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

The fast-track system will be reviewed twice a year at the level of Director General for Internationalization and Trade Promotion, Ministry of Economic Development, Italy and Indian Ambassador in Italy.The Indian Embassy and Ministry of Economic Development, Italy will meet on the working level at shorter intervals as and when required to review the progress achieved.
Arjun Manjunadha

Updated: Jul 17,2019 12:21:41 pm

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

17 July 2019 Current Affairs:A fast-track system made by the companies and investors of India.
Italy decides to make investment proposals in both countries.
The main aim is to facilitate Italian companies and investors in India.
Indian companies and investors in Italy decided to establish a fast-track system for companies and investors of both countries.
The key objectives of the system in India to pave the way to identify and solve problems faced by Italian companies and investors with their operations in India. 
They serve as a platform for discussing general suggestions from the point of view of Italian companies and investors. 
The Department for Promotion of Industry and Internal Trade (DPIIT), under the ministry, will represent the Indian side in this system. 
The department will facilitate the participation of other relevant ministries and authorities on a case by case basis. 
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.

About Italian Trade Agency
Italian Trade Agency is responsible agency to pursue and monitor individual cases. 
They will be constantly reviewed by Ministry of Economic Development, Italy.
The Indian Embassy in Italy in close cooperation with DPIIT and the relevant Ministries in India will represent the Indian side of this system in Italy.
A continuous updated list of relevant concerns of Indian companies and investors in Italy will be prepared by the Indian Embassy and form the basis of the fast – track system in Italy.
The fast-track system will be reviewed twice a year at the level of Director General for Internationalization and Trade Promotion, Ministry of Economic Development, Italy and Indian Ambassador in Italy. 
The Indian Embassy and Ministry of Economic Development, Italy will meet on the working level at shorter intervals as and when required to review the progress achieved.
Free Current Affairs to Your Email

Latest Current Affairs 2020

Daily Current Affairs 2020



Subscribe to Current Affairs

Enter your email to get daily Current Affairs
Current Affairs PDF

Current Affairs 2020 January

January 26
News Quiz
January 25
News Quiz
January 24
News Quiz
January 23
News Quiz

Current Affairs 2019 December

December 31
News Quiz
December 30
News Quiz
December 29
News Quiz
December 28
News Quiz

Current Affairs 2019 November

November 30
News Quiz
November 29
News Quiz
November 28
News Quiz
November 27
News Quiz