Gentiloni arrived here on Sunday night.
India and Italy on Monday, inked six pacts, including on boosting cooperation in the energy and trade sectors, after extensive talks between Prime Minister Narendra Modi and his Italian counterpart Paolo Gentiloni on key issues such as terrorism and cyber crime.
Mr Gentiloni's visit to India comes after a decade. Find us on Facebook too!
"India and Italy have shared very good ties".
Prime Minister Modi said that in their talks both sides reviewed the bilateral relations and cooperation, as well as exchanged views on regional and global subjects. Officials here in the Ministry of External Affairs (MEA) have described the visit a major "breakthrough" to put at rest the strain in the relations, which had nose dived after India insisted to prosecute two Italian marines Chief Master Sergeant Massimiliano Latorre, and Sergeant Salvatore Girone who on February 15, 2012 shot dead two Indian fishermen at sea, approximately 20.5 nautical miles off Kerala mistaking them as terrorists.
In 2016-17, India's exports were $4.90 billion while imports from Italy were $3.89 million.
In the April-July period of fiscal 2017-18, bilateral trade reached $3.22 billion, with the balance of trade being in favor of India since 1988.
Earlier in the morning, the Italian Prime Minsiter was accorded ceremonial reception at Rashtrapati Bhawan. The country is part of the largest trading bloc, the European Union, of India.
The Italian Prime Minister is with his wife Emanuela Gentiloni, also paid tribute to Mahatma Gandhi, at Rajghat.
Another MoU was signed for promoting mutual investments between the Italian Trade Agency and Invest India.
In India, there are over 600 active Italian companies covering various sectors such as fashions, garments, textile and textile machinery and insurance.
A number of Indian companies are also present in Italy mainly in IT, electronics, engineering, automotive, pharmaceuticals and railway sectors.