Italy Inc's investment here declines
Capital investment from Italy in India dipped nearly 60% to euro 23.2 million during January-June 2007 from euro 55.1 million in the corresponding period in 2006.
By TNN |
KOLKATA: Capital investment from Italy in India dipped nearly 60% to euro 23.2 million during January-June 2007 from euro 55.1 million in the corresponding period in 2006. A lack of interaction between entrepreneurs of the two countries could be one of the reasons for this decline, feels new Italian consul general in Kolkata, Bruno Campria.
“The investment flows between the two countries are not at all encouraging.
There is a general lack of bilateral contacts between entrepreneurs in the two countries,” Mr Campria said on Tuesday, at an interactive session organised by the Bengal National Chamber of Commerce & Industry (BNCCI).
The consul general said entrepreneurs in Italy want to explore investment opportunities in India, especially opportunities and facilities thrown up by the special economic zones (SEZs). He said they were looking to take advantage of the tax concessions and other sops offered at SEZs.
“In general, free economic zones attracts investments. However, we are here not only to explore investment opportunities in India, but also to attract Indian investment to Italy,” Mr Campria said. India’s direct investment in Italy was less than euro one million in the first six months of 2007.
Mr Campria said food processing and leather are two major attractions for Italian investors.
“The investment flows between the two countries are not at all encouraging.
There is a general lack of bilateral contacts between entrepreneurs in the two countries,” Mr Campria said on Tuesday, at an interactive session organised by the Bengal National Chamber of Commerce & Industry (BNCCI).
The consul general said entrepreneurs in Italy want to explore investment opportunities in India, especially opportunities and facilities thrown up by the special economic zones (SEZs). He said they were looking to take advantage of the tax concessions and other sops offered at SEZs.
“In general, free economic zones attracts investments. However, we are here not only to explore investment opportunities in India, but also to attract Indian investment to Italy,” Mr Campria said. India’s direct investment in Italy was less than euro one million in the first six months of 2007.
Mr Campria said food processing and leather are two major attractions for Italian investors.
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