Italian exports to India

Italian exports to India increased from US$ 814 million in 1997-98 to US$ 1088 million in 1998-99 but ever since then, Italian exports to India have been decreasing consistently. In 2000-01, Italian exports to India had dwindled to US$ 714 million and to US$ 406 million in 2002-03.

The main items exported by Italy to India are:

• Machinery and capitals goods
• Medium oil and gas oil
• Non-electrical equipment
• Engineering items
• Precision tools
• Metallurgical products
• Chemical and pharmaceutical products
• Iron and steel laminates

The Italian textile machinery manufacturers will be investing in the Indian market with their products of spinning, weaving, knitting, finishing. In 2006, Italian machinery exports to India were about € 117 million. The following are the machineries that India imports from Italy:

• Weaving machines
• Spinning machines
• Finishing machines

Semi-finished goods are slowly making their way into the list of commodities exported to India by Italy. Fiat Auto and Tata Motors are moving ahead for manufacturing car parts together.

CNH specializes in the manufacture of agricultural equipment and have formed a subsidiary in India. Complete outreach is in rapid progress which was initiated by New Holland Tractors (India) Private Limited. Back in 1998, this company had entered into the Indian market and since then the company's has already manufactured its engines in 55-75 HP range under license from IVECO.achieving 90% credibility in India.

Expo Riva Schuh is a trade exhibition for shoes which will focus on the Indian market and it will aim at increasing purchase of leather products. The chief machinery among the Italian exports coming to India are:

• Apparatus
• Electrical appliances
• Electrotechnics
• Metallurgy
• Precision instruments
• Tools

Other areas of trade would be retail food which Italy has already beginning to master with regard to the process involved:

• Logistics
• Refrigeration
• Packaging

Newer avenues of trade and commerce are opening up between India and Italy and as a result, the governments of both countries are hopeful that Italian exports to India will surge in the near future.