India to benefit from Italian machinery deal
20/12/2012
The deal will enable local companies to use Italian machines free of charge for up to three years, as well as benefit from training.
The Association of Italian Textile Machinery Manufacturers (ACIMIT) and the Dattajirao Kadam Education Society's Textile & Engineering Institute, based in Kolhapaur, in Maharashtra State, agreed to the deal, which will also see three students awarded scholarships to help them to pursue training.
The training centre is a part of a wider initiative called Machines Italia, funded by Italy's Ministry for Economic Development, which aims to support the internationalisation of companies in the sector.
ACIMIT president Sandro Salmoiraghi said: “ACIMIT intends to strengthen the profitable relationship which exists with India’s textile industry. This initiative aims to increase everyone’s awareness of the important synergy with the territory’s textile manufacturers, represented by the world of academia. The benefits in terms of image will be felt not just by individual participating Italian businesses supplying machinery, but for the whole of Italy’s textile sector.”
India is the third most important destination for Italian machinery exports, receiving €58 million-worth over the first half of 2012.
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