A strategic entry point to the EU with a Strategic Logistical Position within the EU and Mediterranean area. A national manufacturing structure of

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2 A strategic entry point to the EU with a Strategic Logistical Position within the EU and Mediterranean area. A national manufacturing structure of which an important pillar is represented by dynamic family owned businesses many of which are world leaders in their production sector. An industrial production system focused on Innovation, Quality and Excellence. A country open to Foreign Investments.

3 Italy is at the center of 3 key markets of about 800 million consumers Southern Mediterranean Countries Inhabitants: 269 million GDP: USD 2,256 billion Balkan Countries Inhabitants: 58 million GDP: USD 700 billion European Union A Strategic Geographical Position Inhabitants: 491 million GDP(PPP): USD15,821 billion (IMF 2011)

4 Breakdown of Italian Companies by Size Italian Industrial Structure (1/2) N. of company Employees % employees Added Value (mln ) % added value Micro Co s , ,4 Small Co s , ,1 Medium Co s , ,1 Large Co s , ,4 Total % In Italy about 28% of the added value is concentrated in Large Co s; About 72% of the total added value is generated by Micro Co s and SMEs; SMEs are known for niche specialization; their share in export is slightly higher: 27,3% than the EU average: 27,1%. Source: Ministry of Economic Development 2012

5 Italian Industrial Structure (2/2) 0,3 7,5 35,3 3,1 11,4 1,6 Turnover sector distribution (%) 1,6 13,6 1,6 1,8 9,2 1,0 0,3 0,8 2,7 0,2 1,4 Geographical distribution (%) Source: Bureau Van Dick ,6 Source: Bureau Van Dick About 70% of companies with a turnover of between 50 and 500 million are concentrated in only 4 Italian Regions. More than 1/3 are in manufacturing.

6 World's 5 th manufacturing country in terms of added value, after US, China, Japan and Germany. EU s 2 nd industrial manufacturing base after Germany. Major driving forces of the Italian manufacturing sector with significant foreign trade surplus are: Industrial machinery and high tech specialized suppliers, Fashion (including apparel, leather goods, footwear, jewelry, eyewear, cosmetics), Furniture, ceramics and building materials, Food and wines. Each year these sectors account for over 65% of the overall manufacturing value added, with a trade surplus among the world s highest. A Dynamic and Mature Export Shift towards higher value - added productions and personal luxury goods. Reduced volumes but increased value of exports. 30% share (together with France) of the world luxury production, followed by US (20%) and Switzerland (8%). Source: IDATE Mobile 2009

7 The Innovation System Innovation is driven by an extensive, high-quality network of universities and R&D centers. 87 universities and some 8,600 graduate courses. 40 networks of science and technological parks ensure the integration of research into industrial production. 1,7 million university students and an average of 270,000 graduates each year. Over 200 R&D Centers (public and private) and 16,000 employees with a high level of technological expertise. Excellent sector-specific technical and managerial skills which top foreign multinationals. 4 th in the G12 countries for registered trademarks and 8 th for number of pending patents. Comparative advantage in different technology sectors: aerospace, biotechnologies, automation. Widespread cooperation between firms and scientific institutions contributes to innovation and success in the market. Growing importance of nanotechnologies with more than 200 institutions involved in the field. Source: MIUR

8 The Innovation System: Technological Districts (1/2) Technological Districts (TDs) are innovation poles of excellence. 28 TDs specialized in different areas: nanotechnologies, innovative materials, ICT, aerospace, life science, etc. Source: MIUR

9 The Innovation System: Technological Districts (2/2) Distretto Tecnologico ICT Distretto Tecnologico Materiali Avanzati Distretto Tecnologico Biotecnologie Distretto Tecnologico Agroalimentare Distretto Tecnologico per i Sistemi Intelligenti Integrati Distretto Ligure delle Tecnologie Marine Distretto Tecnologico Habitech Distretto Tecnologico Tecnologie Alpine Distretto Tecnologico di Biomedicina Molecolare Distretto Tecnologico Navale e Nautico - DITENAVE Distretto Tecnologico Veneto Nanotech Distretto Tecnologico Torino Wireless Distretto Tecnologico Hi Mech Distretto Tecnologico Qualità della vita, Innovazione e Sicurezza nell abitare Distretto Tecnologico Innovazione Sicurezza e Qualità degli Alimenti Distretto Tecnologico ICT & Security Distretto Materiali speciali metallurgici dell'umbria Distretto Tecnologico per la Biomedicina e delle Tecnologie per la salute Distretto Tecnologico per l'innovazione agroindustriale Distretto Biotecnologico agroalimentare Pugliese Distretto Meccatronico Pugliese Distretto Tecnologico Pugliese High-Tech Distretto DI.T.N.E (energia rinnovabile) Distretto Tecnologico per l'aerospazio-dta Distretto Tecnologico Beni culturali Distretto Tecnologico Bioscienze Distretto Tecnologie innovative per la tutela dei rischi idrogeologici e sismici Distretto Tecnologico sull ingegneria dei materiali compositi e polimerici Distretto Tecnologico AgroBio e Pesca eco-compatibile Distretto Tecnologico Trasporti navali commerciali e da diporto Distretto Tecnologico Micro e Nanosistemi Distretto Tecnologico Energia Petrolchimica e Ambiente Distretto Tecnologico della Logistica e Trasformazione Distretto Tecnologico per il restauro dei Beni Culturali Source: MIUR

10 Foreign Direct Investments in Italy In 2010, Inward Foreign Direct Investment (FDI) stock was 248 billion (USD332 billion). For the past four years ( ), average inflows were 10,8 billion (USD14,7 billion). Compared to other major EU countries, Italy is underperforming in its FDI attraction related to the size of its economy: while Italy accounted for 13% of the EU s GDP in 2010, its inward stock was 4,9% of the EU s totals. EU countries are the origins of most of Italy s FDI. The five largest investor countries are Luxembourg, France, the Netherlands, the United Kingdom and Germany. The value of net M&A sales, however, more than doubled from USD6 billion in 2010 to $13 billion in The takeovers by French firms of Bulgari, a luxury-goods firm, and Parmalat, a dairy group, accounted for much of the rise. Source: UNCTAD February 2012 Source: IDATE Mobile 2009

11 Financial Packages for International Investors (1/2) Foreign companies may apply for a variety of business incentives according to the location and size of the business. Some incentives are granted automatically upon meeting the requirements for access, while others require successful completion of evaluation procedures. Business Incentives: Grants for investment in new and existing production facilities, the revitalization of industrial areas, local development, R&D and the agro-industry. Capital grants, easy-term loans or tax credits. Incentives for larger local development programs involving the central and local government. R&D tax credit for companies (including nonresident companies with a permanent establishment in Italy) outsourcing R&D activities to universities or public research bodies. Hiring and training incentive schemes (grants or tax relief) are available in all the Italian Regions and depend upon several parameters such as: enrollment fees, gender, age, long/short time of unemployment status, social status, disabilities, etc.

12 Financial Packages for International Investors (2/2) Development Contract: support is provided in the form of grants or soft loans, as well as combinations of the two forms; the incentives are calculated on the basis of eligible investment cost; eligible projects: manufacturing, mining, power generation activities (excluding activities associated with the steel and coal industry), services. Law 181/ 89: support is provided through a mix of incentives: grants, soft loans and minority equity participation; eligible projects: new investment projects (including new plants, expansion, modernization and restructuring) in manufacturing and service industries. For further information

13 National Agencies for Internationalisation ICE- Trade Promotion Agency, under mandate of the Ministry for Economic Development, provides information, support and advice to Italian and foreign companies. ICE operates worldwide from a large network of Trade Promotion Offices linked to Italian embassies and consulates. INVITALIA-National Agency for Inward Investments and Economic Development, under mandate of the Ministry for Economic Development, manages contacts and relations with foreign investors, Ministries and local authorities. INVITALIA provides services free of charge and administers a set of Financial Support packages : Development Contract Law 181/89 Desk Italia Decree Law Dl Crescita 2.0 (GU 18 ottobre 2012 n 179), art. 35, establishes Desk Italia, a one-stop-shop for foreign investors. Under mandate of the Ministry for Economic Development, Desk Italia assists and advises international companies regarding business location, location expansion, relocation & FDI services in Italy.

14 Investment opportunities: Italy s Strategic Sectors ICTs (INFORMATION AND COMMUNICATIONS TECHNOLOGIES) Life sciences Logistics Tourism Renewable Energy

15 Italy s Strategic Sectors ICT Italy is Europe s 4 th largest ICT market, with market value exceeding 60 billion in ICT market share is worth 41,8 billion of which IT is worth 18,4 billion. Italy ranks 2 nd in Europe for mobile phone penetration with over 90 million active SIM cards. Source: Eurostat,2011 Over 500 foreign ICTs companies. R&D centers: Intel, Microsoft, IBM, Siemens, LG, Marvell, Infineon, Maxim, International Rectifier. A strong base of HR: about 50,000 new degree graduates a year in ICT-related disciplines. ISMB Virtual reality and multimedia Park Politecnico of Turin Italian Institute of Technology IIT ISTI Scuola Superiore Sant Anna Scuola Normale Superiore CRS4 University of Cagliari -CEFRIEL -IMATI -Politecnico of Milan ENEA CNR IASI University La Sapienza IREA University of Naples Sannio University AREA Science Park University of Trieste NNL ISSIA For further information CRES University of Palermo IMM University of Catania

16 Italy s Strategic Sectors Lifescience Italy is one of the world leaders in Life Sciences, being the 3 rd largest industry in Europe after Germany and France (Source: IMS 2011). Pharmaceuticals rank 5 th for total sales (pharmacies + hospitals), thus providing a relevant driver for biotech development. 3 rd highest turnover in Europe amounting to 23,3 billion Substantial R&D spending at over 1,2 million per year Some 100 foreign companies operating in the sector, including all major multinationals. Strong competencies in Biomedicine, Oncology, Diagnostics, Neurosciences. Large community of expertise: IFOM, European Institute of Oncology, ICGEB. Extremely competitive R&D labor and facilities costs compared to USA, UK, Germany and France. For further information -San Raffaele Hospital -National Institute for Research and Treatment of Tumours -IEO -Mario Negri Institute Canavese Bioindustry Park National Cancer Research Institute Science and Technology Park of Sardinia Toscana Life Science Park -Regina Elena Institute for Research and Treatment of Tumors - CNR - ENEA San Raffaele Biomedical Sciences Park Giovanni Pascale National Institute for Research and Treatment of Tumors AREA Sciences park Parco Tecnologico Padano

17 Italy s Strategic Sectors Tourism As one of the top brands in the world, Italy continues to have a great reputation as a preferred destination: 1 st place among EU countries for accommodation capacity; 3 rd place among EU countries for arrivals; 4 th place in world country rankings for currency earnings ; 5 th place in world rankings for arrival: 43,6 million of tourists in 2010 and revenues of USD 38,8 billion (UNWTO, April 2011). Italy s attractiveness combines with its world renowned values such as life style and Made in Italy quality, design, luxury and exclusive products. Its products portfolio is broad, rich and flexible, combining intense experiences for those in search of Art, History, Tradition, Nature, Landscape, Culture, Best of and Surprises to discover thus satisfying all tourist needs. The country benefits from highly qualified human resources, thanks to a widespread hospitality culture, supported by a capillary training activity, from school to university, targeted to students, workers and managers. For further information

18 Italy s Strategic Sectors Logistics 1/2 2 nd longest road network: 6,500 km of motorways equal to 13.7% of all EU (25) motorways; km of national roads. 5 th longest rail network: 16,703 km of working lines and 24,216 km of tracks. Most developed freight village systems in Europe: 7 Italian freight centers in the Top 20 of European logistic infrastructures, with Verona ranking 1 st. 2 nd most important country for maritime freight transport: 24 main commercial ports; 3 International Hubs; 7,400 km of coastline; around 10 million TEUs of total traffic containers in st EU country in maritime transport of passengers in 2009 with 92 million passengers. The strategic position guarantees more favorable transit times (on average 5 days) to all major destinations. For further information:

19 Italy s Strategic Sectors Logistics 2/2

20 Italy s Strategic Sectors Renewable Energy The Italian renewable energy market is one of the world's largest, ranking 5 th globally (Ernst & Young Renewable Energy Country Attractiveness Index 2011). Italy legislature provides incentives for the production and distribution of energy produced by all the renewable energy sources (RES). The solar photovoltaic (PV) sector is the dominant technology thanks to the PV incentives and Italy s geographic position. Other RES are growing: wind, geothermal, wave and tidal power, biomass, biogas, landfill gas and sewage treatment gas. For further information

21 Contacts Directorate General for Country Promotion (Economy, Culture and Science) Office I Promotion and coordination of international activities of the Italian economic system, public/private partnerships, insurance and financial instruments for foreign trade Ministry of Foreign Affairs Piazzale della Farnesina Rome dgsp1@esteri.it