Piyush Goyal proposes developing industrial enclave for Italian businesses in India

Commerce Minister Piyush Goyal is on a two-day visit to Brescia (Italy)

Commerce and Industry Minister Piyush Goyal on Thursday proposed to develop an industrial conclave for Italian businesses in India to promote investments.

Speaking here at India-Italy Business Forum meeting, he said Italian companies can consider setting up manufacturing units and offices in those enclaves.

"I have a proposition for you. We can set up Italian enclaves where Italian businesses can set up shops... we can set up hotels, restaurants, healthcare for Italian people who would come to work there. It will be home away from home for them," Goyal said.

These industrial parks can be set up in the proposed industrail corridors in different parts of the country.

The minister is here on a two-day visit. He is meeting leaders and businesses to boost trade and investments between the two countries.

India would invite Italian companies to certain locations in India such as Dighi near Mumbai and Sambhaji Nagar (Aurangabad) in Maharashtra to showcase potential locations for these enclaves.

The government has announced to invest about Rs 28,000 crore to set up 12 industrial nodes, and build 100 industrial parks in the country.

These industrial areas will be located at Khurpia in Uttarakhand, Rajpura-Patiala in Punjab, Dighi in Maharashtra, Palakkad in Kerala, Agra and Prayagraj in UP, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in Andhra Pradesh, and Jodhpur-Pali in Rajasthan.