Don’t miss the latest developments in business and finance.

India, Spain sign 7 agreements during PM's visit

Image
Press Trust of India Madrid
Last Updated : May 31 2017 | 3:07 PM IST
India and Spain today signed seven agreements, including on cyber security and technical cooperation in civil aviation, during Prime Minister Narendra Modi's visit to the European country.
The agreements were signed after Prime Minister Modi held wide-ranging talks with Spanish President Mariano Rajoy at the Moncloa Palace in the Spanish capital.
The two sides agreements on transfer of sentenced persons and visa waiver for holders of diplomatic passports.
Five MoUs were signed between the two countries on cooperation in organ transplantation, cyber security, renewable energy, civil aviation and one between India's Foreign Service Institute and Diplomatic Academy of Spain.
Modi, the first Indian prime minister to visit Spain since 1988, praised the Spanish president saying under Rajoy's leadership the country has undergone economic reforms "which is also the biggest priority of my government."
Spain is India's seventh largest trading partner in the European Union. Two-way trade totalled USD 5.27 billion in 2016.
Modi encouraged Spanish infrastructure, tourism, energy and defense companies to invest in priority sectors in India, saying "It's a great time for Spanish companies to invest in India.

Also Read

First Published: May 31 2017 | 3:07 PM IST

Next Story