Relations between Italy and India have officially resumed with the bilateral meeting between the Italian and Indian Prime Ministers Paolo Gentiloni and Narendra Modi, that took place this past month.
As a matter of fact, the diplomatic relations between the two countries never truly stopped. In fact, since last year, the economic and trade exchanges between the two countries reached 8.8 billion, including investments in sectors such as railways, renewable energy, and technology.
It is in this last sector that Ubiquity operates: the innovative technologies in the domain of mobile messaging services. In October 2016, the made in Italy company, announced the acquisition of 51% of Solutions Infini, a fast-growing Indian operator in the mobile messaging service industry.
However, the Indian Ministry of Telecommunications’ approval for the acquisition of 100% of Solutions Infini, arrives towards the end of October 2017 and it is made public during the meeting between the Prime Ministers Paolo Gentiloni and Narendra Modi, on Monday, October 30th, in Delhi.
Dario Calogero – CEO and Founder of the Milanese company, represented Ubiquity at the official meeting.
We asked him a few questions posed by our own readers:
What was Ubiquity’s main role during the official meeting between the two Premiers?
Ubiquity was invited to join the delegation of companies accompanying Prime Minister Paolo Gentiloni on his official visit to New Delhi and the bilateral meeting with Prime Minister Narendra Modi. The selection of companies invited was focused on commercial partners with significant business shares with India: Alitalia, AMA, Ferrovie, Ferrero, Fincantieri, Piaggio, FCA, Tecnimont, Maccaferri and Ubiquity were among the companies present. For us, it was an interesting experience on many levels: both the institutional and the business part have been very fascinating and intense.
Based on the atmosphere during the official encounter between the two prime ministers and in light of your experience with an Indian company, how much does the Italian market have to offer to the Indian market and vice versa, in your opinion?
First and foremost is the observation concerning the diplomatic climate between the two delegations, a sort of reset of the relations after the crisis that occurred in the past few years. Economic relations and the exchange between the two economies are booming. Most of the activity for Italian companies is in infrastructure, railways, transport, and construction, but also automotive and mechanical engineering. In Hi-Tech, Ubiquity’s acquisition of Solutions Infini is relevant for many reasons. It is the first time in the history of bilateral relations that an Italian company acquires an Indian company in the ICT sector. The Asia Pacific market growth rates are such that the group’s revenue will pair with those markets with a significant leveling of the market share of APAC and EMEA in the next fiscal year 2018, closely approaching the threshold of 100 million euro. The Group is set up as a platform company with a global Cloud Infrastructure and over 20 billion notifications managed globally, which maintains and strengthens leadership in the domestic financial market, while opening up to Cloud services, textual notifications, and even voice application to person.