Seeking to give a fillip to bilateral trade ties, India and Spain are set to sign three agreements in the fields of tourism, agriculture and renewable energy as part of President Pratibha Patil's visit here.
Maintaining that the trade volume between the two countries remained "insufficient", both Patil and Spanish King Juan Carlos I emphasised the need to intensify bilateral engagement in the field.
"The challenge now is to give a fillip to the investment relationship, and I understand that in this globalised environment, Indian investors are looking at Spain, and at the same time, we would like India to be an investment destination for Spanish investors," Patil said at the state banquet hosted by the King and Queen Sofia late last night.
"I am also convinced that there are many other areas of cooperation waiting to be tapped for the mutual benefit of our people," she said.
Echoing her views, the Spanish King said "our bilateral trade figures continue to be insufficient, although, like mutual investment, they are growing at a good rate."
"I wish through a Comprehensive Market Development Plan to prioritise our economic relations with India and identify new business opportunities for Spanish companies in your country and for Indian enterprises in Spain," he said.
