Guest
Welcome, Guest

Login/Register

Bookmark Bookmark

India, Italy to set up fast-track mechanism to facilitate investment

A fast-track system would be set up for companies and investors of India and Italy to facilitate investment proposals in both the countries, the Commerce and Industry Ministry said.


"In order to facilitate Italian companies and investors in India and Indian companies and investors in Italy, it has been decided to establish fast-track system for companies and investors of both the countries," the ministry said in a statement.


The key objectives of the system in India will be to pave the way for and identify and solve problems faced by Italian companies and investors with their operations in India.


It will also serve as a platform for discussing general suggestions from the point of view of Italian companies and investors with regard to ease of doing business in India.


The Department for Promotion of Industry and Internal Trade (DPIIT), under the ministry, will represent Indian side in this system.


The department will facilitate the participation of other relevant ministries and authorities on a case by case basis.


It said that the Italian Embassy in India in close cooperation with the Italian Trade Agency and relevant ministries in Italy will represent the Italian side of this system in India.


The fast-track system will be reviewed twice a year at the level of secretary, DPIIT and Italian Ambassador in India.


About Itlay


Capital- Rome


Currency- Euro


President- Sergio Mattarella

You might be interested:

MP government, institutes sign MoU with Cambridge Assessment English to develop language skills of students

A department of the University of Cambridge that lays down tests for those learning English signed Memorandums of Understanding with the Madhya Pradesh government and private institutions in the state ...

a month ago

Tata most valued brand; LIC second and Infosys third

A full 37 percent accretion to its brand value at USD 19.6 billion has helped the Tata group retain the top slot in the 100 most valuable brands list for the second consecutive year in 2019, which als ...

a month ago

Zakir Hussain, Sonal Mansingh among 4 selected for Sangeet Natak Akademi Fellow

The Sangeet Natak Akademi has named four eminent personalities in the field of performing arts - tabla virtuoso Zakir Hussain, dancer Sonal Mansingh, dancer and choreographer Jatin Goswami and Bharatn ...

a month ago

Christine Lagarde resigns as IMF Managing Director

Christine Lagarde said she will resign as the Managing Director of the International Monetary Fund with effect from September 12 after helping its members navigate an unprecedented set of challenges, ...

a month ago

One Liners of the Day, 17 July 2019

Economy For non-compliance with norms related to NPA identification and fraud risk management, the Reserve Bank of India has slapped a penalty of Rs 7 crore on – State Bank of India (SBI). ...

a month ago

Kalraj Mishra appointed Himachal Pradesh Governor, Acharya Devvrat shifted to Gujarat

Senior BJP leader Kalraj Mishra has been appointed as the Governor of Himachal Pradesh, replacing Acharya Devvrat, who has been transferred and appointed as the Governor of Gujarat. A Rashtrapati Bhav ...

a month ago

Provide your feedback on this article: