He will be in Mumbai and Delhi during the course of his visit.
While in Delhi, Carlos I will be accorded a ceremonial welcome on October 26. He will call on President Pranab Mukherjee who will host a state banquet in his honour.
Delegation-level talks are expected to take place between Prime Minister Manmohan Singh and the Spanish King.
"The King will be accompanied by high-level ministerial, official and business delegations from Spain," a Ministry of External Affairs statement said.
India-Spain bilateral trade in 2011 was close to USD 5 billion, which represents a growth of almost 18 per cent over 2010.
Spanish investment in India is over USD 1.3 billion. India's total investment in Spain is valued at around Euro 605 million.
"Mutually beneficial opportunities for investments by Spanish companies in India exist in a number of sectors such as infrastructure, transport, energy, amongst others," the statement said adding the royal family of Spain has a strong and abiding interest in India.
"The visit of His Majesty is expected to carry forward the process of high-level interaction and deepen the relations between the two countries," it said.
