{"id":3812,"date":"2019-07-17T09:57:33","date_gmt":"2019-07-17T09:57:33","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=3812"},"modified":"2019-07-17T09:57:34","modified_gmt":"2019-07-17T09:57:34","slug":"india-and-italy-set-up-fast-track-mechanism","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/india-and-italy-set-up-fast-track-mechanism\/","title":{"rendered":"India and Italy set up Fast-Track Mechanism"},"content":{"rendered":"\n<p>India and Italy set up Fast-Track Mechanism to Facilitate investors and Companies. In order to facilitate Italian companies and investors in India and Indian companies and investors in Italy, it has been decided to establish fast-track system for companies and investors of both the countries.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/current-affairs-quiz-2019-daily-gk\/\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs Quiz 2019<\/a><\/strong><\/p>\n\n\n\n<p>The key objectives of the fast \u2013 track system in India will be to pave the\nway for and identify and solve problems faced by Italian companies and\ninvestors with their operations in India. The system will also serve as a\nplatform for discussing general suggestions from the point of view of Italian\ncompanies and investors with regard to ease of doing business in India.<\/p>\n\n\n\n<p>Department for Promotion of Industry and Internal Trade (DPIIT) in close\ncooperation with Invest India will represent the India side in this system in\nIndia. DPIIT will facilitate the participation of other relevant Ministries and\nauthorities on a case by case basis. Invest India will be the responsible\nagency to pursue and monitor individual cases. They will be constantly reviewed\nby DPIIT.<\/p>\n\n\n\n<p>The Italian Embassy in India in close cooperation with the Italian Trade\nAgency and relevant Ministries in Italy will represent the Italian side of this\nsystem in India.<\/p>\n\n\n\n<p>A continuous updated list of relevant concerns of Italian companies and\ninvestors in India will be prepared by Italian Embassy and form the basis of\nthe fast \u2013 track system in India.<\/p>\n\n\n\n<p>The fast-track system will be reviewed twice a year at the level of\nSecretary, DPIIT and Italian Ambassador in India. The Italian Embassy and DPIIT\nwill meet on the working level at shorter intervals as and when required to\nreview the progress achieved.<\/p>\n\n\n\n<p>Fast-track system for Indian Companies and investors in Italy<\/p>\n\n\n\n<p>Key objectives of the fast \u2013 track system in Italy will be to pave the way\nfor and identify and solve problems faced by Indian companies and investors\nwith their operations in Italy. The fast-track system will also serve as a\nplatform for discussing general suggestions from the point of view of Indian\ncompanies and investors with regard to ease of doing business in Italy.<\/p>\n\n\n\n<p>Ministry of Economic Development, Italy, in close cooperation with the\nItalian Trade Agency will represent the Italian side in this system in Italy.\nMinistry of Economic Development, Italy will facilitate the participation of\nother relevant Ministries and authorities on a case by case basis. Italian\nTrade Agency will be the responsible agency to pursue and monitor individual\ncases. They will be constantly reviewed by Ministry of Economic Development,\nItaly.<\/p>\n\n\n\n<p>The Indian Embassy in Italy in close cooperation with DPIIT and the relevant\nMinistries in India will represent the Indian side of this system in Italy.<\/p>\n\n\n\n<p>A continuous updated list of relevant concerns of Indian companies and\ninvestors in Italy will be prepared by Indian Embassy and form the basis of the\nfast \u2013 track system in Italy.<\/p>\n\n\n\n<p>The fast-track system will be reviewed twice a year at the level of Director\nGeneral for Internationalization and Trade Promotion, Ministry of Economic\nDevelopment, Italy and Indian Ambassador in Italy. The Indian Embassy and\nMinistry of Economic Development, Italy will meet on the working level at\nshorter intervals as and when required to review the progress achieved.<\/p>\n\n\n\n<p>A meeting was held in New Delhi today attended by Ambassador of Italy to\nIndia, Lorenzo Angeloni and Secretary, DPIIT, Ramesh Abhishek, and other senior\nofficials from both sides,&nbsp;to deliberate upon issues of five Italian\ncompanies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India and Italy set up Fast-Track Mechanism to Facilitate investors and Companies. In order to facilitate Italian companies and investors in India and Indian companies and investors in Italy, it has been decided to establish fast-track system for companies and investors of both the countries. Daily Current Affairs Quiz 2019 The key objectives of the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":3813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[151,152],"class_list":["post-3812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles","tag-fast-track-mechanism","tag-india-and-italy"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=3812"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3812\/revisions"}],"predecessor-version":[{"id":3814,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3812\/revisions\/3814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/3813"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=3812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=3812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=3812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}