Modi and Meloni cement a strategic pact, eye €20 billion trade by 2029
India and Italy have upgraded their relations to a special strategic partnership, aiming to increase bilateral trade to €20 billion by 2029. Prime Minister Modi and Italian Premier Meloni emphasized the importance of cooperation in various sectors, including defense, technology, and energy. They also expressed concerns over global conflicts and the need for diplomatic solutions to ensure peace.
- ▪Modi and Meloni held talks to strengthen cooperation amid geopolitical turbulence.
- ▪The two leaders agreed to leverage the upcoming India-EU free trade agreement.
- ▪They emphasized the importance of freedom of navigation in the Indo-Pacific and the Mediterranean.
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Modi and Meloni cement a strategic pact, eye €20 billion trade by 2029Meloni underlined the importance of Italy and India working together to promote freedom of navigation in the Indo-PacificPublished on: May 20, 2026 10:24 PM ISTBy Rezaul H LaskarShare viaCopy link India and Italy upgraded their relations to a special strategic partnership and pledged to expand two-way trade to €20 billion by 2029 as Prime Minister Narendra Modi and his Italian counterpart, Giorgia Meloni, held talks to strengthen cooperation to bolster the rules-based order amid conflicts and geopolitical turbulence.Italian Premier Giorgia Meloni, right, and India's Prime Minister Narendra Modi leave after making statements following their meeting at Villa Pamphili in Rome, Wednesday, May 20.
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