New Delhi, June 5 -- Several prominent Italian companies have announced substantial investment commitments in India following high-level meetings with Commerce and Industry Minister Piyush Goyal during his official visit to Italy.

The announcements represent a significant strengthening of trade and investment relations between the two nations.

Automotive components manufacturer Carraro Group revealed plans for a major expansion of its Indian operations, committing to invest 350 million euros over the next five to seven years.

This investment will nearly double the company's current financial commitment to the Indian market. Carraro Group Chairman Enrico Carraro indicated that the company has already invested approximately 200 million e...