By: EconomyWatch   Date: 30 June 2010

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The Indo-Italy relationship is growing from time to time. The amount of FDI inflows from the country has reached at US $485 Million from August 1991 to Dec 2005.

The Indo-Italian Cooperation meeting held on 5 June 1996. The Italian side committed 100 billion Italian Lire under this commitment. The following two projects are covered under this programme:

1. Credit Line to NSIC:

50 billion Lire of the committee sum of Lire 100 Billion was given for establishing an open credit line for financing supplies of capital goods and related technical assistance for the development of the Indian Small and Medium Enterprises and was provided to National Small Industries Corporation Ltd. (NSIC).

2. Water Supply and Solid Waste Management Project in West Bengal:

Lire 50 billion is used for financing for which DEA has exchanged a Note Verbale on 5 February 2003 with Embassy of Italy.

Government has revised the policy on bilateral development assistances.



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