Indian, Italian firms forge JV as India welcomes more foreign investment

The Modi government is facilitating foreign direct investments in sectors including defence, construction and manufacturing

Indian, Italian firms forge JV as India welcomes more foreign investment
India’s Singhania & Co has forged a joint venture with Italy’s CBA Studio Legale e Tributario, as India gears up for more foreign direct investment.

CBA is one of Italy’s top tax law firms, with more than 120 professionals working out of offices in Milan, Rome, Padua, Venice, and Munich. CBA and Singhaina formally signed their JV agreement at the Consulate General of Italy in Mumbai, according to Bar and Bench.

“In recent years, [the] Indian government led by Modi has launched actions to facilitate foreign direct investments in 15 sectors, including [the] defence, construction, retail trade, banking, and manufacturing sectors, where Italy excels on an international level; we will work together with Singhania to help Italian companies to find the best conditions to seize the opportunities of such a growing market,” said Angelo Bonissoni, CBA managing partner, in a statement.

“We aim at helping entrepreneurs and operators of different cultures and economies to identify projects and initiatives in the various countries, as well as facilitating financial support to companies and entrepreneurs.”

Pradeep Jain, managing partner of the Mumbai and Indore offices of Singhaina, said that the JV aims to enhance the firm’s services through a more global reach.

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