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India is Turkey’s greatest trade partner in South Asia, says Erdogan

Erdogan on Friday arrived in New Delhi for the G20 Summit. He was accompanied by his wife, the first lady of Turkey Emine Erdogan…reports Asian Lite News

Turkish President Recep Tayyip Erdogan on Sunday said India is Turkey’s greatest trade partner in South Asia and the two countries have great potential in the field of economy.

“India is our greatest trade partner in South Asia. And we have great potential to enjoy primarily in the field of economy and many others…” the Turkish President said at a press conference on Sunday.

The Turkish President then thanked India for “a gracious and very successful term of presidency”.

He expressed gratitude to Prime Minister Narendra Modi for the hospitality shown to him, his wife and the entire Turkish delegation.

“I would like to thank PM Modi for the gracious hospitality that was shown to me, my spouse and my entire Turkish delegation,” he said.

He further said: “This year, our theme was one world, one family and one future. And within the first session of the summit, we talked about the environmental challenges that our planet currently encounters. Climate change, the loss of biological diversity and especially there is the dimension of extensive pollution is a trio of challenges which we can feel even more profoundly now…”

The Turkish President further said that any initiative that isolates Russia is bound to fail.

“Its success is a very little possibility. We believe that any step that may escalate the tensions in the Black Sea should be avoided… In order to support global food security and food supply security, we are going to bring together the Food Supply Security Study Group, both Russia, and Ukraine, as well as the United Nations, and with our stakeholders coming from the international community, we are going to have continuous talks…” he said.

Erdogan on Friday arrived in New Delhi for the G20 Summit. He was accompanied by his wife, the first lady of Turkey Emine Erdogan.

He was received by Shantanu Thakur, Minister of State for Ports, Shipping and Waterways of India.

Meanwhile, Prime Minister Narendra Modi on Sunday announced the conclusion of the G20 Summit in New Delhi and proposed to hold a virtual G20 session in November to review the suggestions and proposals made at the premier forum for international economic cooperation.

“As you all know India has the responsibility of G20 presidency till November 2023. In these two days, all of you gave a lot of suggestions and placed proposals. It is our duty to see how faster progress can be achieved on these,” PM Modi said.

“I propose that at the end of November, we hold a virtual session of G20. We can review the topics decided in this Summit, in that virtual session. I hope you all will connect in the virtual session. With this, I declare the conclusion of the G20 Summit,” he added.

Before declaring that the summit had ended, PM Modi handed over the ceremonial gavel of the Group of 20 presidency to Brazil President Luiz Inacio Lula da Silva.

“I congratulate the Brazilian President and my friend Lula da Silva and hand over the gavel of Presidency,” PM Modi said. (ANI)

‘Any effort to isolate Russia is bound to fail’

As the Delhi G20 leaders summit called for the immediate revival of the Black Sea grain initiative to ensure that developing and least developed countries, particularly those in Africa, don’t suffer, Turkiye President Recep Tayyip Erdogan on Sunday said that any initiative to isolate Russia is bound to fail.

Addressing reporters after meeting Prime Minister Narendra Modi after the culmination of the G20 summit, he said: “We believe that any initiative that isolates Russia is bound to fail. Its success is a very little possibility. We believe that any step that may escalate the tensions in the Black Sea should be avoided. In order to support the global food security, food supply security, we are going to bring together the Food Supply Security Study Group, both Russia, Ukraine, as well as the United Nations, and with our stakeholders coming from the international community, we are going to have continuous talks.”

Following an earlier-than-anticipated arrival of a consensus, the Delhi Declaration, adopted at the summit, said that the G20 called for the “full, timely and effective implementation” of the MoU between Russia and the UN on promoting Russian food products and fertilisers to world markets and the Initiative on the Safe Transportation of Grain and Foodstuffs from Ukrainian Ports, or the Black Sea Initiative.

“In this context, emphasising the importance of sustaining food and energy security, we called for the cessation of military destruction or other attacks on relevant infrastructure,” it said.

On July 17, Russia had said that it would be revoking its involvement in the agreement that allowed grain to be moved from Ukraine to Africa and Asia to tackle the food crisis caused by the war, which pushed up prices to eye-watering levels.

Russia had said that it will honour the deal after “the part of the Black Sea deal related to Russia is implemented”.

Meanwhile Erdogan thanked India, saying: “I thank India for a gracious and very successful term of presidency. I would like to thank PM Modi for the gracious hospitality that was shown to me, my spouse and my entire Turkish delegation. This year, our theme was one world, one family and one future. And within the first session of the summit, we had talked about the environmental challenges that our planet currently encounters. Climate change, the loss of biological diversity and especially there is the dimension of extensive pollution is a trio of challenges which we can feel even more profoundly now.”

“India is among our greatest trade partners in Asia and there is huge potential to this partnership,” he added.

On the proposed India-UAE-Europe economic corridor, Erdogan said: “Regarding the corridor, as far as our work regarding the corridor is concerned, first of all, the Gulf countries are included in it. Iraq is also part of it. And opening up a corridor through Turkey would mean the following taking up the Gulf and opening it up all the way into Europe and tying it all the way into Europe.

“Now, regarding such a corridor, particularly United Arab Emirates, Iraq and Turkey are acting sensitively and in a fast manner. We hope to be able to implement this project. We’re working on it, and as we speak, our ministers of foreign relations and ministers of transportation work together. And we will try and work to be able to implement this in the coming couple of months.”

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Wildfires burn 60,000 hectares in Italy this year

Photo taken on July 26, 2021 shows a firefighter battling the wildfire in Sardinia, Italy. (Italian Firefighters/Handout via Xinhua/IANS)

he areas impacted most by the fires are the islands of Sicily and Sardinia, but other parts of southern Italy also experienced uncontrolled blazes…reports Asian Lite News

Wildfires have so far burned more than 600 square km. (60,000 hectares) of land in Italy, more than in all of 2022, Coldiretti, the country’s main agricultural association said.

It said on Friday that the past two unusually dry and hot summers have left water levels in rivers and lakes low, contributing to dry conditions in wooded areas. The areas impacted most by the fires are the islands of Sicily and Sardinia, but other parts of southern Italy also experienced uncontrolled blazes. Most recently, fires torched the eastern part of the Tuscan island of Elba.

The total area impacted by fires is more than three times the size of the city of Milan in northern Italy. Even though the summer of 2022 was affected by drought and heatwaves, the weather this year has been even more extreme with record high temperatures in many parts of the country. The back-to-back heatwaves have also had a cumulative effect, leaving forests more vulnerable.

Police are reportedly conducting multiple investigations into possible arson in some cases of the wildfires, especially those in Sicily and Sardinia. A seven-metre-tall wooden statue called the ‘Dragon of Vaia’ in Trentino, northern Italy, was burnt earlier this week and media reports indicate that police are “almost certain” arson was the case.

On Friday, authorities in Greece said they had arrested 79 people on suspicion of arson in connection with recent fires in that country. In Italy, no arrests have been made so far.

Coldiretti said that in addition to the land lost to fires, the extreme weather events (windstorms, hail, and floods) that have occurred this summer in Italy have had other far-reaching impacts: grape production is expected to be 14 per cent below last year’s already reduced harvest. The country’s pears yields are expected to decrease by 63 per cent, milk production is estimated to be reduced by 20 per cent, and wheat production to shrink by 10 per cent.

Earlier in August, Coldiretti estimated that the damage to the agricultural sector in Italy so far this year would top 6 billion euros ($6.5 billion). In a statement released on Thursday, the group said that part of the fruit produced is unsellable, and that the damage to fruit trees and vegetable production is likely to reduce next year’s harvests even if the weather is less extreme in 2024, since the plants will be in a recovery phase.

According to meteorologists, the hot and dry weather is expected to be pushed away by a cold front moving in from northern Italy. It should reduce temperatures and produce rainfall in much of Italy starting Sunday or Monday. But while the precipitation would likely eliminate the risk of more wildfires, Coldiretti said it would not resolve the medium-term problems caused by the drought and heatwaves.

“Heavy thunderstorms and violent rainfall only aggravate the situation,” the group said in a statement. “They cause mudslides and the dry soil is not able to absorb the excess water.”

The group said the water-related issues would be resolved only if rainfall was “continuous and moderate”.

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Storms expected to break record-setting heatwave in Italy

It is the second consecutive year the country has suffered from a lengthy series of heatwaves and droughts, which have been punctuated by bouts of other types of extreme weather, including hail, lightning, tornadoes, flash floods and wind storms…reports Asian Lite News

The scorching heatwave and drought that have gripped much of Italy this summer are set to give way to rain, hail and flood warnings over the weekend.

Italy has seen record temperatures in multiple cities this summer, resulting in widespread “red alerts” that signify health risks even for young and healthy individuals.

The heat and dry weather have resulted in many wildfires, and the erosion of the country’s glaciers. According to Italy’s main agriculture union Coldiretti, these conditions have cost Italian farmers at least 6 billion euros ($6.5 billion) in damage to crops.

It is the second consecutive year the country has suffered from a lengthy series of heatwaves and droughts, which have been punctuated by bouts of other types of extreme weather, including hail, lightning, tornadoes, flash floods and wind storms.

This weekend, forecasters say much of the country will be hit with intense thunderstorms and hailstorms. Antonio Sano from the weather monitoring site Il Meteo said, “It seems there is very little ‘normal’ weather this summer … The weather goes from one extreme to the other.”

The country has already seen brief but powerful periods of rain, including a series of storms in the Emilia-Romagna region in May, that left at least 15 people dead. Until the weekend, the heatwave is expected to continue undeterred. As of Thursday, the Ministry of Health said that 17 of the country’s 27 largest cities — including Rome, Milan and Florence — were under “red alert” for heat.

Meanwhile, four others were classified as “orange,” meaning the temperatures represented a health risk for the elderly and those in poor health. The number of cities under “red alert” status will rise to 19 on Friday.

However, by Sunday, temperatures across parts of the north and most of the central and southern parts of the country will be impacted by what Sano called a “thermal collapse,” created by weather systems from northern Europe. Nighttime temperatures will drop by around 10 degrees Celsius in much of the country.

ALSO READ-Italy hit by third major heatwave this summer

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Italy hit by third major heatwave this summer

Italy’s main agriculture union Coldiretti said Monday that this year is already the third-hottest in Italy since record-keeping began in 1800, while last year was the hottest…reports Asian Lite News

Italy is in the grip of its third major heatwave of this summer, as the hottest two-year period on record continues in the country.

The Ministry of Health said Monday that by mid-week, 17 of Italy’s 27 largest cities will be on “red alert” for heat. A new record of 20 out of 27 cities was set in July.

The cities currently set to be put on red alert by Wednesday include Bologna, Florence, Milan, Naples, Rome and Turin. A dozen cities were already on red alert as of Monday.

Temperatures in cities across central and southern parts of the country are expected to surpass 40 degrees Celsius in the coming days. It is the third time since June that temperatures are set to exceed this level on a wide scale.

A “red alert” means that even young people in good health are at risk during the hottest part of the day.

Italy’s main agriculture union Coldiretti said Monday that this year is already the third-hottest in Italy since record-keeping began in 1800, while last year was the hottest.

Although the heatwaves in 2022 were longer, this year’s heatwaves have been more intense, setting record temperatures in dozens of cities. Last month was the hottest July ever recorded in Italy.

This year has also seen more intense weather-related events: in its report released last week, Coldiretti said that so far this year, Italy has experienced an average of nearly 11 extreme weather events per day. This has caused at least 6 billion euros (6.5 billion U.S. dollars) worth of damage in the agricultural sector alone.

In addition to high temperatures, extreme weather events have included hailstorms, tornados, flash floods, and wind storms.

Elsewhere, the Italian weather website Il Meteo reported that a new “zero point” – the altitude at which the temperature falls to zero degree Celsius – has been recorded at 5,328 meters. The new record was set above the Novara Cameri radio-sounding station between Sunday night and Monday morning.

Previously, the record zero point was at 5,298 meters, in Switzerland. The new higher “zero point” means that the glaciers will melt further, Il Meteo said.

Nevertheless, the latest heatwave is expected to be shorter than the previous two in July. Cool weather from northern Europe is expected to move in and bring down temperatures in most areas by as much as 10 degrees Celsius by the weekend.

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‘India-Italy to cooperate closely on strategic, sensitive sectors’

The Italian envoy added that they are looking forward to cooperating on the ‘Make in India’ mission in different sectors, and added that discussions will take place in near future…reports Asian Lite News

Describing the current moment as a significant progress in the collaborative relationship between India and Italy,Italian Ambassador to India, Vincenzo De Luca said on Thursday that the two countries are set to engage in more comprehensive cooperation in strategic and sensitive sectors.

The occasion was marked by the Italian Navy’s recently commissioned ship, the Francesco Morosini patrol vessel, currently docked in Mumbai harbor as part of its maiden voyage after it started its first sail in April this year.

The Italian envoy along with the ship commander Giovanni Monno held a press conference in Mumbai, where they emphasised enhancing India-Italy ties.

Addressing a press conference, the Italian envoy said, “This is a great honour and pleasure. This is one of the flagships of the Italian Navy. In this period, there has been enhancement in the relationship between Italy and India”.

“In March this year, a bilateral summit was held between the two Prime Ministers — Narendra Modi and Georgia Miloni — for the first time we elevated our diplomatic partnership to the strategic level,” he added.

Luca further said that under the strategic partnership,  India and Italy  will cooperate more closely in the strategic and sensitive sectors

“Strategic partnership means that India and Italy will cooperate more closely in the strategic and sensitive sectors, from defence to cyber to space, advanced technology, emerging technology. This is really a leap forward in the partnership between the two countries. Today, is the celebration of this partnership by the visit of Francesco Morosini petrol vessel to India,” he said.

The Italian envoy added that they are looking forward to cooperating on the ‘Make in India’ mission in different sectors, and added that discussions will take place in near future.

“We are looking to co-operate in ‘Make in India’ mission of India specially in torpedo, Helicopters, Electronic warfare, sectors. Soon, MoUs in defence sectors will be signed by the two Defence ministers,” Luca said.

He added, “We will not discuss these strategic partnerships on the sidelines of G20, as there is no opportunity for Defence Ministers, but we will do this in the near future”.

Notably, Italian PM Giorgia Meloni was on her maiden visit to India in March this year.

Both leaders underscored their firm commitment to democracy, freedom, human rights and the rule of law as key values in promoting peace, stability and development. They welcomed the high degree of convergence in the political, economic and strategic interests of the two countries that provides an enduring basis for a long-term relationship. (ANI)

ALSO READ-Italy honours Indian Army’s contribution in World War II

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Food Lite Blogs Restaurant Reviews

64 Old Compton Street offers affordable Italian delights

A family run restaurant dedicated to providing incredible food at incredible prices, their set menu boasts a variety of sensational dishes built around fresh, seasonal produce and has customers coming back on a daily basis. Their à la carte menu is a favourite with their regulars and tourists alike. A feature by FnB columnist Riccha Grrover for Asian Lite International. 

“40 is the urbane older brother, a soho icon, who’s been around for a while and knows where the party’s at, while 64 is the cool little sister who’s new on the scene, made a debut this summer, but intends to make her presence felt. I hope people will love them equally!” – Nima Safei, owner. 

For the last 20 years, family-run Italian restaurant 40 Dean Street has been captivating customers, with the likes of Brad Pitt, Rupert Everett and Princess Beatrice among its legions of fans. Now this beloved Soho mainstay has announced a new addition to the family – 64 Old Compton Street.

The latest venture by Nima Safei, himself a much-loved local legend, that opened its doors on 3rd July 2023 is just a two-minute walk away from 40. Like its famous sibling, 64 also transports diners to the heart of Italy with its thoughtfully crafted, purse-friendly dishes. That said, this new restaurant has a very distinct personality.

Guests are greeted with a bold red exterior design that hints at the mischief within.  The dining room, with its dark blue hues and antiques, half hidden from view by a café curtain, is intimate and a little decadent, rather like Soho itself.

The menu is divided into three sections: cold, fritti & baked; pizzas & salads and pasta, risotto & oven. Sure to become favourites amongst locals and visitors alike will be a line-up of homemade pastas – think rich and indulgent pappardelle ragu and creamy spinach ravioli with ricotta truffle & mushrooms – pizzas, with mushroom & truffle a particular standout, and devilishly moreish piadina bread with Parma ham, mozzarella, rocket & pesto.

This gorgeous fare is complemented by an equally carefully curated cocktail collection, featuring both in-house creations such as Refuel Martini – a beguiling blend of watermelon juice, sugar syrup and Stolichnaya – and all the classics. A concise but mighty wine list meanwhile focuses primarily on Italian vintages.

The service is extraordinary, the vibe is charming, the interiors are luxe, the portion sizes are generous, the music is upbeat, the atmosphere is relaxed and comfortable not to forget the food taste which is exceptionally great. This restaurant is the pinnacle of affordable and classy dining in busy soho. Highly Recommended! 

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Italy honours Indian Army’s contribution in World War II

This was a tribute to the Indian troops who fought during Italian Campaign during the Second World War….reports Asian Lite News

Remembering the supreme sacrifices of the Indian soldiers, the Commune of Monotone (in Italy) and Italian Military historians have unveiled “VC Yeshwant Ghadge Sundial Memorial” at Montone (Perugia, Italy), informed the Ministry of Defence.

This was a tribute to the Indian troops who fought during Italian Campaign during the Second World War, and to honour Naik Yeshwant Ghadge, Victoria Cross, who was killed in action fighting on the heights of Upper Tiber Valley.

Neena Malhotra, Ambassador of India in Italy and the Indian Defence Attaché represented India during the ceremony. A large number of Italian citizens, distinguished guests and members of the Italian Armed Forces also graced the occasion, read a press release of the Ministry of Defence.

Indian Soldiers played a central role in the Italian Campaign during the Second World War, wherein more than 50,000 Indian Army soldiers from the 4th, 8th and 10th Divisions were involved.

Out of the 20 Victoria Crosses awarded in Italy, six were won by Indian soldiers. Indian soldiers suffered 23,722 casualties, of which 5,782 Indian soldiers made the supreme sacrifice, and are commemorated in the 40 Commonwealth War Graves spread all over Italy, the release added.

In order to make this memorial a participative endeavour, an Indian Army plaque has been placed at the memorial commemorating the gallant sacrifice of all ranks of the Indian Army who fought in the Italian Campaign.

The memorial is in the form of a live Sundial. The motto of the memorial is “Omines Sub Eodem Sole” which translates in English as “We all live under the same sun”.

The inauguration of this Memorial honouring the contributions during the Italian Campaign is a testimony to the fact that Italy holds in high reverence the supreme sacrifices and contributions of the Indian Soldiers during the Italian Campaign of the Second World War, according to the Ministry of Defence. (ANI)

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Italian tribute to Indian Army’s WWII role

Indian Soldiers played a central role in the Italian Campaign during the Second World War, wherein more than 50,000 Indian Army soldiers from the 4th, 8th and 10th Divisions were involved.

Remembering the supreme sacrifices of the Indian soldiers, the Commune of Monotone (in Italy) and Italian Military historians have unveiled “VC Yeshwant Ghadge Sundial Memorial” at Montone (Perugia, Italy), informed the Ministry of Defence.

This was a tribute to the Indian troops who fought during Italian Campaign during the Second World War, and to honour Naik Yeshwant Ghadge, Victoria Cross, who was killed in action fighting on the heights of Upper Tiber Valley.

Neena Malhotra, Ambassador of India in Italy and the Indian Defence Attaché represented India during the ceremony. A large number of Italian citizens, distinguished guests and members of the Italian Armed Forces also graced the occasion, read a press release of the Ministry of Defence.

Indian Soldiers played a central role in the Italian Campaign during the Second World War, wherein more than 50,000 Indian Army soldiers from the 4th, 8th and 10th Divisions were involved.

Out of the 20 Victoria Crosses awarded in Italy, six were won by Indian soldiers. Indian soldiers suffered 23,722 casualties, of which 5,782 Indian soldiers made the supreme sacrifice, and are commemorated in the 40 Commonwealth War Graves spread all over Italy, the release added.

In order to make this memorial a participative endeavour, an Indian Army plaque has been placed at the memorial commemorating the gallant sacrifice of all ranks of the Indian Army who fought in the Italian Campaign.

The memorial is in the form of a live Sundial. The motto of the memorial is “Omines Sub Eodem Sole” which translates in English as “We all live under the same sun”.

The inauguration of this Memorial honouring the contributions during the Italian Campaign is a testimony to the fact that Italy holds in high reverence the supreme sacrifices and contributions of the Indian Soldiers during the Italian Campaign of the Second World War, according to the Ministry of Defence. (ANI)

ALSO READ: Indian-Italian relationships set to reach different level

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Indian-Italian relationships set to reach different level

India and Italy are natural allies whose bilateral trade trajectory has been charting an upward graph, with Italy being India’s fifth largest trading partner in EU, writes Dr. Pratap Aditya Mishra

The relationships between India and Italy is quite unique, which dates back to Roman era. It has seen many turbulent times and has gone through ups and down in last 200 years but still stood firm like rock. This year, with the signing of the joint declaration between Indian Prime Minister Narendra Modi and his Italian counterpart Prime Minister Giorgia Meloni, the bilateral relationship of the two countries has been elevated to the level of strategic partnership. Italian and Indian companies can count on a wide-ranging and updated policy framework. With inherent strengths in manufacturing, design and innovation, and skills training, Italy can offer economic complementary to India – through training support, research and development, technology, and critical goods in rapidly growing segments.

On its part, India boasts of a demographic dividend, a vast pool of skilled human resources, competitive wage rates, and an edge in industries catering to steel, leather, gems and jewelry, auto components, and textiles. Also,  India is increasingly being seen as an emerging economy in the world and an important economic partner in Asia, both in terms of trade and investment, as well as in market size.

India and Italy are natural allies whose bilateral trade trajectory has been charting an upward graph, with Italy being India’s fifth largest trading partner in EU.  In line with the approval by the Government of India of an agreement between India and Italy for collaboration in the fields of labour and employment on November 2018 and as part of the connection between Italy and India within the metallurgy sector, Indo-Italian Metal Hub, a program founded back in 2014 under the guidance of Dr. Francesca Bruni and Prof. Alberto Cavicchiolo, has encouraged an exchange of expertise for young graduates, engineers and technicians, getting positive results from both an Italian and an Indian point of view.  

Another perspective of this connection covers the educational aspect, with Italian and Indian schools are involved. Malignani (Udine) and Castelli (Brescia) are among the many Italian examples of schools associated, while their Indian counterparts are mainly from four States:West  Bengal, Odisha and Jharkhand. Possible future scenarios may foresee Italian companies hiring Indian graduates, engineers and technicians, who will be trained by the best technical schools and universities both in Italy and India. Among these, there certainly is the Italian-based Sideridraulic System SpA, which is collaborating on projects of great importance in the area, in particular in Angul, in Odisha with JSPL.

This platform has been incessantly working towards enhancing technological, engineering, and other collaborations and initiatives like academic and skill development among the industrial metal networks, through Aluminium Age Programme, visit of Odisha delegation to Italy under the leadership of a Cabinet Minister, Principal Secretary, other bureaucrats, Industry captains and group of businessmen from Odisha, collaboration with the Department of Energy, Government of Odisha, INCAL-2019 Conference and many more collaborations and conferences.

As infrastructure, railways, automotive industries, defence production are some the thrust areas of resurgent India, the critical aspect of development is the growth of steel industry in India. The Indian steel industry has entered into a new development stage, riding high on the resurgent economy and rising demand for steel. Rapid rise in production has resulted in India becoming the 2nd largest producer of crude steel during last five years (2018-2022). The country was also the largest producer of Sponge Iron or DRI in the world and the 2nd largest finished steel consumer in the world after China in 2021. The New Steel Policy, 2017 aspires to achieve 300MT of steel making capacity by 2030. Presently, the five major steel producers of India are, JSW (20.238 MT), Tata Group (19.78MT), SAIL (18.29 MT), Arcelor Mittal / Nippon Steel (6.688 MT) and JSPL (7.5 MT). They have scope to grow and expand exponentially in coming years.

The policy seeks to increase consumption of steel and major segments are infrastructure development, automobiles, railways with advanced lines for light trains, suburban trains, semi-high-speed, high-speed and freight corridors and housing including smart city projects. With Italy’s experience in the development of manufacturing clusters and world-renown advanced technological solutions for industrial machinery and India’s aim to become a manufacturing and export powerhouse, a synergy can be reinforced between both the countries within the MAKE IN INDIA program. The participation of PP Rolling Mills as shareholders of Pomini LRM is a bright example of the synergy between the know-how of Made in Italy technologies and the huge potential for market penetration offered by India.

India’s Aluminium industry is poised for a galloping growth. Aluminium demand is expected to be approx. 10 million tons by 2030, driven by a surge in transportation, building, infrastructure development, electrical, renewable energy, railway coaches, aerospace and defence industries. Again, India is expected to showcase the fastest growth rate globally, with a CAGR of 6.54% over the duration (2023-2030). Mega trends in India like urbanization,  rising middle class and sustainability look for increase in food production, so also packaged food, and big awareness of green buildings and constructions.

Potential and emerging areas of technological collaboration and financial investments where Italian industries and financial institutions can play a big role are alloy wire, rods, bars, foils (packaging), auto body, wheels and variety of auto parts, additive manufacturing technology, defence, space, rail coaches, marine, high pressure gas cylinder and domestic and office furniture.

It augurs well as the business eco-system between Italy and India, two vibrant democracies,  is quite favourable and positive. Although both the countries have seen many ups and downs in the turbulent world, they are tied together with historical, cultural, and economic factors and are poised to move on a fast track.

ALSO READ: Italy, India elevating ties to strategic level 

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Italy braces for intense heatwave

The cities include the capital Rome, Florence in central Italy and Bologna in the north…reports Asian Lite News

Rome and other cities across Italy are under a red alert as the country is bracing for an intense heat wave that meteorologists said was likely to break records.

Forecasters have predicted temperatures around 40 degrees Celsius for the rest of this week in cities across the country as Europe has been in the grip of a heat wave for several weeks now, reports Xinhua news agency.

On Monday, the Ministry of Health issued the red alert in nine of the country’s 27 principal cities for at least one of the next three days.

The cities include the capital Rome, Florence in central Italy and Bologna in the north.

Even Bolzano, in the country’s far north, will be on red alert on Tuesday.

Another eight of the 27 cities will be on orange alert by Wednesday, and only four will be on green status, which refers to normal temperatures.

Red alerts include specific warnings for even young, healthy residents to stay indoors and take other precautions during the hottest part of the day, saying temperatures can represent a “risk to life” if mishandled.

An orange alert signals the same risks but only for the extremely young, the elderly and those with health conditions.

The alerts also mean that the affected areas’ hospitals will be ready to take in heat stroke victims.

There are warnings of possible limits on energy supplies and potential damage to infrastructure.

In some cities, the authorities may provide access to free drinking in public spaces. 

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