Campania Region and Confindustria for the attraction and consolidation of foreign investments

Enhancing the role and potential of Italian companies with foreign capital not only on strictly economic aspects, but also on programmes of environmental sustainability, circular economy and welfare, to which foreign multinationals are committed. This is the focus of the Protocol between Confindustria, the Campania Region, and Confindustria Campania, signed this morning at the Reggia di Caserta, to foster and support international companies operating in the area and create the conditions for them to implement investments in the areas where they are already present.

The signing of this protocol is part of a path of retention and awareness of the importance of foreign capital companies, to which Confindustria has been committed for years. Tuscany, Lazio, Emilia-Romagna, Umbria and Piedmont have already adhered, and Campania’s adhesion is particularly significant because, with more than 1,300 companies employing more than 40,000 people, it is the first region in southern Italy for the presence of foreign companies. Overall, there are 15,779 foreign companies in Italy, making up 0.4% of the total number of Italian companies. They employ 8.7% of the workforce, generate 19.3% of the turnover produced by all Italian companies and 16.3% of added value. In addition, foreign multinationals invest EUR 4.3 billion in research and development, accounting for 26% of total private research.

“We are doing everything to attract domestic and foreign investment. We have a great flow of resources coming in with the NRP, but it is not enough. We need new investors,’ said Vincenzo De Luca, President of the Campania Region. ‘The decisive thing, however, will be the level of bureaucratisation we manage to achieve. In Campania we are working on zero bureaucracy, to create the best conditions in terms of taxation and decision-making times”.

SOURCE ANSA