New Delhi, June 5 -- India has received significant support from global companies and investors during Commerce and Industry Minister Piyush Goyal's visit to Italy, as several leading Italian companies announced plans to expand their presence and double down on investments in the country.

During the meeting with Union Commerce Minister, Italian automotive components manufacturer Carraro Group announced ambitious expansion plans for India.

The company will commit to investing Euro 350 million over the next five to seven years, nearly doubling its current investment base.

"We have invested around 200 million euros in India and currently employ 1,600 people. We want to increase our investment to 350 million euros in the next 5-7 years," C...