In Spain, PM Narendra Modi invites firms to invest in India

Prime Minister Narendra Modi today left for Russian Federation after concluding a "successful" visit to Spain where he paid a courtesy call to Spanish King Felipe VI and held wide-ranging talks with President Mariano Rajoy.

India and Germany agreed on the need to resume free trade talks between India and the European Union soon, and signed a dozen wide-ranging but low-profile MoUs on the subjects of education, health, skill development and sustainability after a meeting between Prime Minister Narendra Modi and German Chancellor Angela Merkel on Tuesday.

Modi, the first Indian PM to visit Spain since 1992, met top leaders and the interactions stressed that states and entities which encourage, support, finance terrorism, provide sanctuary to terrorists and glorify terrorism should be subject to global laws including restrictive measures.

Spain's Prime Minister Mariano Rajoy received the Prime Minister of India, Narendra Modi, at the Moncloa Palace.

Modi will also call on King Felipe VI of Spain.

Prime Minister Narendra Modi will seek to fix India's drifting partnership with Russian Federation when he meets President Vladimir Putin this week.

"They acknowledged the positive results of 2016 EU-India Summit in March 2016, which marked a new momentum in the EU-India relations", the statement said.

He also invited Spanish participation in the Smart Cities initiative. He said that in an interconnected and interdependent world - Spain and India can work together both for mutual benefit, and for the benefit of the world at large.

"Thank you Germany! My visit has led to very positive outcomes in terms of furthering the close ties India and Germany enjoy", Modi said in his goodbye message as he left for Spain on the second leg of his four-nation tour which will then cover Russian Federation and end in France.

Two-way trade totalled 4.72 billion euros ($5.27 billion) in 2016, an 8.5 percent increase over the previous year, of which Spanish exports made up almost 1.26 billion euros. "I hope this visit spurs deeper ties between our two countries", Rajoy said.

Modi also gave a broad overview of the economic reforms undertaken in India, including the GST. "The negotiations have been tough because every country must safeguard its own interests and Germany will ensure that India's concerns are also put on the table", she said.

If signed, the two units of the plant, with capacity to produce 1000 MW of electricity each, will significantly boost the country's nuclear power generation.

The visit Wednesday was the first time in 25 years that an Indian leader had come to Madrid to meet the head of the Spanish government.

Prime Minister Modi reiterated India's timeless values of nurturing and protecting nature.

  • Leroy Wright


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