💨 Abstract

Italy is planning to reveal a new industrial strategy in June, aimed at connecting its automotive, defence, and aerospace sectors. The strategy is designed to stimulate growth in components and machining, as auto production is expected to decline. Defence firms are confident of increased production, but warn of lengthy delivery times and dependence on government support. The plan aligns with Italy's goal of creating European champions with production bases in Italy.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖