India has gained strong support from global investors during Commerce and Industry Minister Piyush Goyal’s visit to Italy. Several leading Italian companies announced plans to expand their presence and increase investments in India.
Carraro Group, a major Italian automotive components maker, announced an ambitious expansion in India. The company will invest €350 million over the next five to seven years, nearly doubling its current investment.
“We have invested around €200 million in India and currently employ 1,600 people. We want to increase our investment to €350 million in the next 5–7 years,” said Enrico Carraro, Chairman of the Carraro Group.
Francesco Sequi, CEO of Carraro India, highlighted the market’s strong potential.
“Investing in India has helped our business grow. Our India operations have a huge scope. The Indian government is very supportive,” Sequi said.
UFI Filters & Toschi Vignola Commit To Expansion
UFI Filters, a key player in filtration and thermal management, also announced it would double its investments in India. The company aims to meet growing demand and support local manufacturing.
Chairman Giorgio Girondi, after meeting with Minister Goyal, shared his optimism. He confirmed aggressive targets and praised India’s market environment.
Adding to the momentum, Toschi Vignola, an Italian speciality food company, committed to scaling up its India operations.
CEO Stefano Toschi cited India’s population and economic growth as key factors.
“India is our main focus for the future. The market is growing. The population is young and large,” he told ANI. “Indians love traditional food but are also exploring Western tastes. That’s a big opportunity for us,” he added.
Toschi noted the strong diplomatic relations between India and Italy.
“India is a growing economy. Good ties between the two countries help our business,” he said.
Toschi Vignola, known for its black cherry products, has over 400 items in its portfolio. These include fruit preserves, syrups, spirits, and coffee solutions.
The brand has a presence in more than 80 countries and serves bars, restaurants, ice cream parlours, and bakeries.
India-Italy Trade Ties Get A Boost
These developments during the two-day visit underline deepening India–Italy trade ties. Minister Goyal’s meetings with top Italian CEOs played a key role in attracting fresh commitments.
Besides Girondi and Toschi, he met Marco Nocivelli (CEO, ERTA Refrigeration), Enrico Carraro (Chairman, Carraro Group), Daniele Forni (Managing Director, SOL Group), and Laura Tarquinio (CEO, iMoon Lightning Srl).
Their announcements offer a major push to India’s ‘Make in India’ and self-reliant manufacturing goals. They will also help create jobs and promote technology transfers.
The visit highlighted India’s rising global profile. Italian companies see India as a strong strategic partner. The latest investment wave marks a new phase of industrial collaboration.
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