The signing of a free trade agreement between India and the European Union would contribute to the expansion of economic ties between the region and New Delhi. Sanjiv Puri, Vice President CII and Chairman and Managing Director of ITC Ltd, emphasised that the signing of the India-EU free trade agreement could be a catalyst for further strengthening the India-Italy relationship, according to a statement from the commerce ministry.

On April 13, he spoke at the CEOs Business Interactive session, which was co-hosted by the Confederation of Indian Industry (CII) and Confindustria.

He was here with Commerce and Industry Minister Piyush Goyal.

Goyal met with the CEOs of several major Italian companies, including SOL, SpA, Piaggio, CIBJO, Nayara Energy, and Enel Green Power.

The minister briefed them on India's investment climate, policy reforms, and the potential for investing and expanding in India.

According to the statement, the CEOs informed the minister that they were considering expanding operations in India to cater to Indian markets as well as exports.

This will not only result in increased production and employment, but will also increase India's exports, according to the report.