Hitler, says most Editors gave in during Emergency
  • Mirwaiz, Geelani under house arrest, Malik detained in Srinagar
  • Heavy rains claim 3 lives in Mumbai, Thane
  • SF launch CASO at two places in Pulwama
  • India denies lowering export quota of essential commodities to Maldives
  • UN chief condemns explosion at election rally in Zimbabwe
  • End of driving ban in Saudi will create more opps for women: UN chief
  • Clashes in Nigeria b/w farmers and herders leave 86 dead
  • Turkey election: Erdogan wins re-election as president
  • Amit Shah lashes out at Congress for imposing Emergency in 1975
States Share

Italy willing to direct its additional growth potential in India to WB

Kolkata, Jan 12(UNI) India receives only 0.69 per cent (around 2 billion USD stock) of Italy’s total outbound FDI, and any additional growth in FDI in India can be directed to West Bengal, Mr. Damiano Francovigh, the Consul General of Italy in Kolkata said in a press conference here today.
“There is a huge potential for growth of our investments in India in the next years,” he said while briefing the media about Italian delegation that will attend the Bengal Global Business Summit(BGBS) 2018 to be held on 16th and 17th of this month.
“What we hope is that this additional growth potential will be directed to WB and initiatives like the BGBS are very helpful to that aim because contribute to make Bengal better known in the Italian business environment,” the Consul General said.
With a multi-sector delegation with more than 30 companies attending the BGBS, Italy is hoping to increase its investment in West Bengal.
“There are more than 400 Italian companies operating in India but, in the past, they have mainly decided to invest in other parts of the country. In West Bengal, we currently have some JVs between Italian and local companies and 100 per cent Italian investments operating in the manufacturing, food and chemical sector.
“We are confident that more Italian companies will be now interested in opening a presence in WB, following the efforts put by the State to improve the local business environment and foster investment attraction,” Mr. Francovigh.
The Italian delegation headed by Italian Ambassador, Mr. Lorenzo Angeloni, also marks the 70th anniversary of the establishment of diplomatic relations between Italy and India.
UNI AND SJC
More News
Heavy rains claim 3 lives in Mumbai, Thane

Heavy rains claim 3 lives in Mumbai, Thane

25 Jun 2018 | 1:27 PM

Mumbai, June 25 (UNI) Incessant rains lashing Mumbai since Sunday has claimed three lives.

 Sharesee more..

Explosion rocks Muzaffarnagar: 4 killed, 3 injured

25 Jun 2018 | 1:21 PM

Muzaffarnagar, Jun 25(UNI) Four people were killed and three others injured in an explosion that occurred at a shop of a scrap dealer on Kachhi Sadak in the city on Monday.

 Sharesee more..

Monsoon rains affect life in Kolkata and major parts of Bengal

25 Jun 2018 | 1:16 PM

Kolkata, Jun 25 (UNI) Life by and large was today affected across West Bengal with monsoon rain pounding since morning inundating city's several low lying areas and swelling rivers in north Bengal threatening many families to look for safe shelter, official sources said.

 Sharesee more..
Yaseen Malik detained to foil protest march in Srinagar

Yaseen Malik detained to foil protest march in Srinagar

25 Jun 2018 | 1:13 PM

Srinagar, June 25 (UNI) To foil protest march in summer capital of Srinagar, police on Monday detained separatist leader Mohammad Yaseen Malik.

 Sharesee more..
Eight held for assaulting two in Assam village

Eight held for assaulting two in Assam village

25 Jun 2018 | 1:11 PM

Guwahati, Jun 25(UNI) In an apparent case of moral policing in Assam, a man and a woman were tied up and beaten by villagers of Zumurmur, under Kampur police station, in central Assam's Nagaon district, police sources said here today.

 Sharesee more..
image