Current Affairs

India-Italy Initiate Fast –Track Mechanism

Current context: India and Italy established a Fast-Track Mechanism to facilitate companies and investors of both countries.
 India-Italy Initiate Fast –Track Mechanism
  • Fast-track System in India will work with the objective to identify and solve Italian companies problems in India and vice-versa.
  • The system will serve as a platform to discuss general suggestions with regard to ease of doing business in India.
  • India side in this system is represented by the Department for Promotion of Industry and Internal Trade (DPIIT) in close cooperation with Invest India.
  • The Italian side is represented by Ministry of Economic Development, Italy, with the Italian Trade Agency.
  • The fast-track system will be reviewed twice a year.
  • The decision has been taken in a meeting held in New Delhi between the Ambassador of Italy to India, Lorenzo Angeloni and Secretary, DPIIT, Ramesh Abhishek, to deliberate upon issues of five Italian companies. 

Question: 

The Fast-Track Mechanism recently in news, was to facilitate investors and companies of India and ___?
a. China
b. France
c. Germany
d. Italy
India-Italy Initiate Fast –Track Mechanism India-Italy Initiate Fast –Track Mechanism Reviewed by Shweta Kashyap on July 17, 2019 Rating: 5

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