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Recent Current Affairs related to Italy

3 News
8 August 2026 BUSINESS

Jupiter Wagons Ltd (JWL) has partnered with Italy-based Lucchini RS Holding SpA and SIMEST (Italian Society for Enterprises Abroad) SpA to set up India’s first fully integrated private-sector railwheel manufacturing platform, named Jupiter Tatravagonka Railwheel Factory Pvt Ltd (JTRWF).

Under this deal, Lucchini RS and SIMEST will acquire a combined 25% stake in JTRWF for an investment of ₹307 crore (EUR 28 million).

2 June 2026 AGREEMENTS

PM Narendra Modi visited Italy at the invitation of Giorgia Meloni, the PM of Italy. During their bilateral meeting in Rome, the leaders reviewed the progress of the Joint Strategic Action Plan 2025-2029.

The visit resulted in the adoption of a Joint Declaration of Intent (JDI) and a Defence Industrial Roadmap. Both nations also declared 2027 as the Year of Culture and Tourism and signed 10 MoUs across various sectors.

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