Italy sets up special fund for trade promotion with India

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Bangalore, Feb 6 (UNI) Sensing a chance to promote trade with India, the Italian Government has set apart a special fund of ten million Euros for trade promotion, Erica Di Giovandarlo, Italian Trade Commissioner in India said today.

Speaking to newspersons at Stona-2008, the International Stone Fair, here, she said Italy saw an attractive market in India in view of its booming economy.

''We want higher bilateral trade and Italy is looking at increasing its exports in machinery, marbles, fashion and cinema.

Our government has recently set up a ten million Euro fund for the trade commission to take up various programmes, including joint ventures, expos and training programmes,'' she added.

Ms Giovandarlo said Italy was bullish on the growth of Indian economy, especially its granite and stone Industry. The EU member was the largest exporter of marble to India, which constitutes 70 per cent of the country's imports.

''Italy is the global leader in stone technology and we are keen to associate with Indian granite and stone Industry through greater synergy. To this effect, we would soon set up Integrated Stone-tech Parks to help India realise its full potential in this space,'' she said.

India had emerged as the third largest buyer of Italian stone technology after the US and Spain spending 59 million Euro, registering a 69 per cent growth from the year 2005. India's import of raw materials, mainly Italian marble had seen a rise of about 70 per cent, she said.

Italian companies were showcasing the products in an exclusive pavilion at Stona-2008 under Italian Association of Makers and Users of Machinery and Equipment. Top companies like AMS group, Barsanti Macchine, Essegra, F lli Poggi, GDA Marmi e Graniti, HTM Group, MD Dairo, Michielotto Gru and Services, Tesimag and Ultamatic were showcasing their products, she added.

The Italian Film Commission would organise an exhibition in Mumbai to promote joint ventures in Indian films.

''We are also promoting the picturesque and historic locations in Italy, which can be a very attractive proposition to Indian cinema producers. This includes seaside locations of Sicily and Sardinia, historic places like Rome and Florence and Como surrounded by beautiful lakes,'' she said.

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