India received strong support from global companies and investors during Commerce and Industry Minister Piyush Goyal's visit to Italy. Several major Italian companies announced their plans to expand in India and increase their investments.

During a meeting with the Commerce Minister, Carraro Group, an Italian automotive components manufacturer, shared its expansion plans. The company committed to investing 350  million euros in India over the next five to seven years. This nearly doubled its current investment base in the country.

Carraro Group Chairman Enrico Carraro said, "We invested around 200 million euros in India and currently employ 1,600 people. We want to increase our investment to 350 million euros in the next 5-7 years."

Francesco Sequi, CEO of Carraro India, spoke about the company’s progress in the Indian market. He said, "Investing in India has seen large growth for our business. Our business in India has a big space to grow. The Indian government is very helpful."

UFI Filters, a company known for filtration and thermal management technologies, also announced plans to double its investment in India. The company aimed to meet growing demand and support local manufacturing.

Chairman Giorgio Girondi expressed confidence in the company’s Indian operations. He shared this after his meeting with the Commerce and Industry Minister.

Stefano Toschi, CEO of Italian speciality food company Toschi Vignola, announced plans to expand operations in India. He said the company would leverage India’s growing economy and changing food habits.

Toschi told ANI, "India is our main focus for the future, based on the growth and population of the country." He added, "India has love for traditional food, but Indians are also looking for Western foods, and that is the opportunity for companies like us. India is a growing economy. The relationship between India and Italy is good for our business". He said that India’s strong economic growth and the good diplomatic relationship between India and Italy created a strong business environment.

Toschi Vignola’s flagship black cherry products include over 400 product references. These span fruit preserves, syrups, spirits and coffee solutions. The company established a strong global presence. It served bars, restaurants, ice cream shops, and pastry businesses in over 80 countries.

These developments took place during Piyush Goyal’s two-day visit to Italy. The visit highlighted the growing trade and investment ties between India and Italy. Goyal held high-level meetings with top CEOs that helped bring new investments into India.

Goyal met several leading CEOs in Italy. These included Giorgio Girondi; Stefano Toschi of Toschi Vignola; Marco Nocivelli of ERTA Refrigeration; Enrico Carraro of Carraro Group; Daniele Forni of SOL Group; and Laura Tarquinio of iMoon Lightning Srl.

These investment announcements will boost India’s ‘Make in India’ and self-reliance goals. They also supported job creation and technology transfer.