Italy is reportedly in talks with India to expand cooperation on port infrastructure, including ship and yacht manufacturing sectors. The discussion encompasses broader areas of blue economy and space exploration, Bloomberg News reported on Saturday, citing Italian Industry Minister Adolfo Urso.
India and Italy share cultural and trade ties dating back centuries, the report cited Mr Urso, who is also Minister of Made in Italy, as saying.
This means the two nations are well placed to build a “Cotton Route” as an alternative to China’s “Silk Route,” investing in ports, logistics, data and information technologies such as undersea cables, he said while speaking to Bloomberg on the sidelines of the Tour Vespucci in Mumbai on Saturday.
On the issue of the potential impacts of the Middle East war on the India-Middle East-Europe Economic Corridor (IMEC), the Italian leader said that “war is all around us in Europe.”
