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India and Italy have elevated their bilateral relationship to a “Special Strategic Partnership”, outlining a broader framework for cooperation across trade, defence manufacturing, logistics connectivity, critical minerals and supply chain resilience. The announcement followed talks between Prime Minister Narendra Modi and Italian Prime Minister Giorgia Meloni in Rome.
As part of the agreement, both countries set a target of increasing bilateral trade to €20 billion by 2029 from current levels of around €14 billion. The two sides also approved a defence industrial roadmap aimed at expanding co-development and co-production initiatives in sectors including naval systems, aerospace and advanced manufacturing.
The discussions placed significant emphasis on connectivity and supply chain security, particularly through the proposed India-Middle East-Europe Economic Corridor (IMEC). Italy, viewed as a key European gateway in the corridor project, is expected to play a larger role in strengthening maritime trade links, port connectivity and energy transport networks between India and Europe.
Both governments also signed agreements covering critical minerals, maritime transport, agriculture, financial crime prevention and scientific cooperation. The critical minerals pact is expected to support long-term sourcing and processing partnerships tied to clean energy technologies, electronics manufacturing and strategic industries.
In a joint statement, the leaders highlighted the importance of resilient global value chains amid geopolitical disruptions and changing trade patterns. Italy has increasingly positioned India as a strategic economic partner as European nations seek to diversify manufacturing and sourcing networks beyond traditional supply bases.
The visit also resulted in discussions on expanding cooperation in ports, green energy, advanced technology, mobility of skilled workers and higher education. Officials from both countries indicated that the India-Italy Joint Strategic Action Plan 2025–2029 will serve as the operational roadmap for implementing the agreements signed during the visit.
Modi’s Italy visit marked the final leg of his multi-country Europe tour and his first standalone bilateral visit to Italy in more than two decades. The upgraded partnership reflects growing alignment between India and European economies on trade diversification, industrial cooperation and strategic infrastructure development.
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Prime Minister Narendra Modi arrived in Kyrgyzstan on Sunday to attend the 26th Shanghai Cooperation Organisation (SCO) Summit, where leaders are expected to discuss regional security, economic cooperation and ways to deepen engagement among member countries. Modi travelled to Bishkek at the invitation of Kyrgyz President Sadyr Zhaparov, following the conclusion of his two-day state visit to Uzbekistan. His participation at the summit comes as the SCO marks 25 years of its existence and as India continues to strengthen its economic and connectivity links with Central Asia. The summit will bring together leaders of SCO member states for discussions on regional and international developments and on expanding cooperation within the grouping. For India, the meeting provides an opportunity to advance its engagement with Central Asian economies, including on trade, transport connectivity and infrastructure. Modi's Kyrgyzstan visit follows a series of agreements reached during his Uzbekistan trip. India and Uzbekistan upgraded their relationship to a Comprehensive Strategic Partnership and agreed to cooperate across areas including trade and investment, infrastructure, digital public infrastructure, artificial intelligence, critical minerals, energy, agriculture, pharmaceuticals and space. The two countries have also set an objective of increasing bilateral trade to $5 billion by 2030, compared with more than $1 billion currently. Improving market access, connectivity and banking and payment mechanisms has been identified as part of the effort to expand commercial ties. For the logistics and supply-chain sector, deeper engagement with Central Asia is particularly relevant as India seeks greater access to markets in the region and improved trade corridors connecting the country with landlocked Central Asian economies. Infrastructure and connectivity remain important factors in determining the cost and reliability of such trade. Follow CARGOCONNECT for more such updates.
Nestlé India has elevated Jaikishan Gianani to the position of Head of Procurement for the South Asia region, effective 1st August 2026. Gianani brings extensive experience across procurement, supply chain operations, commodities and sustainability to the new leadership role. His career at Nestlé has included responsibilities spanning strategic sourcing, raw material procurement, packaging procurement, factory supply chain and supply chain projects. Over the years, he has worked across a broad range of procurement categories, including oils and fats, coffee, chicory, tea and other agricultural commodities. He has also handled global commodity procurement responsibilities covering regions across Asia, Africa, the Middle East and Oceania. Gianani holds an MBA from S.P. Jain Institute of Management & Research and a B.Tech degree from the National Institute of Technology, Durgapur. His experience extends beyond conventional sourcing. During his tenure as Head of Packaging Procurement and Lead for Sustainable Packaging in South Asia, he was involved in initiatives focused on packaging optimisation, recyclability and reducing the use of virgin plastic. His operational exposure also includes leadership of supply chain activities at Nestlé’s Nanjangud and Choladi factories, followed by a corporate procurement role. More recently, he has been associated with procurement of agri commodities and food ingredients at Nestlé. The new assignment places Gianani at the centre of Nestlé’s procurement agenda for South Asia, where supplier partnerships, commodity risk management, cost efficiency, sustainability and supply resilience remain important priorities. His experience across strategic sourcing and end-to-end supply chain functions is expected to support the company’s procurement objectives in the region. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
India's e-commerce exports have the potential to grow by an additional USD 10 billion over the next two to three years, supported by the country's large base of micro, small and medium enterprises (MSMEs) and increasing adoption of cross-border digital trade, according to a senior official from the Directorate General of Foreign Trade (DGFT). Speaking at an industry event, Rajesh Kumar Mishra, Additional Director General at DGFT, said India is well positioned to expand its presence in global e-commerce exports by leveraging its manufacturing capabilities and growing network of online marketplaces. He noted that while countries such as China generate significantly higher e-commerce export volumes, India has considerable scope to scale up its cross-border trade. The projected growth is expected to be driven primarily by MSMEs, which account for a substantial share of India's manufacturing sector. Digital commerce platforms are enabling these businesses to reach international consumers directly, reducing barriers traditionally associated with overseas trade. Officials also highlighted the importance of strengthening the ecosystem supporting online exports. Efficient logistics, simplified regulatory compliance, digital onboarding, and competitive shipping solutions are expected to play a key role in helping small exporters expand their global footprint. Government-backed logistics providers, including India Post, were identified as important enablers for cost-effective delivery of small consignments to overseas markets. The growth outlook aligns with the government's broader objective of increasing India's export competitiveness through digital trade. As more businesses adopt e-commerce channels, online exports are expected to become an increasingly important contributor to the country's overall export basket, while creating new opportunities for MSMEs to access international markets. Follow CARGOCONNECT for more such updates.
