Indo-Italian trade target set at 10 bln euros by 2010

New Delhi, Apr 15 (UNI) Indo-Italian trade is set to reach ten billion euros in the next two to three years from the current six billion euros.

''Our target is to increase the trade between India and Italy to more than ten billion euros in the next two to three years from six billion dollars in 2006-07,'' Italian Trade Commission (ICE) Trade Commissioner Giancarlo Lamio told UNI on the sidelines of the Italian Agricultural Technologies Workshop here.

For FY 2007-08, he expects a hike of 44 per cent trade between the two countries, he added.

Technology forms about seventy per cent of the total trade, followed by consumer goods, Mr Lamio said.

A Memorandum of Understandig (MoU) was also signed between industry body FICCI and Italy's National Union of Agricultural, Earthmoving and Gardening Machines Manufacturers UNACOMA for strengthening cooperation in field of agricultural machinery between India and Italy.

Italian Trade Commission is an Italian government organisation for promotion of Indo-Italian industry and commercial co-operation.

UNI MP SR RN1621