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Key Points

Italian industrial giant UFI Filters is set to significantly expand its presence in India through major new investments. Commerce Minister Piyush Goyal facilitated critical meetings with several Italian business leaders during his recent visit to Milan. The company, specializing in advanced filtration technologies, sees tremendous potential in India's growing manufacturing ecosystem. This investment represents a strong vote of confidence in India's evolving industrial landscape and bilateral economic relationships.

Key Points: Piyush Goyal Meets UFI Filters CEO for India Investment Boost

  • UFI Filters to double investments in Indian market
  • Piyush Goyal meets Italian business leaders
  • Strengthening Italy-India bilateral trade relations
  • Expanding filtration technologies across industrial sectors
2 min read

UFI Filters to double investments in India; Piyush Goyal meets CEOs of leading companies during Italy visit

Italian UFI Filters plans to double investments in India, signaling strong bilateral trade and manufacturing potential with strategic ministerial engagement.

"We see significant growth opportunities in India's expanding industrial landscape. - Giorgio Girondi, UFI Filters Chairman"

Milan, 4 June

Italian filtration and thermal management company UFI Filters has announced plans to significantly expand its presence in India through renewed investment commitments, according to company Chairman Giorgio Girondi.

Speaking to media representatives following a meeting with Commerce and Industry Minister Piyush Goyal, Girondi expressed confidence in the company's Indian operations and outlined ambitious growth targets for the region.

The announcement was made during Piyush Goyal's two-day official visit to Italy, where he is engaging with Italian leadership and business community to strengthen bilateral trade relationships and encourage cross-border investment opportunities.

Piyush Goyal met CEOs of several leading companies here.

Apart from Giorgio Girondi, they included Stefano Toschi, CEO, Toschi Vignola; Marco Nocivelli, CEO, ERTA Refrigeration; Enrico Carraro, Chairman, Carraro Group; Daniele Forni, Managing Director, SOL Group; and Laura Tarquinio, Owner and CEO, iMoon lightning Srl.

UFI Filters CEO Stefano Gava spoke about the company's current Indian market position and said it is looking to double its investments in India.

The Italian company serves diverse industrial sectors through its specialised filtration technologies, including automotive manufacturing, aerospace systems, marine applications, and customised hydraulic solutions for specialised industrial requirements.

This investment commitment reflects growing confidence in India's manufacturing sector and represents a significant vote of confidence in the country's business environment from a major European industrial player.

- ANI

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Reader Comments

R
Rajesh K.
Great to see European companies doubling down on India! Our manufacturing sector is finally getting the recognition it deserves. Hope this creates more skilled jobs for our youth. 🇮🇳
P
Priya M.
Piyush Goyal's foreign visits are yielding results. But I hope these investments come with technology transfers too, not just assembly units. We need to move up the value chain.
A
Amit S.
UFI makes excellent filters - used them in my auto workshop. If they start manufacturing here, prices should become more competitive. Good for Indian automotive industry! �
S
Sunita R.
While foreign investment is welcome, I hope our government ensures these companies follow strict environmental norms. Filtration companies must practice what they preach about clean tech.
V
Vikram J.
Make in India is working! But can we have details about where these plants will be set up? Hope they consider Tier 2 cities to boost regional development beyond usual metros.
N
Neha T.
Italy has amazing engineering companies. This partnership could be game-changing for our aerospace sector too. More such collaborations please! ✈️

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