The Facilitation Committee chaired by the Ministry of Foreign Affairs and International Cooperation (MAECI), which includes the Ministry of Economy and Finance, the Ministry of Enterprises and Made in Italy, and the Conference of Regions and Autonomous Provinces, has today approved a new concessional finance facility worth EUR 500 million in support of Italian enterprises with interests in India. The objective is to fund investment and expansion plans across the subcontinent. The measure is also open to companies that are not direct exporters but are part of supply chains involved in exports to India.
This new initiative is a concrete implementation of the objectives set out in the Export Action Plan, launched by the Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Antonio Tajani. It aligns with the strategic priority of diversifying the destination markets for Made in Italy, in order to ensure the growth and internationalisation of Italian enterprises.
The Committee has also approved the allocation of concessional loans, managed by SIMEST, for internationalisation projects in strategic areas, amounting to EUR 81.7 million in favour of 164 companies engaged in digital and ecological transition investments, participation in trade fairs and international events, entry into new markets, recruitment of temporary export managers, and the launch of new e-commerce platforms.
Furthermore, the Committee approved financing operations totalling EUR 8.2 million under the facility aimed at enhancing activities in African markets, and loans amounting to EUR 1.47 million under the “Latin America” Facility.
Lastly, the Committee approved EUR 35 million in financing to support Italian investments in the United States, Spain, and Africa, in the automotive components, audiovisual, and agri-industrial sectors, as well as support for a new deep-tech start-up operating in the field of plastic materials.
