Why Italy And Europe Want To Court India
- Wary of China: It does not protect intellectual property rights, floods the European market with cheap imitations, and well nigh forces "technology transfers." India's democracy provides much better protection.
- Don't want China to emerge as the world's only 'factory'. So, want to bet on India-deals worth $3 billion to be announced during Prodi's visit.
- India is a growing market-Italy's exports to India increased by 26 per cent over the last two years.
- With Indians buying companies abroad, want that pie as well.
- Lure Indians who are increasingly travelling abroad.
- Get Bollywood to shoot in Italy and bring money.
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