THE Communist Party of Italy was founded on January 21, 1921. The October Socialist Revolution of 1917 and the subsequent formation of the Communist International in 1919 under the leadership of V I Lenin inspired and creates the atmosphere for setting up of communist parties in different parts of the world. The Communist parties of China, South Africa, Spain, Portugal etc were all set up in the year 1921.The centenary of the CP of Italy coincides with the 130th anniversary of Antonio Gramsci, one of the most celebrated ideologues of the Communist movement after V I Lenin.