New Delhi, Jan 30 (Agencies): Commerce and Industry Minister Anand Sharma will lead a delegation of top CEOs to Italy on Monday to promote two-way trade and attract fresh investments.

The delegation during its three-day visit, commencing on January 31, will have several business meetings and high-level interactions in Rome and Milan, industry body FICCI Secretary General Amit Mitra said in a statement.

"The visit to Italy has come at a time when the EU seeks to reconfigure its business focus to emerging markets and economic powerhouses like India, with an aim to forge a win-win partnership," he informed.

At present, Indo-Italian bilateral trade is estimated to be above five billion euros for January-September period of 2010. Italian foreign direct investment (FDI) accounts less than one per cent of India's total FDI flow of USD 920.15 million in the last decade.

According to FICCI, trade relations between the two countries are still underperforming considering India's booming economy and demand.

The purpose of the visit is not only to expand trade and investment, but also achieve "quality partnership" that is potentially possible, Mitra said.

During the visit, issues including business cooperation in sectors like chemicals, engineering, food processing, textile and product designing will be on top priority.