INVEST IN INDIA, MODI WOOS SPAIN
Madrid, May 31: Prime Minister Narendra Modi on Wednesday invited Spanish firms to invest in India which offers “many opportunities” for them in various fields as the two countries signed seven agreements and vowed to strengthen their cooperation in the fight against terrorism.
Mr Modi, the first Indian Prime Minister to visit Spain since 1992, met the European country’s top leadership and said India and Spain maintain close and cordial relations and he sees great potential in this collaboration.
Madrid, May 31: India and Spain on Wednesday stressed that there should be “zero tolerance” to terrorism and called on the international community to end “selective or partial” approaches in combating the menace which poses the gravest threat to international peace and stability.
Prime Minister Narendra Modi, the first Indian prime minister to visit Spain since 1992, met the European country’s top leaders and they stressed that states and entities which encourage, support, finance terrorism, provide sanctuary to terrorists and glorify terrorism should be subjected to international laws including restrictive measures.
The Prime Minister held wide-ranging talks with President of the Spanish government Mariano Rajoy at the Moncloa Palace and invited Spanish firms to invest in India which offers “many opportunities” for them in various fields.
After the talks, the two sides signed seven agreements, including pacts 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.
The two sides also issued a joint statement in which the two leaders welcomed the recent positive developments in bilateral trade and investment partnership, buoyed by the positive economic outlook in both countries and called for stronger ties between the two countries.