Trump attacks Germany again on day Narendra Modi visits Berlin
- Author: Zachary Reyes Jun 01, 2017,
Jun 01, 2017, 7:41
In a bid to boost India-Spain business and investment ties, Prime Minister Narendra Modi interacted with CEOs of leading Spanish companies here on Wednesday, inviting them to invest in India and benefit from the huge potential that awaits them in the country.
This is the first Indian prime ministerial visit to Spain in almost 30 years after the visit of then Prime Minister Rajiv Gandhi in 1988.
A second MoU was signed on cooperation in renewable energy. "I look forward to their valuable recommendations for strengthening India-Spain economic partnership".
Enhancing bilateral trade, nuclear and technology cooperation will be at the top of the agenda, but multilateral issues will hold centre stage during his talks with Russian President Vladimir Putin at St. Petersburg, Prime Minister Narendra Modi indicated in an article published ahead of his visit on Wednesday. The Cabinet ministers of both countries attend government consultations which are held every two years, alternately in Germany and in India.
Modi met Rajoy at the Moncloa Palace, the official residence of the president and the king of Spain this morning in the first engagement during his stay in the country today.
Britain, which is set to leave the European Union by 2019, wants to boost trade with India, which is meanwhile also trying to revive stalled, decade-old trade talks with the EU.
Merkel praised India for implementing that climate pact very "intensively and in a very committed way" and Modi said people had no right to ruin the environment for future generations. And India, which has been pivoting to the east in its own bid to boost trade ties with Southeast Asia, doesn't want to be left out as Europe finds new dance partners.
The two countries notably signed a memorandum of understanding on cooperation in the field of cyber security during Modi s visit as well as a prisoner exchange agreement. "The strong economic growth of India offers many opportunities for Spanish companies", PM Modi told Spanish daily Expansion in an interview. America was on both leader's minds, and Merkel felt comments she made on Monday doubting America's reliability as an ally needed clarification.
"Spanish firms are global leaders in sectors that are a priority for us. His visit will further strengthen the existing friendly and warm bilateral ties of India and Spain", the MEA had said in a statement.
The two sides signed 12 MOUs/agreements in fields like cyber policy, development initiatives, sustainable urban development, continued development of cluster managers, skill development, digitalisation, railway security and vocational training.
Modi will also hold a round-table interaction on Wednesday with a select group of Spanish CEOs who are keen to invest and expand their presence in India.