Piyush Goyal met Mr. Matteo Colaninno, Executive Deputy Chairman of Piaggio, a vehicle manufacturing company.

New Delhi, India – Union Minister for Commerce and Industry, Piyush Goyal, recently met with Mr. Matteo Colaninno, the Executive Deputy Chairman of Piaggio, a leading Italian vehicle manufacturing company. The meeting was focused on discussing the prospects of the electric vehicle industry in India and exploring potential business opportunities for Piaggio.

India is currently promoting the use of electric vehicles to reduce the country’s carbon footprint and dependency on fossil fuels. The government has set an ambitious target of achieving 30% electric vehicle penetration by 2030, and it is actively encouraging companies to invest in the sector.

During the meeting, Goyal and Colaninno exchanged views on the tremendous opportunities that India presents in the electric vehicle sector. They discussed the various incentives and policies that the Indian government has implemented to encourage electric vehicle production and adoption, such as tax benefits and subsidies for manufacturers and consumers.

Goyal highlighted the government’s commitment to promoting a green and sustainable future through the use of electric vehicles. He also mentioned the importance of collaborations with international companies like Piaggio to bring in advanced technology and expertise to India’s electric vehicle industry.

Colaninno expressed his interest in investing in the Indian electric vehicle market and praised the government’s efforts to promote the sector. He highlighted Piaggio’s extensive experience in manufacturing electric vehicles and shared his vision of producing affordable, efficient, and sustainable electric vehicles for the Indian market.

The meeting ended with both parties agreeing to work towards exploring potential business opportunities and collaborations in the electric vehicle industry. Goyal thanked Colaninno for his visit and reiterated the Indian government’s commitment to creating a conducive environment for the growth of the electric vehicle industry in India.

The meeting between Piyush Goyal and Matteo Colaninno marks an important milestone in India’s journey towards a sustainable and eco-friendly future. With the government’s support and collaboration with international players, the Indian electric vehicle industry is poised to achieve tremendous growth and make a significant contribution to the country’s economic and environmental goals.

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