Facing the COVID19 Emergency - Financial Tools for Italian Investments in India
Time & Location
About the Event
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The measures to contain the spread of COVID-19 are resulting in operational disruption for many companies. Staff quarantine, halted supply chains, inventory shortages, and reduction in demand are generating exceptionally poor trading conditions. Most businesses are today facing sudden and unanticipated pressure on liquidity and the need of the day is to find short-term solutions to support their cash flows and working capital requirements.
Within this context, the Embassy of Italy in India, SIMEST – The Italian Export and Internationalisation Agency, and the IICCI – Indo-Italian Chamber of Commerce and Industry organised a webinar to share with participants the financial tools made available by SIMEST for the Indian subsidiaries of Italian companies and Indo-Italian joint ventures in need of liquidity injection.
The following panellists will intervene:
H. E. Vincenzo de Luca - Ambassador of Italy in India
Pasquale Salzano – Chairman, SIMEST Spa
Mauro Alfonso - CEO, SIMEST Spa
Carlo De Simone - External Relations, Simest Spa
Hugo Doyle - Head of International Public Affairs, Intesa SanPaolo
Carlo Pacifici - CEO, Meccanotecnica Umbra
The webinar was moderated by Mr. Claudio Maffioletti, Secretary General and CEO of the IICCI - Indo-Italian Chamber of Commerce and Industry.
To facilitate the flow of the webinar and provide the speakers and participants with actual data, the IICCI had prepared an instant survey for the Italian companies in India, to map and assess their financial needs.
SIMEST is the company in the Cassa Depositi e Prestiti Group which since 1991 has supported the growth of Italian companies through the internationalisation of their activities. It is 76% controlled by SACE and is invested in by leading Italian banks and business associations. Together with SACE, SIMEST represents the Export and Internationalisation Hub of the CDP Group, which brings together all the instruments to support Italian companies that wish to compete and grow internationally.
SIMEST, in particular:
- Supports the company through their whole expansion cycle abroad, from the initial assessment of opening up to a new market, to expansion through direct investment. It operates through loans aimed at internationalisation, export credit support and capital investment.
- A partner to the main global financial institutions, it operates with EU Funds and adheres to the EDFI (European Development Financial Institutions) network.
To know more about SIMEST and its financial facilities, visit www.simest.it