Several leading Italian companies have pledged significant investments in India following a high-level meeting with Union Commerce and Industry Minister Piyush Goyal in Milan, marking a new chapter in India-Italy economic cooperation.
Executives from key sectors such as commercial refrigeration, aerospace and defence, and technical gases engaged in strategic discussions with Minister Goyal, expressing strong interest in tapping into India’s fast-growing market and bolstering local capabilities.
EPTA Group, a major player in commercial refrigeration, plans to expand its footprint in India through its Bengaluru-based subsidiary. CEO Marco Nocivelli highlighted India’s vast potential, saying, “It’s a big country with a strong growth rate and a tremendous opportunity for us to bring sustainable refrigeration technology.”
EPTA will formally announce its expansion strategy in India later this month, introducing its Costan and IARP brands aimed at enhancing refrigeration solutions across retail, food & beverage, and hospitality sectors.
Minister Goyal described his meeting with Nocivelli as a “pleasure,” noting the alignment between India’s growing retail and cold chain sectors and EPTA’s sustainability-focused offerings.
In the aerospace and defence domain, Poggipolini S.p.A. CEO Michele Poggipolini described the discussions as “very good,” sharing plans to enter the Indian market through strategic partnerships focused on technology transfer and supply chain development.
“We have a great opportunity to take our know-how to India and help elevate its domestic supply chain,” he said. Minister Goyal echoed the potential for collaboration, particularly in manufacturing and innovation.
SOL Group, a multinational leader in technical and medical gases, also explored investment avenues during its meeting with the Minister. General Director Daniele Forni expressed keen interest in expanding SOL’s presence in India across sectors vital to healthcare and industry.
Minister Goyal referred to SOL as a key player in “applied research and production of technical and medical gases,” and highlighted ongoing discussions to enhance the group’s role in India’s industrial and healthcare sectors.
These interactions underscore growing confidence among Italian industry leaders in India’s role as a manufacturing powerhouse and consumer market. The investment interest spans critical sectors India is actively developing — cold chain logistics, defence manufacturing, and industrial gases — and aligns with the country’s efforts to become a central player in global supply chains.
Formal investment announcements are expected in the coming months, with potential for job creation, technology transfer, and increased bilateral trade. The outcomes of the Milan visit signal deepening India-Italy ties and a shared vision for long-term economic collaboration.
