Italy
has emerged as the 3rd largest market for Indian
exports in the EU after Germany and UK Italy
covers an area of 301,300 sq.kms. with a population
of 57.85 million inhabits as per the 1991 census.
The population density is 192.0 per sq.kms.
The climate in Italy is generally temperate
in the north and Mediterranean in the south.
In the capital, Rome, the hottest month is 8
degree Celsius. Rome has an annual average of
over 700 mm of rain, with wet autumns and dry
influences and in the Alps it is still colder
but drier in the winter.
Even though the Italian economy is
basically agriculture, it has undergone such
a process of industrialization as to be classified
now among the few most industrialized countries
of the world. This has provided a stimulus for
the foreign trade, particularly with the member
nations of EU.
GNP in 1990 was 1188 thousand billion
Liras, that is a per capita GNP of 18848 US
dollars. The output of Italian textile industry
ranked second behind Germany in the EU countries.
The Italian knitting industry is the biggest
in the EU, aided in the mass market by the success
of companies with expanding international distribution
chains and in value added markets by reputable
designer names. The export boom may be coming
to an end. Unfavorable currency movements and
continuing inflation in the economy are making
Italian goods less competitive.
Exporting for some items of defense
stores, there are no restrictions on imports
into Italy, which are allowed on payment of
customs duty prescribed by the Italian customs
tariff. No quotas have been set up for the import
of any commodities from India. Practically all
rates of duties are advalorem. Italy accords
GSP on par with other EC countries. Italy accords
GSP on par with other EC countries. Italy has
a highly booming economy, wherein incomes are
rising fast. The overall increase in demand
is largely being met through increased imports,
thereby creating greater prospects for foreign
goods. About 40% of Italian imports are from
other EC countries. Other important trading
partners of Italy are USA and EFTA countries.
Textile, Garments, Yarns etc. remained
the largest sector of India’s export to
Italy and registered an increase of over 90%
of India’s export to Italy. However, its
share in overall exports to Italy declined from
34% in 1991 to 32.2% indicating a greater diversification
of India’s export basket to Italy. Exports
of other textile products like furnishings,
linen etc. fell slightly from 59.8% billion
Lire in 1991 to 58.7 billion Lire in 1992 .In
order to increase our exports in this sector
focus would have to be on non quota items like
silk and silk products, ready-made and makeup’s
of artificial and synthetic materials, sports
wear, high fashion wear, etc. Indian companies
should try to establish their own brand names
for higher realizations and customer loyalty.
The following organization can offer
advice on commercial information:-
EMBASSY OF INDIA
Via XX settembre, 5,00187,Rome, Italy.
TEL :00-39-6-4884642 to 45
FAX :00-39-6-4819539
Honorary Consulate of India
Salita Santa Caterina 4/5,16123,Genoa, Italy.
TEL : 00-39-10-5531459
FAX : 00-39-10-5531286
